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    Renovated Three-Unit Income Property Title is generated by Realmo AI

    1234-1236 S Arizona Ave, Los Angeles, CA 90022

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    For Sale
    $1,099,000

    Extensively renovated three-unit property with updated interiors and covered parking for multiple tenants.

    Type:Investment
    Added:
    Jun 4, 2026
    Days on Market:
    3
    Last Refresh:
    Jun 6 at 4:45 am

    Property Features for 1234-1236 S Arizona Ave

    General Information

    Standard status
    Active
    Property subtype
    Investment

    Building Details

    Year Built
    1922

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    Listing Contact
    Jenny Segovia

    Listing agent Jenny Segovia License #01331605

    Listing office

    Listing date Jun 4, 2026

    Source Elliman

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Jenny Segovia

    HighLights

    • Three‑unit income property built in 1922, extensively renovated
    • Front unit: 5 bedrooms and 3 baths with updated flooring, new windows, new kitchen cabinets, new/updated bathrooms, and fresh paint
    • Middle unit: 2 bedrooms with a current tenant; recent renovations include brand‑new windows and floors plus fresh paint inside
    • Back unit: 1 bedroom; vacant and ready for new tenants with brand‑new windows, new floors, and fresh paint
    • Front and back units are vacant and ready for new tenants
    • Each unit includes a covered garage space; near 710 and I‑5 freeways

    Overview

    This extensively renovated three-unit income property includes a spacious front unit with five bedrooms and three bathrooms, plus a middle two-bedroom unit and a back one-bedroom unit. Updates across the property include new flooring, fresh interior paint, and brand-new windows, with the front unit also featuring new kitchen cabinet finishes. The front and back units are vacant and ready for new tenants, while the middle unit is currently occupied. Each unit has decimated covered garage space, providing dedicated parking for residents.

    The property is located near the 710 and 5 freeways and is described as approximately 35 minutes from DTLA. The surrounding area includes access to restaurants, Citadel Outlets, colleges, and parks. WalkScore is listed at 90 (very walkable) and transitScore at 59 (good transit), with BikeScore of 61 (bikeable).

    For buyers and investors, this configuration offers a mix of unit sizes—five-bedroom, two-bedroom, and one-bedroom—with both turn-ready and occupied tenancy status. The covered garage spaces and recent window, flooring, and paint upgrades support immediate livability for incoming residents, while the current tenant in the middle unit provides ongoing income continuity.
    Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.1682685
    Latitude
    34.0173135

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    FAQs

    What type of property is this?
    Triplex - Extensively renovated three-unit property with updated interiors and covered parking for multiple tenants.
    Where is this triplex located?
    The property is located at 1234-1236 S Arizona Ave Los Angeles, CA.
    What is the asking price?
    The asking price for this property is $1,099,000.
    What are key features of this property?
    This property features: Three‑unit income property built in 1922, extensively renovated; Front unit: 5 bedrooms and 3 baths with updated flooring, new windows, new kitchen cabinets, new/updated bathrooms, and fresh paint; Middle unit: 2 bedrooms with a current tenant; recent renovations include brand‑new windows and floors plus fresh paint inside
    (818) 668-8768
    We can help!
    Listing Contact
    Jenny Segovia
    Real Estate License ID: 01331605
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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