3-Unit
1236 W 37th Place, Los Angeles, CA 90007
For Sale
$1,500,000
Each residence has four bedrooms and four bathrooms, a layout suited to co-living rentals.
Property Size5,183 SF
Days on Market17
Property Features for 1236 W 37th Place
General Information
Standard status
Size
Property subtype
Occupancy
Site & Location
Neighborhood
Public Transit
Units
Unit Mix
Multifamily Units
Additional Details
Gross Income
Tenant in Place
Building Details
Building Size
Year Built
Buildings
Listing Agency:
Keller Williams R. E. Services
Listed By:
Kirk Garabedian · License CA #01216376
(818) 588-0072
Source:
Archetyperealty
Added: Oct 29
Changed: Nov 13
Last Checked: Nov 12 at 5:44PM
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 Keller Williams R. E. Services
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Investment Insights
Based on property information with market context.
Built in 2021, this Los Angeles triplex contains three residences, each arranged with four bedrooms and four bathrooms. The property is fully leased and was described for co-living rental use.
The building is in the USC and Exposition Park area, near public transportation, shopping, dining, and major employment centers.
The building is in the USC and Exposition Park area, near public transportation, shopping, dining, and major employment centers.
Key Highlights
- Three residences, constructed in 2021
- Each unit has 4 bedrooms and 4 bathrooms
- Currently fully leased
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$90,514
Cap Rate
6.03%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,810,280
$1.8M
Cap Rate 7%
$1,293,057
$1.3M
Cap Rate 9%
$1,005,711
$1.0M
Market Conditions
NOI Build-Up for 5,183 SF
Gross rent
$139.9K $27.00/SF
− Vacancy
−$10.6K −$2.05/SF
EGI
$129.3K $24.95/SF
− OpEx
−$38.8K −$7.48/SF
NOI
$90.5K $17.46/SF
Area
Los Angeles County, CA
Vacancy
7.60%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,810,280
Cap Rate 7%
$1,293,057
Cap Rate 9%
$1,005,711
Alternative Uses
Best Use
Multifamily LT 5
$1.29M
$1.13M – $1.51M
NOI $90,514 @ 7.0% cap · market cap 6.03%
Second Best
Apartment 5plus
$1.19M
$1.04M – $1.39M
NOI $83,399 @ 7.0% cap · market cap 5.56%
Theoretical Best
Office A
$2.16M
$1.89M – $2.52M
NOI $151,478 @ 7.0% cap · market cap 10.10%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
3
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,306
Businesses Nearby
Explore this area
Business Placement
Demographics for 90007, CA
40,944
Population
14,153
Households
2.9
Avg Household Size
28
Median Age
29%
College-Educated
63%
High-School Grad
2.4 sq mi
ZIP Area
17,060
Density / Sq Mi
$36,032
Median Household Income
$21,176
Median Earnings
$1,480
Median Rent
$852,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Triplexes in Los Angeles, CA
Properties on Market for Triplexes in Los Angeles
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Triplex - Each residence has four bedrooms and four bathrooms, a layout suited to co-living rentals.
Where is this triplex located?
The property is located at 1236 W 37th Place Los Angeles, CA.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Three residences, constructed in 2021; Each unit has 4 bedrooms and 4 bathrooms; Currently fully leased
