Mixed-Use Parcel with Income
For Sale
$999,000
4203 Huntington Drive North, Los Angeles, CA 90032
Mixed-use property featuring commercial and residential units, tenant occupied.
Property Size3,930 SF
Price / SF$254.20
Days on Market608
Property Features for 4203 Huntington Drive North
General Information
Standard status
Active
Size
3,930 SF
Property subtype
Commercial Sale / Mixed Use
Building Details
Year Built
1958
Buildings
3
Listing Agency:
BERKSHIRE HATHAWAY HOMESERVICES Crest Real Estate
(818) 248-9100
Listed By:
Linda Knutson · License #01488675
(818) 248-9100
Source:
Compass
Added: Dec 8, 2024
Changed: Aug 8
Last Checked: Aug 8 at 5:43AM
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 BERKSHIRE HATHAWAY HOMESERVICES Crest Real Estate
Investment Insights
Based on property information with market context.
This mixed-use parcel comprises three structures. A commercial building spans 1,136 square feet and is currently under lease. An office building, measuring 1,504 square feet, is configured as two residential units; one is tenant-occupied under lease, while the other is occupied by a family member. Additionally, there is a 1,290-square-foot duplex, with one unit occupied and the other vacant. The property is being sold in as-is condition with existing tenants.
Key Highlights
- Mixed‑use parcel featuring a commercial building, office building, and duplex.
- Existing leases provide immediate income stream.
- Commercial building with 1,136 sq.ft. is under lease.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$79,583
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.97%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,591,660
$1.6M
Cap Rate 7%
$1,136,900
$1.1M
Cap Rate 9%
$884,256
$884.3K
Market Conditions
NOI Build-Up for 3,930 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$141.5K $36.00/SF
− Vacancy
−$14.1K −$3.60/SF
EGI
$127.3K $32.40/SF
− OpEx
−$47.7K −$12.15/SF
NOI
$79.6K $20.25/SF
Area
Los Angeles, CA
Vacancy
10.00%
Lease Rate
$36.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,591,660
Cap Rate 7%
$1,136,900
Cap Rate 9%
$884,256
Alternative Uses
Best Use
Multifamily LT 5
$79.62M
$69.67M – $92.89M
NOI $5,573,361 @ 7.0% cap · market cap 557.89%
Second Best
Apartment 5plus
$69.48M
$60.79M – $81.06M
NOI $4,863,587 @ 7.0% cap · market cap 486.85%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
701
Businesses Nearby
Explore this area
Business Placement
Demographics for 90032, CA
43,506
Population
14,139
Households
3.1
Avg Household Size
37
Median Age
25%
College-Educated
71%
High-School Grad
4.8 sq mi
ZIP Area
9,064
Density / Sq Mi
$81,563
Median Household Income
$38,223
Median Earnings
$1,571
Median Rent
$780,100
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use property featuring commercial and residential units, tenant occupied.
Where is this mixed-use property located?
The property is located at 4203 Huntington Drive North Los Angeles, CA.
What is the asking price?
The asking price for this property is $999,000.
What are key features of this property?
This property features: Mixed‑use parcel featuring a commercial building, office building, and duplex.; Existing leases provide immediate income stream.; Commercial building with 1,136 sq.ft. is under lease.
