Remodeled Triplex with Separate
For Sale
$1,150,000
1257 W Vernon, Los Angeles, CA 90037
Remodeled triplex featuring three units, five rear uncovered spaces, and separate electrical, gas, and tankless water heaters per unit.
Property Size2,854 SF
Price / SF$402.94
Days on Market191
Property Features for 1257 W Vernon
General Information
Standard status
Active
Size
2,854 SF
Total Parking Spaces
6
Property subtype
Triplex
Site & Location
Neighborhood
Vermont Square
Additional Details
Multifamily Units
3
Building Details
Building Size
2,854 SF
Year Built
1958
Listing Agency:
Global Premier Properties, Inc.
Listed By:
Luis Moran · License #02168121
Source:
Archetyperealty
Added: Apr 16
Changed: Oct 18
Last Checked: Oct 21 at 7:17AM
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 Global Premier Properties, Inc.
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Investment Insights
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This remodeled triplex includes three separate residential units. The front unit offers three bedrooms, two bathrooms, a living room, dining room, and kitchen. The second unit has two bedrooms and a full bathroom on the upper level, and is described as the only occupied unit. The third unit provides two bedrooms, a full bathroom, living and dining areas, and a full kitchen. The front unit and the third unit are vacant. Each unit has its own electrical meter, gas connection, and tankless water heaters.
The property includes five uncovered parking spaces in the rear and one additional attached parking space. The owner converted the original single-family residence into a triplex with permits in 2007.
The offering is structured around three independently metered units with completed remodels, providing a clear, turn-key layout for income-oriented buyers who want multiple separate living spaces within one property.
The property includes five uncovered parking spaces in the rear and one additional attached parking space. The owner converted the original single-family residence into a triplex with permits in 2007.
The offering is structured around three independently metered units with completed remodels, providing a clear, turn-key layout for income-oriented buyers who want multiple separate living spaces within one property.
Key Highlights
- Remodeled triplex built in 1958 with three separate units
- Front unit: 3 bedrooms and 2 bathrooms; includes living room, dining room, and kitchen
- Third unit: 2 bedrooms and 1 full bathroom; includes living/dining areas and full kitchen
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$47,683
Cap Rate
4.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$953,660
$953.7K
Cap Rate 7%
$681,186
$681.2K
Cap Rate 9%
$529,811
$529.8K
Market Conditions
NOI Build-Up for 2,854 SF
Gross rent
$69.9K $24.48/SF
− Vacancy
−$1.7K −$0.61/SF
EGI
$68.1K $23.87/SF
− OpEx
−$20.4K −$7.16/SF
NOI
$47.7K $16.71/SF
Area
ZIP 90037
Vacancy
2.50%
Lease Rate
$24.48 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$953,660
Cap Rate 7%
$681,186
Cap Rate 9%
$529,811
Alternative Uses
Best Use
Multifamily LT 5
$681.2K
$596.0K – $794.7K
NOI $47,683 @ 7.0% cap · market cap 4.15%
Second Best
Apartment 5plus
$605.4K
$529.8K – $706.4K
NOI $42,381 @ 7.0% cap · market cap 3.69%
Theoretical Best
Office A
$1.12M
$978.5K – $1.30M
NOI $78,281 @ 7.0% cap · market cap 6.81%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,176
Businesses Nearby
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Business Placement
Demographics for 90037, CA
63,706
Population
18,709
Households
3.4
Avg Household Size
33
Median Age
9%
College-Educated
54%
High-School Grad
2.9 sq mi
ZIP Area
21,968
Density / Sq Mi
$56,417
Median Household Income
$29,857
Median Earnings
$1,438
Median Rent
$632,600
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Triplex - Remodeled triplex featuring three units, five rear uncovered spaces, and separate electrical, gas, and tankless water heaters per unit.
Where is this triplex located?
The property is located at 1257 W Vernon Los Angeles, CA.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: Remodeled triplex built in 1958 with three separate units; Front unit: 3 bedrooms and 2 bathrooms; includes living room, dining room, and kitchen; Third unit: 2 bedrooms and 1 full bathroom; includes living/dining areas and full kitchen
