Whittier Triplex on Large
For Sale
$1,150,000
12718 Shreve Road, Whittier, CA 90602
Triplex with strong income potential in desirable Whittier neighborhood.
Property Size2,703 SF
Lot Size0.23 Acres
Price / SF$425.45
Days on Market738
Property Features for 12718 Shreve Road
General Information
Standard status
Active
Size
2,703 SF
Total Parking Spaces
7
Lot size
0.23 Acres
Property subtype
Residential Income
Zoning
WHR2*
Net Operating Income
$72,000
Building Details
Year Built
1960
Buildings
3
Units
3
Listing Agency:
HOMEGROWN WEALTH INC.
(626) 456-1911
Listed By:
JONSON NGUYEN · License #01840344
(626) 456-1911
Source:
Compass
Added: Aug 23, 2024
Changed: Aug 27
Last Checked: Aug 29 at 3:48PM
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 HOMEGROWN WEALTH INC.
Investment Insights
Based on property information with market context.
This triplex, located in a desirable Whittier neighborhood, features a total of 2,703 square feet of living space distributed across multiple rental units. Each unit has its own address and a garage for parking and storage. The property is situated on a lot of over 9,867 square feet. The units are currently occupied, generating strong monthly income, making it suitable for investors seeking long-term returns. Its location provides convenient access to schools, shopping centers, and major freeways.
Key Highlights
- Strong monthly rental income from multiple units.
- Large 9,867+ sq ft lot size.
- Triplex with 2,703 total sq ft of living space.
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
$47,204
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
4.10%
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%
$944,080
$944.1K
Cap Rate 7%
$674,343
$674.3K
Cap Rate 9%
$524,489
$524.5K
Market Conditions
NOI Build-Up for 2,703 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
$73.0K $27.00/SF
− Vacancy
−$5.5K −$2.05/SF
EGI
$67.4K $24.95/SF
− OpEx
−$20.2K −$7.48/SF
NOI
$47.2K $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 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%
$944,080
Cap Rate 7%
$674,343
Cap Rate 9%
$524,489
Alternative Uses
Best Use
Multifamily LT 5
$674.3K
$590.1K – $786.7K
NOI $47,204 @ 7.0% cap · market cap 4.10%
Second Best
Apartment 5plus
$621.3K
$543.7K – $724.9K
NOI $43,493 @ 7.0% cap · market cap 3.78%
Theoretical Best
Office A
$1.45M
$1.27M – $1.69M
NOI $101,302 @ 7.0% cap · market cap 8.81%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
956
Businesses Nearby
Explore this area
Business Placement
Demographics for 90602, CA
25,521
Population
8,514
Households
3
Avg Household Size
36
Median Age
22%
College-Educated
85%
High-School Grad
3.8 sq mi
ZIP Area
6,716
Density / Sq Mi
$67,259
Median Household Income
$37,237
Median Earnings
$1,719
Median Rent
$729,300
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Triplex with strong income potential in desirable Whittier neighborhood.
Where is this triplex located?
The property is located at 12718 Shreve Road Whittier, 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: Strong monthly rental income from multiple units.; Large 9,867+ sq ft lot size.; Triplex with 2,703 total sq ft of living space.
