Remodeled Triplex with Separate
1257 W Vernon Los Angeles, CA 90037
For Sale
$1,200,000
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$420.46
Days on Market86
Property Features for 1257 W Vernon
General Information
- Standard status
- Active
- Size
- 2,854 SF
- Property subtype
- Investment
Building Details
- Year Built
- 1958
Listing Agency:
Listed By:
Luis Moran
Source:
Elliman
Added: Apr 29
Changed: Jul 23
Last Checked: Jul 23 at 11:15AM
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 Luis Moran
Investment Insights
Based on property information with market context.
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 For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $69.9k | $24.48 |
| − Vacancy | −$1.7k | −$0.61 |
| EGI | $68.1k | $23.87 |
| − OpEx | −$20.4k | −$7.16 |
| NOI | $47.7k | $16.71 |
2,854 SF · lease $24.48/SF/yr · vacancy 2.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$681.2K
$596.0K – $794.7K
NOI $47,683 @ 7.0% cap · market cap 3.97%
Second Best
Apartment 5plus
$605.4K
$529.8K – $706.4K
NOI $42,381 @ 7.0% cap · market cap 3.53%
Theoretical Best
Office A
$1.12M
$978.5K – $1.30M
NOI $78,281 @ 7.0% cap · market cap 6.52%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
FAQs
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 $1,200,000.
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
