Four-Unit Residential Income
New
For Sale
$949,000
721 W 54th St, Los Angeles, CA 90037
Well-maintained quadplex with three currently vacant units, four total parking spaces, and multiple balcony-equipped units.
Days on Market6
Property Features for 721 W 54th St
General Information
Standard status
Active
Property subtype
Investment
Building Details
Building Size
3,616 SF
Year Built
1965
Listing Agency:
(310) 614-7669
Listed By:
Denise Waters
(310) 614-7669
Source:
Elliman
Added: Jul 25
Changed: Jul 26
Last Checked: Jul 30 at 12:05PM
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 Denise Waters
Investment Insights
Based on property information with market context.
This well-maintained four-unit residential income property offers immediate flexibility with three vacant units ready for occupancy or lease-up. The unit mix includes three 2-bedroom, 1-bath units and one larger 2-bedroom, 2-bath unit with a private en-suite bath. Each unit includes a range, and select units include refrigerators. The property also provides four on-site parking spaces, with two upstairs units featuring private balconies.
The property is conveniently located near schools, shopping, transportation, and major freeways.
With a balanced 2-bedroom layout across the majority of units and outdoor balcony space in select upstairs apartments, the building presents a straightforward residential income configuration for an owner-occupant or an investor seeking rental revenue with near-term leasing availability.
The property is conveniently located near schools, shopping, transportation, and major freeways.
With a balanced 2-bedroom layout across the majority of units and outdoor balcony space in select upstairs apartments, the building presents a straightforward residential income configuration for an owner-occupant or an investor seeking rental revenue with near-term leasing availability.
Key Highlights
- Four‑unit quadplex built in 1965 with 3 currently vacant units for occupancy or lease‑up
- Unit mix: three 2 bed, 1 bath units plus one 2 bed, 2 bath unit with private en‑suite bath
- Each unit includes a range; select units include refrigerators
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 | $88.5k | $24.48 |
| − Vacancy | −$2.2k | −$0.61 |
| EGI | $86.3k | $23.87 |
| − OpEx | −$25.9k | −$7.16 |
| NOI | $60.4k | $16.71 |
3,616 SF · lease $24.48/SF/yr · vacancy 2.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$863.1K
$755.2K – $1.01M
NOI $60,415 @ 7.0% cap · market cap 6.37%
Second Best
Apartment 5plus
$767.1K
$671.2K – $895.0K
NOI $53,697 @ 7.0% cap · market cap 5.66%
Theoretical Best
Office A
$1.42M
$1.24M – $1.65M
NOI $99,182 @ 7.0% cap · market cap 10.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,560
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Quadplex - Well-maintained quadplex with three currently vacant units, four total parking spaces, and multiple balcony-equipped units.
Where is this quadplex located?
The property is located at 721 W 54th St Los Angeles, CA.
What is the asking price?
The asking price for this property is $949,000.
What are key features of this property?
This property features: Four‑unit quadplex built in 1965 with 3 currently vacant units for occupancy or lease‑up; Unit mix: three 2 bed, 1 bath units plus one 2 bed, 2 bath unit with private en‑suite bath; Each unit includes a range; select units include refrigerators
