Three-Unit Property with Four-Car
New
For Sale
$2,000,000
3830 S Figueroa St, Los Angeles, CA 90037
Separate gas and electrical metering serves the three residences, each with interior laundry hookups.
Property Size3,584 SF
Days on Market2
Property Features for 3830 S Figueroa St
General Information
Standard status
Active
Size
3,584 SF
Total Parking Spaces
4
Property subtype
Investment
Zoning
LAC2
Site & Location
Public Transit
Yes
Utilities to Site
Yes
Units
Unit Mix
1 x 3BR/1BA, 2 x 1BR/1BA
Multifamily Units
3
Amenities
inside laundry hookups
Building Details
Building Size
3,584 SF
Year Built
1923
Stories
2
Units
3
Listing Agency:
Ontrak Real Estate
(310) 429-4984
Listed By:
Maria Rissler · License #01701684
(310) 429-4984
Source:
Elliman
Added: Aug 5
Changed: Aug 6
Last Checked: Aug 6 at 8:28AM
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 Ontrak Real Estate
Investment Insights
Based on property information with market context.
This 1923 triplex contains three residences arranged across two levels. The upper unit offers 3 bedrooms and 1 bathroom, while the two lower units each have 1 bedroom and 1 bathroom. Every residence includes hookups for an in-unit laundry setup. The property also provides a four-car garage, three gas meters, three electrical meters, and one water meter. Zoning is LAC2, and all three units are currently unoccupied.
The property is across from BMO Stadium and the Expo Center, with the Los Angeles Memorial Coliseum, Natural History Museum, California African American Museum, California Science Center, and Lucas Museum Narrative Art nearby. The University of Southern California is within walking distance. WalkScore is 74, BikeScore is 78, and TransitScore is 61.
The property is across from BMO Stadium and the Expo Center, with the Los Angeles Memorial Coliseum, Natural History Museum, California African American Museum, California Science Center, and Lucas Museum Narrative Art nearby. The University of Southern California is within walking distance. WalkScore is 74, BikeScore is 78, and TransitScore is 61.
Key Highlights
- Three‑unit layout with one 3‑bedroom/1‑bath upstairs residence and two 1‑bedroom/1‑bath downstairs residences
- Four‑car garage included
- Three gas meters, three electrical meters, and one water meter
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
$59,880
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
2.99%
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%
$1,197,600
$1.2M
Cap Rate 7%
$855,429
$855.4K
Cap Rate 9%
$665,333
$665.3K
Market Conditions
NOI Build-Up for 3,584 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
$87.7K $24.48/SF
− Vacancy
−$2.2K −$0.61/SF
EGI
$85.5K $23.87/SF
− OpEx
−$25.7K −$7.16/SF
NOI
$59.9K $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 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%
$1,197,600
Cap Rate 7%
$855,429
Cap Rate 9%
$665,333
Alternative Uses
Best Use
Multifamily LT 5
$855.4K
$748.5K – $998.0K
NOI $59,880 @ 7.0% cap · market cap 2.99%
Second Best
Apartment 5plus
$760.3K
$665.3K – $887.0K
NOI $53,222 @ 7.0% cap · market cap 2.66%
Theoretical Best
Office A
$1.40M
$1.23M – $1.64M
NOI $98,304 @ 7.0% cap · market cap 4.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
3
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,948
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
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Frequently Asked Questions
What type of property is this?
Triplex - Separate gas and electrical metering serves the three residences, each with interior laundry hookups.
Where is this triplex located?
The property is located at 3830 S Figueroa St Los Angeles, CA.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: Three‑unit layout with one 3‑bedroom/1‑bath upstairs residence and two 1‑bedroom/1‑bath downstairs residences; Four‑car garage included; Three gas meters, three electrical meters, and one water meter
