Triplex with Off-Street
For Sale
$949,000
Pending
13361 Beach Ave, Marina del Rey, CA 90292
Three 1-bedroom, 1-bath units with full kitchens and off-street parking; one unit can be vacant at close.
Property Size1,691 SF
Days on Market151
Property Features for 13361 Beach Ave
General Information
Standard status
Pending
Size
1,691 SF
Property subtype
MULTI_FAMILY
Occupancy
100%
Additional Details
Multifamily Units
3
Building Details
Building Size
1,691 SF
Year Built
1955
Tenancy
Multi
Listing Agency:
TruLine Realty
Listed By:
Sierus Erdelyi · License #01870547
Source:
Adambrawerestates
Added: Mar 25
Changed: Aug 7
Last Checked: Jul 29 at 10:52AM
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 TruLine Realty
Investment Insights
Based on property information with market context.
This for-sale triplex features three separate residential units, each offering one bedroom, one bathroom, and a full kitchen. The property is set up for off-street parking with a garage and driveway, an added convenience in a coastal rental market. The seller indicates the property can be delivered with one unit vacant at close of escrow, while the remaining units are described as currently leased.
Located in Marina del Rey, the asset is positioned to serve tenants who want access to the area’s marina, beaches, dining, and retail. The remarks also note convenient access to major thoroughfares and transit, which can support everyday commuting and overall tenant practicality.
For investors, this configuration provides in-place tenancy across the building with a delivery option that may allow for flexibility at closing. For owner-operators or buyers evaluating live-and-rent scenarios, the ability to receive one unit vacant at escrow can simplify immediate occupancy planning. Across both cases, the off-street garage and driveway can be a meaningful day-to-day benefit for residents, helping reduce reliance on on-street parking.
Located in Marina del Rey, the asset is positioned to serve tenants who want access to the area’s marina, beaches, dining, and retail. The remarks also note convenient access to major thoroughfares and transit, which can support everyday commuting and overall tenant practicality.
For investors, this configuration provides in-place tenancy across the building with a delivery option that may allow for flexibility at closing. For owner-operators or buyers evaluating live-and-rent scenarios, the ability to receive one unit vacant at escrow can simplify immediate occupancy planning. Across both cases, the off-street garage and driveway can be a meaningful day-to-day benefit for residents, helping reduce reliance on on-street parking.
Key Highlights
- Fully leased triplex built in 1955 with three 1‑bedroom, 1‑bath units
- Each unit includes a full kitchen, supporting functional layout and tenant demand
- Garage and driveway provide off‑street parking for tenants
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
$29,531
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
3.11%
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%
$590,620
$590.6K
Cap Rate 7%
$421,871
$421.9K
Cap Rate 9%
$328,122
$328.1K
Market Conditions
NOI Build-Up for 1,691 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
$45.7K $27.00/SF
− Vacancy
−$3.5K −$2.05/SF
EGI
$42.2K $24.95/SF
− OpEx
−$12.7K −$7.48/SF
NOI
$29.5K $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%
$590,620
Cap Rate 7%
$421,871
Cap Rate 9%
$328,122
Alternative Uses
Best Use
Multifamily LT 5
$421.9K
$369.1K – $492.2K
NOI $29,531 @ 7.0% cap · market cap 3.11%
Second Best
Apartment 5plus
$388.7K
$340.1K – $453.5K
NOI $27,210 @ 7.0% cap · market cap 2.87%
Theoretical Best
Office A
$905.4K
$792.2K – $1.06M
NOI $63,375 @ 7.0% cap · market cap 6.68%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
3,478
Businesses Nearby
Explore this area
Business Placement
Demographics for 90292, CA
27,681
Population
16,878
Households
1.6
Avg Household Size
40
Median Age
73%
College-Educated
97%
High-School Grad
2.1 sq mi
ZIP Area
13,181
Density / Sq Mi
$136,964
Median Household Income
$95,175
Median Earnings
$3,501
Median Rent
$1,233,700
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 - Three 1-bedroom, 1-bath units with full kitchens and off-street parking; one unit can be vacant at close.
Where is this triplex located?
The property is located at 13361 Beach Ave Marina del Rey, 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: Fully leased triplex built in 1955 with three 1‑bedroom, 1‑bath units; Each unit includes a full kitchen, supporting functional layout and tenant demand; Garage and driveway provide off‑street parking for tenants
