Duplex with Secured Garage
For Sale
Contact for pricing
146-148 W 93rd Street, Los Angeles, CA 90003
One residence will be delivered vacant, while both units offer modern finishes and in-unit laundry hookups.
Property Size3,706 SF
Price / SF$290.07
Days on Market8
Property Features for 146-148 W 93rd Street
General Information
Standard status
Active
Size
3,706 SF
Class
B
Total Parking Spaces
3
Property subtype
Multifamily
Occupancy
50%
Investment Type
Owner/User
Net Operating Income
$41,943
Units
Unit Mix
2 x 5BR/3BA
Multifamily Units
2
Amenities
in-unit laundry hookups
Building Details
Year Built
2016
Buildings
1
Units
2
Tenancy
Multi
Listed By:
Chris Audish · License #02061131
Source:
Crexi
Added: Aug 3
Changed: Aug 9
Last Checked: Aug 9 at 3:06PM
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 Chris Audish
Investment Insights
Based on property information with market context.
Built in 2016, this duplex contains two 5-bedroom, 3-bathroom residences totaling 3,706 square feet. Both homes feature open-concept living areas, updated kitchens and bathrooms, modern finishes, and in-unit laundry hookups. Three secured garage parking spaces provide dedicated off-street parking for the residents. One residence will be delivered vacant, creating immediate occupancy or leasing flexibility for the next owner.
The property is located at 146-148 W 93rd Street in Los Angeles, with access to SoFi Stadium, LAX, and Downtown Los Angeles. The duplex is not subject to the Los Angeles Rent Stabilization Ordinance (RSO), as stated in the property information. Its two-unit configuration supports both owner occupancy and full-property residential use.
The property is located at 146-148 W 93rd Street in Los Angeles, with access to SoFi Stadium, LAX, and Downtown Los Angeles. The duplex is not subject to the Los Angeles Rent Stabilization Ordinance (RSO), as stated in the property information. Its two-unit configuration supports both owner occupancy and full-property residential use.
Key Highlights
- Two 5‑bedroom, 3‑bathroom residences totaling 3,706 square feet
- Built in 2016 with updated kitchens, bathrooms, and modern finishes
- One residence will be delivered vacant
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
$83,896
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
7.80%
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%
$1,677,920
$1.7M
Cap Rate 7%
$1,198,514
$1.2M
Cap Rate 9%
$932,178
$932.2K
Market Conditions
NOI Build-Up for 3,706 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
$122.3K $33.00/SF
− Vacancy
−$2.4K −$0.66/SF
EGI
$119.9K $32.34/SF
− OpEx
−$36.0K −$9.70/SF
NOI
$83.9K $22.64/SF
Area
ZIP 90003
Vacancy
2.00%
Lease Rate
$33.00 /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%
$1,677,920
Cap Rate 7%
$1,198,514
Cap Rate 9%
$932,178
Alternative Uses
Best Use
Apartment 5plus
$65.52M
$57.33M – $76.44M
NOI $4,586,375 @ 7.0% cap · market cap 426.64%
Second Best
Multifamily LT 5
$1.20M
$1.05M – $1.40M
NOI $83,896 @ 7.0% cap · market cap 7.80%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,360
Businesses Nearby
Explore this area
Business Placement
Demographics for 90003, CA
72,764
Population
18,349
Households
4
Avg Household Size
30
Median Age
7%
College-Educated
53%
High-School Grad
3.6 sq mi
ZIP Area
20,212
Density / Sq Mi
$54,781
Median Household Income
$30,132
Median Earnings
$1,515
Median Rent
$547,600
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?
Duplex - One residence will be delivered vacant, while both units offer modern finishes and in-unit laundry hookups.
Where is this duplex located?
The property is located at 146-148 W 93rd Street Los Angeles, CA.
What is the asking price?
The asking price for this property is $1,075,000.
What are key features of this property?
This property features: Two 5‑bedroom, 3‑bathroom residences totaling 3,706 square feet; Built in 2016 with updated kitchens, bathrooms, and modern finishes; One residence will be delivered vacant
