7-Unit Apartment
148 W 71st ST, Los Angeles, CA 90003
For Sale
$1,699,000
Six one-bedroom apartments are complemented by a separate two-bedroom house.
Property Size3,556 SF
Lot Size0.25 Acres
Days on Market8
Property Features for 148 W 71st ST
General Information
Standard status
Size
Lot size
Property subtype
Site & Location
Neighborhood
Highway Access
Public Transit
Units
Unit Mix
Multifamily Units
Building Details
Building Size
Year Built
Buildings
Listing Agency:
Property Masters Realty
Listed By:
Nicholas Cosfol · License CA #02022158
Source:
Milsteinestates
Added: Nov 7
Changed: Nov 12
Last Checked: Nov 12 at 5:40PM
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 Property Masters Realty
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This Los Angeles multifamily property comprises seven units across two buildings on separate parcels. The unit mix includes six one-bedroom apartments and one detached two-bedroom house. The buildings date to 1924 and 1939, and each parcel contains a 5,489-square-foot lot.
Key Highlights
- Seven units across two buildings on separate parcels
- Unit mix: six 1‑bedroom apartments and one separate 2‑bedroom house
- Each parcel has a 5,489‑square‑foot lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$57,219
Cap Rate
3.37%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,144,380
$1.1M
Cap Rate 7%
$817,414
$817.4K
Cap Rate 9%
$635,767
$635.8K
Market Conditions
NOI Build-Up for 3,556 SF
Gross rent
$113.1K $31.80/SF
− Vacancy
−$9.0K −$2.54/SF
EGI
$104.0K $29.26/SF
− OpEx
−$46.8K −$13.17/SF
NOI
$57.2K $16.09/SF
Area
Los Angeles County, CA
Vacancy
8.00%
Lease Rate
$31.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,144,380
Cap Rate 7%
$817,414
Cap Rate 9%
$635,767
Alternative Uses
Best Use
Apartment 5plus
$817.4K
$715.2K – $953.7K
NOI $57,219 @ 7.0% cap · market cap 3.37%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.45M
$1.27M – $1.69M
NOI $101,419 @ 7.0% cap · market cap 5.97%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
7
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,391
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
$547,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Apartment buildings in Los Angeles, CA
Properties on Market for Apartment buildings in Los Angeles
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Six one-bedroom apartments are complemented by a separate two-bedroom house.
Where is this apartment building located?
The property is located at 148 W 71st ST Los Angeles, CA.
What is the asking price?
The asking price for this property is $1,699,000.
What are key features of this property?
This property features: Seven units across two buildings on separate parcels; Unit mix: six 1‑bedroom apartments and one separate 2‑bedroom house; Each parcel has a 5,489‑square‑foot lot
