Two-Unit Multifamily
150 E 70th ST, Los Angeles, CA 90003
For Sale
New
$824,900
A three-bedroom front residence and two-bedroom rear residence share a lot with driveway parking and a backyard.
Property Size1,505 SF
Days on Market4
Property Features for 150 E 70th ST
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Units
Unit Mix
Multifamily Units
Building Details
Building Size
Year Built
Listing Agency:
Century 21 Allstars
Listed By:
Luis Martinez · License CA #01234365
(213) 480-7523
Source:
Milsteinestates
Added: Nov 6
Changed: Nov 8
Last Checked: Nov 8 at 5:43PM
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 Century 21 Allstars
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Investment Insights
Based on property information with market context.
Built in 1924, this Los Angeles property contains two residences on one lot. The front home has 3 bedrooms and 2 bathrooms; the rear home has 2 bedrooms and 1 bathroom. A long driveway provides parking, and a backyard offers additional outdoor space.
Key Highlights
- Two residences occupy one lot
- Front residence has 3 bedrooms and 2 bathrooms
- Rear residence has 2 bedrooms and 1 bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,217
Cap Rate
2.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$484,340
$484.3K
Cap Rate 7%
$345,957
$346.0K
Cap Rate 9%
$269,078
$269.1K
Market Conditions
NOI Build-Up for 1,505 SF
Gross rent
$47.9K $31.80/SF
− Vacancy
−$3.8K −$2.54/SF
EGI
$44.0K $29.26/SF
− OpEx
−$19.8K −$13.17/SF
NOI
$24.2K $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%
$484,340
Cap Rate 7%
$345,957
Cap Rate 9%
$269,078
Alternative Uses
Best Use
Apartment 5plus
$346.0K
$302.7K – $403.6K
NOI $24,217 @ 7.0% cap · market cap 2.94%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$613.2K
$536.5K – $715.4K
NOI $42,923 @ 7.0% cap · market cap 5.20%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,394
Businesses Nearby
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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
$547,600
Median Home Value
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Market
Average Price Trend$/SF for Multifamily properties in Los Angeles, CA
Properties on Market for Multifamily properties in Los Angeles
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Multifamily property - A three-bedroom front residence and two-bedroom rear residence share a lot with driveway parking and a backyard.
Where is this multifamily property located?
The property is located at 150 E 70th ST Los Angeles, CA.
What is the asking price?
The asking price for this property is $824,900.
What are key features of this property?
This property features: Two residences occupy one lot; Front residence has 3 bedrooms and 2 bathrooms; Rear residence has 2 bedrooms and 1 bathroom
