Four-Bedroom Owner Plus Two
For Sale
$1,550,000
Pending
155 E Emerson Avenue, Monterey Park, CA 91755
Built in 1975, this triplex includes one 4-bedroom, 3.5-bath unit and two 2-bedroom, 2-bath units.
Property Size4,028 SF
Days on Market74
Property Features for 155 E Emerson Avenue
General Information
Standard status
Pending
Size
4,028 SF
Property subtype
Triplex
Additional Details
Highway Access
Yes
Multifamily Units
3
Building Details
Building Size
4,028 SF
Year Built
1975
Listing Agency:
Compass 626-456-0056 Overview Additional information MLS R ID AR26143633 Interior features Cooling Yes Heating Yes Exterior features Lot Size 0.17 Acres Other property details Garage Yes 55+/Senior Community No Archetype Realty Request a tour Contact agent Request a tour Contact agent Listed by Garrett Chan CA DRE# 01959579 with Compass 626-456-0056
Listed By:
Garrett Chan CA DRE# 01959579 · License #01959579
(626) 456-0056
Source:
Archetyperealty
Added: Jul 1
Changed: Sep 11
Last Checked: Sep 12 at 8:13AM
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 Compass 626-456-0056 Overview Additional information MLS R ID AR26143633 Interior features Cooling Yes Heating Yes Exterior features Lot Size 0.17 Acres Other property details Garage Yes 55+/Senior Community No Archetype Realty Request a tour Contact agent Request a tour Contact agent Listed by Garrett Chan CA DRE# 01959579 with Compass 626-456-0056
Investment Insights
Based on property information with market context.
This built-in-1975 triplex offers a versatile unit mix with three separate residences. Unit A is the primary owner’s unit with four bedrooms and 3.5 bathrooms, including one bedroom on the first floor. Units B and C provide additional rental-ready space, each with two bedrooms and two bathrooms.
The property is located in Monterey Park with convenient access to shopping, dining, parks, and major freeways.
With one spacious home-style unit and two additional two-bedroom units, the configuration supports a range of residential income and owner-occupant strategies based on how the units are utilized.
The property is located in Monterey Park with convenient access to shopping, dining, parks, and major freeways.
With one spacious home-style unit and two additional two-bedroom units, the configuration supports a range of residential income and owner-occupant strategies based on how the units are utilized.
Key Highlights
- Triplex built in 1975 in Monterey Park
- Unit A: 4‑bedroom, 3.5‑bath owner’s unit with one bedroom on the first floor
- Units B & C: two 2‑bedroom, 2‑bath units
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
$70,343
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
4.54%
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%
$1,406,860
$1.4M
Cap Rate 7%
$1,004,900
$1.0M
Cap Rate 9%
$781,589
$781.6K
Market Conditions
NOI Build-Up for 4,028 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
$108.8K $27.00/SF
− Vacancy
−$8.3K −$2.05/SF
EGI
$100.5K $24.95/SF
− OpEx
−$30.1K −$7.48/SF
NOI
$70.3K $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%
$1,406,860
Cap Rate 7%
$1,004,900
Cap Rate 9%
$781,589
Alternative Uses
Best Use
Multifamily LT 5
$1.00M
$879.3K – $1.17M
NOI $70,343 @ 7.0% cap · market cap 4.54%
Second Best
Apartment 5plus
$925.9K
$810.2K – $1.08M
NOI $64,814 @ 7.0% cap · market cap 4.18%
Theoretical Best
Office A
$2.16M
$1.89M – $2.52M
NOI $150,960 @ 7.0% cap · market cap 9.74%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
3
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,827
Businesses Nearby
Explore this area
Business Placement
Demographics for 91755, CA
27,637
Population
9,316
Households
3
Avg Household Size
44
Median Age
32%
College-Educated
77%
High-School Grad
3.2 sq mi
ZIP Area
8,637
Density / Sq Mi
$74,362
Median Household Income
$37,778
Median Earnings
$1,811
Median Rent
$761,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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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 - Built in 1975, this triplex includes one 4-bedroom, 3.5-bath unit and two 2-bedroom, 2-bath units.
Where is this triplex located?
The property is located at 155 E Emerson Avenue Monterey Park, CA.
What is the asking price?
The asking price for this property is $1,550,000.
What are key features of this property?
This property features: Triplex built in 1975 in Monterey Park; Unit A: 4‑bedroom, 3.5‑bath owner’s unit with one bedroom on the first floor; Units B & C: two 2‑bedroom, 2‑bath units
