Duplex Property with Permitted
New
For Sale
$1,249,000
15943 Vermont, Paramount, CA 90723
Income property with updated interiors, a permitted accessory dwelling unit, and substantial garage and storage improvements.
Property Size2,088 SF
Lot Size0.17 Acres
Price / SF$598.18
Days on Market4
Property Features for 15943 Vermont
General Information
Standard status
Active
Size
2,088 SF
Lot size
0.17 Acres
Property subtype
Duplex
Units
Unit Mix
1 x 2BR/1BA, 1 x 1BR/1BA
Multifamily Units
3
Building Details
Building Size
2,088 SF
Year Built
1922
Buildings
5
Listing Agency:
Home Base Realty Inc
Listed By:
Rod Austin · License #01944483
(562) 202-4000
Source:
Archetyperealty
Added: Sep 16
Changed: Sep 18
Last Checked: Sep 18 at 2:16PM
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 Home Base Realty Inc
Investment Insights
Based on property information with market context.
This duplex property includes 2,088 sq ft of living space across three residential buildings on a 7,500 sq ft lot. One unit has a remodeled kitchen and bathroom, updated flooring, and fresh paint. The second unit features newer flooring and an upgraded bathroom. A fully permitted ADU adds custom cabinetry, quartz countertops, stainless steel appliances, recessed lighting, engineered flooring, and a new bathroom with a tub and shower combination. Central heat and AC serve the ADU, which also benefits from new plumbing, electrical work, and roofing.
The lot contains five buildings, including a single-car garage assigned to the front house and a large storage/garage structure. The property is landscaped and well maintained, with alley access. Built in 1922, the improvements provide a combination of residential units, accessory space, and substantial ancillary storage.
The lot contains five buildings, including a single-car garage assigned to the front house and a large storage/garage structure. The property is landscaped and well maintained, with alley access. Built in 1922, the improvements provide a combination of residential units, accessory space, and substantial ancillary storage.
Key Highlights
- 2,088 sq ft of living space on a 7,500 sq ft lot
- Duplex plus a fully permitted ADU
- Five buildings occupy the property
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
$36,464
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
2.92%
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%
$729,280
$729.3K
Cap Rate 7%
$520,914
$520.9K
Cap Rate 9%
$405,156
$405.2K
Market Conditions
NOI Build-Up for 2,088 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
$56.4K $27.00/SF
− Vacancy
−$4.3K −$2.05/SF
EGI
$52.1K $24.95/SF
− OpEx
−$15.6K −$7.48/SF
NOI
$36.5K $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%
$729,280
Cap Rate 7%
$520,914
Cap Rate 9%
$405,156
Alternative Uses
Best Use
Multifamily LT 5
$520.9K
$455.8K – $607.7K
NOI $36,464 @ 7.0% cap · market cap 2.92%
Second Best
Apartment 5plus
$480.0K
$420.0K – $560.0K
NOI $33,598 @ 7.0% cap · market cap 2.69%
Theoretical Best
Office A
$1.12M
$978.2K – $1.30M
NOI $78,253 @ 7.0% cap · market cap 6.27%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,644
Businesses Nearby
Explore this area
Business Placement
Demographics for 90723, CA
53,770
Population
14,585
Households
3.7
Avg Household Size
33
Median Age
13%
College-Educated
66%
High-School Grad
4.7 sq mi
ZIP Area
11,440
Density / Sq Mi
$70,912
Median Household Income
$35,032
Median Earnings
$1,772
Median Rent
$500,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Duplex - Income property with updated interiors, a permitted accessory dwelling unit, and substantial garage and storage improvements.
Where is this duplex located?
The property is located at 15943 Vermont Paramount, CA.
What is the asking price?
The asking price for this property is $1,249,000.
What are key features of this property?
This property features: 2,088 sq ft of living space on a 7,500 sq ft lot; Duplex plus a fully permitted ADU; Five buildings occupy the property
