Residential Income Property with Updated
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For Sale
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1624 Murchison St, Los Angeles, CA 90033
Los Angeles, CA
Property Size680 SF
Lot Size0.17 Acres
Price / SF$3.16
Days on Market2
Property Features for 1624 Murchison St
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Bedrooms
2
Bathrooms
1
Full bathrooms
1
Rooms
Bedroom 2, Bedroom 1, Bathroom 1
Parking
2
Parking features
Assigned
Lot features
Level with Street
Elementary school district
Los Angeles Unified
Middle school district
Los Angeles Unified
High school district
Los Angeles Unified
Directions
1624 Murchison St
Subdivision
BOYH - Boyle Heights
Standard status
Active
APN
5202023005
Size
680 SF
Lot size
0.17 Acres
Utilities
Sewer type
Public Sewer
Water source
Public
Amenities
gated access
assigned parking
Building Details
Year built
1922
Floors in Building
1
Number of units
3
Listing Agency:
REAL BROKERAGE TECHNOLOGIES
(619) 663-8680
Listed By:
Alexis Gamino · License #02337111
(909) 377-6016
Added: Oct 28
Last Checked: Oct 29 at 6:06AM
MLS# CV26232752
Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
Set at the rear of the property, this 680-square-foot residential unit dates to 1922 and has two bedrooms and one bathroom. Interior improvements include luxury vinyl flooring and a remodeled kitchen with blue-gray cabinetry, new countertops, recessed lighting, and ample storage and work surfaces.
The unit has gated access and assigned parking. Public water and public sewer serve the property.
The unit has gated access and assigned parking. Public water and public sewer serve the property.
Key Highlights
- Rear residential unit with 680 square feet
- Two bedrooms and one bathroom
- Remodeled kitchen with blue‑gray cabinetry, new countertops, and recessed lighting
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$841,537
Suggested Prices Based on Cap Rates
Cap Rate 5%
$16,830,740
$16.8M
Cap Rate 7%
$12,021,957
$12.0M
Cap Rate 9%
$9,350,411
$9.4M
Market Conditions
NOI Build-Up for 680 SF
Gross rent
$1.54M $2,265.96/SF
− Vacancy
−$10.8K −$15.86/SF
EGI
$1.53M $2,250.10/SF
− OpEx
−$688.5K −$1,012.54/SF
NOI
$841.5K $1,237.55/SF
Area
Los Angeles, CA
Vacancy
0.70%
Lease Rate
$2,265.96 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$16,830,740
Cap Rate 7%
$12,021,957
Cap Rate 9%
$9,350,411
Alternative Uses
Best Use
Apartment 5plus
$12.02M
$10.52M – $14.03M
NOI $841,537 @ 7.0% cap · market cap 39,141.26%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$13.78M
$12.05M – $16.07M
NOI $964,347 @ 7.0% cap · market cap 44,853.35%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
2,515
Businesses Nearby
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Business Placement
Demographics for 90033, CA
46,081
Population
13,874
Households
3.3
Avg Household Size
32
Median Age
14%
College-Educated
54%
High-School Grad
3.3 sq mi
ZIP Area
13,964
Density / Sq Mi
$56,001
Median Household Income
$29,600
Median Earnings
$1,391
Median Rent
$669,500
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - A rear residential unit pairs gated entry with assigned parking and a refreshed interior.
Where is this residential income property located?
The property is located at 1624 Murchison St Los Angeles, CA.
What are key features of this property?
This property features: Rear residential unit with 680 square feet; Two bedrooms and one bathroom; Remodeled kitchen with blue‑gray cabinetry, new countertops, and recessed lighting
