Triplex with Three
New
For Sale
$1,339,000
17 Palmetto Dr, Alhambra, CA 91801
Three residential units offer private outdoor areas and separate garage parking for each household.
Property Size3,651 SF
Price / SF$366.75
Days on Market3
Property Features for 17 Palmetto Dr
General Information
Standard status
Active
Size
3,651 SF
Total Parking Spaces
3
Property subtype
Multi-Family
Units
Unit Mix
3 x 2BR/2BA
Multifamily Units
3
Amenities
private patio
private outdoor area
Building Details
Year Built
1975
Listed By:
Accardo Real Estate Associates - AREA
(310) 686-9361
Source:
Naylorproperties
Added: Sep 4
Last Checked: Sep 6 at 7:37AM
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 Accardo Real Estate Associates - AREA
Investment Insights
Based on property information with market context.
This 1975 triplex contains 3,651 square feet and is arranged as three two-bedroom, two-bathroom units. The detached front residence includes a private patio, a spacious living room, and an upstairs bedroom area with natural light. Two additional residences are attached at the rear, and each has its own private outdoor space.
Three garages provide one dedicated garage for every unit. The property is located at 17 Palmetto Dr in Alhambra, California 91801, offering a configuration with separate living spaces and individual exterior areas across the three-unit layout.
Three garages provide one dedicated garage for every unit. The property is located at 17 Palmetto Dr in Alhambra, California 91801, offering a configuration with separate living spaces and individual exterior areas across the three-unit layout.
Key Highlights
- Three‑unit triplex with 3,651 square feet
- Each unit includes 2 bedrooms and 2 bathrooms
- Detached front unit with private patio and spacious living area
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
$63,760
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
4.76%
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%
$1,275,200
$1.3M
Cap Rate 7%
$910,857
$910.9K
Cap Rate 9%
$708,444
$708.4K
Market Conditions
NOI Build-Up for 3,651 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
$98.6K $27.00/SF
− Vacancy
−$7.5K −$2.05/SF
EGI
$91.1K $24.95/SF
− OpEx
−$27.3K −$7.48/SF
NOI
$63.8K $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%
$1,275,200
Cap Rate 7%
$910,857
Cap Rate 9%
$708,444
Alternative Uses
Best Use
Multifamily LT 5
$910.9K
$797.0K – $1.06M
NOI $63,760 @ 7.0% cap · market cap 4.76%
Second Best
Apartment 5plus
$839.3K
$734.4K – $979.1K
NOI $58,748 @ 7.0% cap · market cap 4.39%
Theoretical Best
Office A
$1.95M
$1.71M – $2.28M
NOI $136,831 @ 7.0% cap · market cap 10.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,917
Businesses Nearby
Explore this area
Business Placement
Demographics for 91801, CA
53,669
Population
21,702
Households
2.5
Avg Household Size
41
Median Age
41%
College-Educated
85%
High-School Grad
4.3 sq mi
ZIP Area
12,481
Density / Sq Mi
$85,549
Median Household Income
$47,855
Median Earnings
$1,879
Median Rent
$797,000
Median Home Value
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 - Three residential units offer private outdoor areas and separate garage parking for each household.
Where is this triplex located?
The property is located at 17 Palmetto Dr Alhambra, CA.
What is the asking price?
The asking price for this property is $1,339,000.
What are key features of this property?
This property features: Three‑unit triplex with 3,651 square feet; Each unit includes 2 bedrooms and 2 bathrooms; Detached front unit with private patio and spacious living area
