Renovated Triplex with Private
For Sale
$699,000
Pending
1933 Taylor Street, Hollywood, FL 33020
Renovated 1920s mission-style triplex with impact windows and two rear income units with private entrances and parking.
Property Size1,215 SF
Days on Market78
Property Features for 1933 Taylor Street
General Information
Standard status
Pending
Size
1,215 SF
Property subtype
Residential Income
Zoning
RMCRA-76
Taxes and HOA fees
Annual Taxes
$13,735
Building Details
Year Built
1924
Stories
1
Listing Agency:
AZUR Realty, LLC
Listed By:
Frederic Achotegui · License #3305976
(954) 383-1829
Source:
Laerrealty
Added: Jun 22
Changed: Aug 25
Last Checked: Aug 24 at 3:15AM
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 AZUR Realty, LLC
Investment Insights
Based on property information with market context.
Charming 1920s mission-style triplex offering a beautifully renovated main home plus two separate income-producing units in the rear. The front home features wood floors, a decorative fireplace, a remodeled kitchen, impact windows and doors, and an open layout, along with a spacious primary suite with an en-suite bath and ample storage. The two rear units each have private entrances and include parking for added convenience.
The property is fully fenced with tropical landscaping, fruit trees, and inviting terraces that help create a private, serene setting. Located in the heart of East Hollywood, it is described as just steps from Young Circle, with dining, parks, and entertainment within walking distance. No HOA and no restrictions are noted.
With the three units configured for separate access from the rear and shared grounds, the property supports multiple occupancy arrangements, including living in the front home while renting the two back units or leasing all three.
The property is fully fenced with tropical landscaping, fruit trees, and inviting terraces that help create a private, serene setting. Located in the heart of East Hollywood, it is described as just steps from Young Circle, with dining, parks, and entertainment within walking distance. No HOA and no restrictions are noted.
With the three units configured for separate access from the rear and shared grounds, the property supports multiple occupancy arrangements, including living in the front home while renting the two back units or leasing all three.
Key Highlights
- 1924 renovated mission‑style triplex with wood floors, decorative fireplace, and remodeled kitchen
- Impact windows and doors in the main home
- Spacious primary suite with en‑suite bath plus ample storage
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
$21,769
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
3.11%
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%
$435,380
$435.4K
Cap Rate 7%
$310,986
$311.0K
Cap Rate 9%
$241,878
$241.9K
Market Conditions
NOI Build-Up for 1,215 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
$32.8K $27.00/SF
− Vacancy
−$1.7K −$1.40/SF
EGI
$31.1K $25.60/SF
− OpEx
−$9.3K −$7.68/SF
NOI
$21.8K $17.92/SF
Area
Hollywood, FL
Vacancy
5.20%
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%
$435,380
Cap Rate 7%
$310,986
Cap Rate 9%
$241,878
Alternative Uses
Best Use
Multifamily LT 5
$311.0K
$272.1K – $362.8K
NOI $21,769 @ 7.0% cap · market cap 3.11%
Second Best
Apartment 5plus
$289.3K
$253.2K – $337.5K
NOI $20,252 @ 7.0% cap · market cap 2.90%
Theoretical Best
Office A
$475.3K
$415.9K – $554.5K
NOI $33,272 @ 7.0% cap · market cap 4.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3,566
Businesses Nearby
Explore this area
Business Placement
Demographics for 33020, FL
45,044
Population
22,508
Households
2
Avg Household Size
41
Median Age
29%
College-Educated
89%
High-School Grad
6.0 sq mi
ZIP Area
7,507
Density / Sq Mi
$52,535
Median Household Income
$32,449
Median Earnings
$1,444
Median Rent
$306,700
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Renovated 1920s mission-style triplex with impact windows and two rear income units with private entrances and parking.
Where is this triplex located?
The property is located at 1933 Taylor Street Hollywood, FL.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: 1924 renovated mission‑style triplex with wood floors, decorative fireplace, and remodeled kitchen; Impact windows and doors in the main home; Spacious primary suite with en‑suite bath plus ample storage
