Renovated Triplex with
For Sale
$795,000
208 W 49th St, Los Angeles, CA 90037
Three residential units include a recently renovated rear apartment with air conditioning throughout.
Property Size2,198 SF
Days on Market51
Property Features for 208 W 49th St
General Information
Standard status
Active
Size
2,198 SF
Property subtype
MULTI_FAMILY
Site & Location
Neighborhood
South Los Angeles
Public Transit
Yes
Units
Unit Mix
1 x 3BR/2BA, 2 x 2BR/1BA
Multifamily Units
3
Building Details
Building Size
2,198 SF
Year Built
1910
Listing Agency:
Compass
Listed By:
Christopher Ryder · License #02007962
(626) 354-0443
Source:
Jademillsestates
Added: Sep 8
Changed: Oct 26
Last Checked: Oct 26 at 11:54PM
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
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Investment Insights
Based on property information with market context.
This 1910 triplex contains three residential units with a varied configuration. The front apartment has three bedrooms and two bathrooms, while the middle and rear apartments each offer two bedrooms and one bathroom. The rear unit has been freshly renovated and includes air conditioning in every room. Parking is also available on the property.
The property is located near USC, Exposition Park, South Park Recreation Center, public transportation, and green spaces. Downtown Los Angeles is approximately 3 miles away. Walk Score ratings are 75/100 on both Zillow and Redfin, providing additional context for the surrounding location and access.
The property is located near USC, Exposition Park, South Park Recreation Center, public transportation, and green spaces. Downtown Los Angeles is approximately 3 miles away. Walk Score ratings are 75/100 on both Zillow and Redfin, providing additional context for the surrounding location and access.
Key Highlights
- Three‑unit triplex built in 1910
- Front unit offers 3 bedrooms and 2 bathrooms
- Middle unit includes 2 bedrooms and 1 bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,723
Cap Rate
4.62%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$734,460
$734.5K
Cap Rate 7%
$524,614
$524.6K
Cap Rate 9%
$408,033
$408.0K
Market Conditions
NOI Build-Up for 2,198 SF
Gross rent
$53.8K $24.48/SF
− Vacancy
−$1.3K −$0.61/SF
EGI
$52.5K $23.87/SF
− OpEx
−$15.7K −$7.16/SF
NOI
$36.7K $16.71/SF
Area
ZIP 90037
Vacancy
2.50%
Lease Rate
$24.48 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$734,460
Cap Rate 7%
$524,614
Cap Rate 9%
$408,033
Alternative Uses
Best Use
Multifamily LT 5
$524.6K
$459.0K – $612.1K
NOI $36,723 @ 7.0% cap · market cap 4.62%
Second Best
Apartment 5plus
$466.3K
$408.0K – $544.0K
NOI $32,640 @ 7.0% cap · market cap 4.11%
Theoretical Best
Office A
$861.3K
$753.6K – $1.00M
NOI $60,288 @ 7.0% cap · market cap 7.58%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,570
Businesses Nearby
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Business Placement
Demographics for 90037, CA
63,706
Population
18,709
Households
3.4
Avg Household Size
33
Median Age
9%
College-Educated
54%
High-School Grad
2.9 sq mi
ZIP Area
21,968
Density / Sq Mi
$56,417
Median Household Income
$29,857
Median Earnings
$1,438
Median Rent
$632,600
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Triplex - Three residential units include a recently renovated rear apartment with air conditioning throughout.
Where is this triplex located?
The property is located at 208 W 49th St Los Angeles, CA.
What is the asking price?
The asking price for this property is $795,000.
What are key features of this property?
This property features: Three‑unit triplex built in 1910; Front unit offers 3 bedrooms and 2 bathrooms; Middle unit includes 2 bedrooms and 1 bathroom
