Renovated Triplex with
New
For Sale
$899,000
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 Market5
Property Features for 208 W 49th St
General Information
Standard status
Active
Size
2,198 SF
Property subtype
MULTI_FAMILY
Units
Unit Mix
1 x 3BR/2BA, 2 x 2BR/1BA
Multifamily Units
3
Additional Details
Public Transit
Yes
Building Details
Building Size
2,198 SF
Year Built
1910
Listing Agency:
Compass
Listed By:
Christopher Ryder · License #02007962
(323) 665-5841
Source:
Jademillsestates
Added: Sep 8
Changed: Sep 11
Last Checked: Sep 11 at 4:53PM
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
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 = 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
$36,723
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
4.08%
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%
$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
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
$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 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%
$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 4.08%
Second Best
Apartment 5plus
$466.3K
$408.0K – $544.0K
NOI $32,640 @ 7.0% cap · market cap 3.63%
Theoretical Best
Office A
$861.3K
$753.6K – $1.00M
NOI $60,288 @ 7.0% cap · market cap 6.71%
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
1,570
Businesses Nearby
Explore this area
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
Check the figures for this property
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?
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 $899,000.
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
