Renovated Triplex Near
For Sale
$795,000
208 W 49th St, Los Angeles, CA 90037
Residential Income, Craftsman, Los Angeles, CA
Property Size2,198 SF
Lot Size0.13 Acres
Price / SF$361.69
Days on Market47
Property Features for 208 W 49th St
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
LAR2
Bedrooms
7
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 4, Bedroom 6, Bedroom 3, Bathroom 1, Bathroom 3, Bathroom 4, Bedroom 7, Bedroom 5, Bedroom 2, Bedroom 1, Bathroom 2
Parking
7
Parking features
Driveway
Directions
110 S. Exit 19B toward Vernon Ave. Continue on S Flower St. Left on 49th St.
Subdivision
Downtown L.A.
Standard status
Active
APN
5110-020-003
Size
2,198 SF
Lot size
0.13 Acres
Utilities
Cooling system
Wall/Window Unit(s)
Building Details
Year built
1910
Floors in Building
1
Number of units
3
Architectural style
Craftsman
Listing Agency:
Compass
(310) 230-5478
Listed By:
Christopher Ryder · License #02007962
(626) 354-0443
Added: Sep 8
Changed: Oct 21
Last Checked: Oct 24 at 3:06PM
MLS# 26985103
Copyright © 2026 The MLS/CLAW. 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.
Built in 1910, this Craftsman-style triplex contains 2,198 square feet across three residences on a 0.125-acre lot. The unit mix includes a 3-bedroom, 2-bath home; a 2-bedroom, 1-bath home; and a renovated 2-bedroom, 1-bath rear unit. The rear residence has wall/window cooling in every room, while the property includes driveway parking. Zoning is LAR2.
The property is positioned near USC, Exposition Park, South Park Recreation Center, public transportation, and green spaces. Downtown Los Angeles is approximately 3 miles away. Both Zillow and Redfin report a 75/100 walk score for the location.
The property is positioned near USC, Exposition Park, South Park Recreation Center, public transportation, and green spaces. Downtown Los Angeles is approximately 3 miles away. Both Zillow and Redfin report a 75/100 walk score for the location.
Key Highlights
- Three‑unit property with 2,198 square feet of building area
- Unit mix includes one 3‑bedroom/2‑bath and two 2‑bedroom/1‑bath residences
- Rear 2‑bedroom unit has been freshly renovated
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
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Triplex - Craftsman-style three-unit property with a renovated rear residence and on-site driveway parking.
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 property with 2,198 square feet of building area; Unit mix includes one 3‑bedroom/2‑bath and two 2‑bedroom/1‑bath residences; Rear 2‑bedroom unit has been freshly renovated
