Craftsman Triplex with
New
For Sale
$899,000
208 W 49th St, Los Angeles, CA 90037
Residential Income, Craftsman, Los Angeles, CA
Property Size2,198 SF
Lot Size0.13 Acres
Price / SF$409.01
Days on Market2
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 3, Bedroom 5, Bathroom 1, Bathroom 2, Bedroom 6, Bedroom 4, Bedroom 1, Bathroom 4, Bedroom 7, Bathroom 3, Bedroom 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
Last Checked: Sep 9 at 5:06AM
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.
Investment Insights
Based on property information with market context.
This 2,198-square-foot Craftsman triplex includes three residences: a front three-bedroom, two-bath unit, a middle two-bedroom, one-bath unit, and a rear two-bedroom, one-bath unit. The rear residence has been renovated and includes AC in every room. Two units are occupied, while the rear unit is available for owner occupancy or leasing. The property also offers driveway parking and is positioned on a 0.125-acre lot.
Built in 1910 and zoned LAR2, the property is located near USC, Exposition Park, South Park Recreation Center, public transportation, green spaces, and Downtown LA, approximately 3 miles away. Walk scores of 75/100 are reported by both Zillow and Redfin.
Built in 1910 and zoned LAR2, the property is located near USC, Exposition Park, South Park Recreation Center, public transportation, green spaces, and Downtown LA, approximately 3 miles away. Walk scores of 75/100 are reported by both Zillow and Redfin.
Key Highlights
- Triplex with 3‑bedroom and two 2‑bedroom residences
- 2198 square feet on a 0.125‑acre lot
- Rear 2 Bed/1Bath unit recently renovated with AC in EVERY ROOM
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
Property Profile
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
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-unit Craftsman property with a renovated rear residence, in-room cooling, and 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 $899,000.
What are key features of this property?
This property features: Triplex with 3‑bedroom and two 2‑bedroom residences; 2198 square feet on a 0.125‑acre lot; Rear 2 Bed/1Bath unit recently renovated with AC in EVERY ROOM
