New Construction
For Sale
$1,990,000
222 W 80th St, Los Angeles, CA 90003
Three spacious residences feature open layouts, modern finishes, and dedicated parking for each unit.
Property Size5,706 SF
Lot Size0.17 Acres
Days on Market125
Property Features for 222 W 80th St
General Information
Standard status
Active
Size
5,706 SF
Total Parking Spaces
6
Lot size
0.17 Acres
Property subtype
MULTI_FAMILY
Units
Unit Mix
3 x 5BD/3BA
Multifamily Units
3
Parking per Unit
2
Building Details
Building Size
5,706 SF
Year Built
2024
Buildings
1
Listing Agency:
Urban Real Estate, Inc.
(213) 590-9908
Listed By:
Koeun Hwang · License #01718399
Source:
Milsteinestates
Added: Apr 28
Changed: Aug 30
Last Checked: Aug 30 at 6:02AM
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 Urban Real Estate, Inc.
Investment Insights
Based on property information with market context.
Completed in 2024, this triplex contains three 5BD/3BA residences on a 7,210 SF lot. The property includes a 1,936 SF front single-family residence and two rear duplex units measuring approximately 1,885 SF each. Across the building, the units offer open floor plans, large bedrooms, and contemporary finishes suited to modern residential occupancy.
Each residence includes two parking spots, providing dedicated on-site parking throughout the property. The configuration combines a detached-style front home with two rear units, creating a three-unit multifamily asset in Los Angeles.
Each residence includes two parking spots, providing dedicated on-site parking throughout the property. The configuration combines a detached-style front home with two rear units, creating a three-unit multifamily asset in Los Angeles.
Key Highlights
- 2024 construction with three 5BD/3BA units
- 7,210 SF lot with a 1,936 SF front residence
- Two rear duplex units of approximately 1,885 SF each
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
$129,172
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
6.49%
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%
$2,583,440
$2.6M
Cap Rate 7%
$1,845,314
$1.8M
Cap Rate 9%
$1,435,244
$1.4M
Market Conditions
NOI Build-Up for 5,706 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
$188.3K $33.00/SF
− Vacancy
−$3.8K −$0.66/SF
EGI
$184.5K $32.34/SF
− OpEx
−$55.4K −$9.70/SF
NOI
$129.2K $22.64/SF
Area
ZIP 90003
Vacancy
2.00%
Lease Rate
$33.00 /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%
$2,583,440
Cap Rate 7%
$1,845,314
Cap Rate 9%
$1,435,244
Alternative Uses
Best Use
Apartment 5plus
$100.88M
$88.27M – $117.69M
NOI $7,061,483 @ 7.0% cap · market cap 354.85%
Second Best
Multifamily LT 5
$1.85M
$1.61M – $2.15M
NOI $129,172 @ 7.0% cap · market cap 6.49%
Theoretical Best
—
—
same as Best Use
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
1,595
Businesses Nearby
Explore this area
Business Placement
Demographics for 90003, CA
72,764
Population
18,349
Households
4
Avg Household Size
30
Median Age
7%
College-Educated
53%
High-School Grad
3.6 sq mi
ZIP Area
20,212
Density / Sq Mi
$54,781
Median Household Income
$30,132
Median Earnings
$1,515
Median Rent
$547,600
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 spacious residences feature open layouts, modern finishes, and dedicated parking for each unit.
Where is this triplex located?
The property is located at 222 W 80th St Los Angeles, CA.
What is the asking price?
The asking price for this property is $1,990,000.
What are key features of this property?
This property features: 2024 construction with three 5BD/3BA units; 7,210 SF lot with a 1,936 SF front residence; Two rear duplex units of approximately 1,885 SF each
