Two-Unit Duplex with
New
For Sale
$749,900
225 E 64th, Los Angeles, CA 90003
Two residences include a second unit positioned above a two-car garage.
Property Size2,202 SF
Days on Market7
Property Features for 225 E 64th
General Information
Standard status
Active
Size
2,202 SF
Total Parking Spaces
2
Property subtype
MULTI_FAMILY
Site & Location
Highway Access
Yes
Road Access
Yes
Units
Unit Mix
1 x 3BR/1BA, 1 x 2BR/1BA
Multifamily Units
2
Building Details
Building Size
2,202 SF
Year Built
1912
Listing Agency:
eXp Realty of Greater L.A
Listed By:
Venny Saucedo · License #01328134
(562) 863-2121
Source:
Milsteinestates
Added: Sep 8
Changed: Sep 13
Last Checked: Sep 13 at 3:17PM
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 eXp Realty of Greater L.A
Investment Insights
Based on property information with market context.
This duplex, built in 1912, contains two residential units with distinct configurations. The front residence offers 3 bedrooms, 1 bath, and 1,142 square feet. The second 2-bedroom, 1-bath unit provides 1,060 square feet and is located above a 2-car garage. Both units were remodeled 10 years ago.
The property is situated on E 64th in Los Angeles, near 66th St Elementary School, Bethune Park, and Slauson Shopping Center. Access to the 110 and 105 freeways adds regional connectivity. The two-unit layout combines separate living spaces with on-site garage parking and a mix of unit sizes.
The property is situated on E 64th in Los Angeles, near 66th St Elementary School, Bethune Park, and Slauson Shopping Center. Access to the 110 and 105 freeways adds regional connectivity. The two-unit layout combines separate living spaces with on-site garage parking and a mix of unit sizes.
Key Highlights
- Two‑unit duplex built in 1912
- Front unit has 3 bedrooms, 1 bath, and 1142 square feet
- Second unit includes 2 bedrooms, 1 bath, and 1060 square feet
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
$49,849
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
6.65%
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%
$996,980
$997.0K
Cap Rate 7%
$712,129
$712.1K
Cap Rate 9%
$553,878
$553.9K
Market Conditions
NOI Build-Up for 2,202 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
$72.7K $33.00/SF
− Vacancy
−$1.5K −$0.66/SF
EGI
$71.2K $32.34/SF
− OpEx
−$21.4K −$9.70/SF
NOI
$49.8K $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%
$996,980
Cap Rate 7%
$712,129
Cap Rate 9%
$553,878
Alternative Uses
Best Use
Apartment 5plus
$38.93M
$34.06M – $45.42M
NOI $2,725,094 @ 7.0% cap · market cap 363.39%
Second Best
Multifamily LT 5
$712.1K
$623.1K – $830.8K
NOI $49,849 @ 7.0% cap · market cap 6.65%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,680
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
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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?
Duplex - Two residences include a second unit positioned above a two-car garage.
Where is this duplex located?
The property is located at 225 E 64th Los Angeles, CA.
What is the asking price?
The asking price for this property is $749,900.
What are key features of this property?
This property features: Two‑unit duplex built in 1912; Front unit has 3 bedrooms, 1 bath, and 1142 square feet; Second unit includes 2 bedrooms, 1 bath, and 1060 square feet
