Three-Unit Property with
New
For Sale
$1,025,000
Pending
2433 Broadway, Huntington Park, CA 90255
Separate entrances, addresses, and laundry access support flexible occupancy across the property.
Property Size3,070 SF
Days on Market2
Property Features for 2433 Broadway
General Information
Standard status
Pending
Size
3,070 SF
Total Parking Spaces
3
Property subtype
Investment
Units
Unit Mix
2 x 2BR/1BA, 1 x 1BR/1BA
Multifamily Units
3
Additional Details
Public Transit
Yes
Amenities
washer/dryer
Building Details
Building Size
3,070 SF
Year Built
1942
Buildings
2
Stories
2
Units
3
Listing Agency:
(213) 418-5254
Listed By:
Dan Gurrola
Source:
Elliman
Added: Aug 10
Changed: Aug 11
Last Checked: Aug 11 at 9:18AM
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 Dan Gurrola
Investment Insights
Based on property information with market context.
This three-unit property includes two buildings with separate entrances and addresses for each residence. The front building contains a 2-bedroom, 1-bath unit and a 1-bedroom, 1-bath unit with a bonus room that can function as an additional bedroom. The rear building contains a 2-bedroom, 1-bath unit. Each unit has access to its own washer and dryer. The property also includes three garage spaces and a large driveway on a low-maintenance lot.
Built in 1942, the property is near shopping, dining, and transportation, with a short commute to Downtown Los Angeles. Walk Score is 71, Bike Score is 55, and Transit Score is 59.
Built in 1942, the property is near shopping, dining, and transportation, with a short commute to Downtown Los Angeles. Walk Score is 71, Bike Score is 55, and Transit Score is 59.
Key Highlights
- Three separate units with individual entrances and addresses
- Unit mix includes two 2‑bedroom, 1‑bath units and one 1‑bedroom, 1‑bath unit with bonus room
- Three garage spaces plus a large driveway
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
$53,613
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
5.23%
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%
$1,072,260
$1.1M
Cap Rate 7%
$765,900
$765.9K
Cap Rate 9%
$595,700
$595.7K
Market Conditions
NOI Build-Up for 3,070 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
$82.9K $27.00/SF
− Vacancy
−$6.3K −$2.05/SF
EGI
$76.6K $24.95/SF
− OpEx
−$23.0K −$7.48/SF
NOI
$53.6K $17.46/SF
Area
Los Angeles County, CA
Vacancy
7.60%
Lease Rate
$27.00 /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%
$1,072,260
Cap Rate 7%
$765,900
Cap Rate 9%
$595,700
Alternative Uses
Best Use
Multifamily LT 5
$765.9K
$670.2K – $893.6K
NOI $53,613 @ 7.0% cap · market cap 5.23%
Second Best
Apartment 5plus
$705.7K
$617.5K – $823.3K
NOI $49,399 @ 7.0% cap · market cap 4.82%
Theoretical Best
Office A
$1.64M
$1.44M – $1.92M
NOI $115,057 @ 7.0% cap · market cap 11.23%
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
919
Businesses Nearby
Explore this area
Business Placement
Demographics for 90255, CA
71,157
Population
19,265
Households
3.7
Avg Household Size
34
Median Age
9%
College-Educated
53%
High-School Grad
3.7 sq mi
ZIP Area
19,232
Density / Sq Mi
$61,376
Median Household Income
$31,695
Median Earnings
$1,443
Median Rent
$562,600
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Triplex - Separate entrances, addresses, and laundry access support flexible occupancy across the property.
Where is this triplex located?
The property is located at 2433 Broadway Huntington Park, CA.
What is the asking price?
The asking price for this property is $1,025,000.
What are key features of this property?
This property features: Three separate units with individual entrances and addresses; Unit mix includes two 2‑bedroom, 1‑bath units and one 1‑bedroom, 1‑bath unit with bonus room; Three garage spaces plus a large driveway
