3-Unit Multifamily
New
For Sale
$1,250,000
2442 Sherbrook, Monterey Park, CA 91754
Two residences sit in a front building, with a third home positioned above the parking area.
Property Size2,615 SF
Days on Market3
Property Features for 2442 Sherbrook
General Information
Standard status
Active
Size
2,615 SF
Property subtype
Investment
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
2 x 2BD/1BA, 1 x 2BD/1.5BA
Multifamily Units
3
Amenities
central courtyard
shared laundry
Building Details
Building Size
2,615 SF
Year Built
1945
Units
3
Listing Agency:
TNG Real Estate Consultants
Listed By:
Angelica Gregory · License #01361876
(562) 556-1519
Source:
Elliman
Added: Sep 29
Changed: Sep 30
Last Checked: Oct 1 at 12:53PM
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 TNG Real Estate Consultants
Investment Insights
Based on property information with market context.
Built in 1945, this tenant-occupied triplex includes two single-story 2-bedroom, 1-bath units in the front building and a separate upper-level 2-bedroom, 1.5-bath unit above the parking area. The front residences each have a combined living and dining space and a kitchen. The upper home features vaulted ceilings, a dedicated dining area, a large kitchen, a living room, and an enclosed upstairs patio. Each unit has two entrances.
Shared amenities include a central courtyard and laundry, two one-car garages, one two-car garage, and carport parking. The property is in Monterey Park, with shopping, schools, and freeway access described as nearby; downtown Los Angeles is also within proximity.
Shared amenities include a central courtyard and laundry, two one-car garages, one two-car garage, and carport parking. The property is in Monterey Park, with shopping, schools, and freeway access described as nearby; downtown Los Angeles is also within proximity.
Key Highlights
- Three tenant‑occupied units: two 2BD/1BA homes and one 2BD/1.5BA home
- 1945 construction; two single‑story residences plus an upper‑level unit above parking
- Upper unit includes vaulted ceilings and an enclosed upstairs patio
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
$45,667
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
3.65%
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%
$913,340
$913.3K
Cap Rate 7%
$652,386
$652.4K
Cap Rate 9%
$507,411
$507.4K
Market Conditions
NOI Build-Up for 2,615 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
$70.6K $27.00/SF
− Vacancy
−$5.4K −$2.05/SF
EGI
$65.2K $24.95/SF
− OpEx
−$19.6K −$7.48/SF
NOI
$45.7K $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%
$913,340
Cap Rate 7%
$652,386
Cap Rate 9%
$507,411
Alternative Uses
Best Use
Multifamily LT 5
$652.4K
$570.8K – $761.1K
NOI $45,667 @ 7.0% cap · market cap 3.65%
Second Best
Apartment 5plus
$601.1K
$526.0K – $701.3K
NOI $42,077 @ 7.0% cap · market cap 3.37%
Theoretical Best
Office A
$1.40M
$1.23M – $1.63M
NOI $98,004 @ 7.0% cap · market cap 7.84%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
3
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,448
Businesses Nearby
Explore this area
Business Placement
Demographics for 91754, CA
33,300
Population
12,754
Households
2.6
Avg Household Size
44
Median Age
38%
College-Educated
82%
High-School Grad
4.5 sq mi
ZIP Area
7,400
Density / Sq Mi
$81,890
Median Household Income
$46,992
Median Earnings
$1,884
Median Rent
$845,000
Median Home Value
Check the figures for this property
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?
Triplex - Two residences sit in a front building, with a third home positioned above the parking area.
Where is this triplex located?
The property is located at 2442 Sherbrook Monterey Park, CA.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Three tenant‑occupied units: two 2BD/1BA homes and one 2BD/1.5BA home; 1945 construction; two single‑story residences plus an upper‑level unit above parking; Upper unit includes vaulted ceilings and an enclosed upstairs patio
