Detached Quadplex with
For Sale
$850,000
245 W 73rd, Los Angeles, CA 90003
Four-unit rental property with separate buildings, one vacancy, and individually metered gas and electric service.
Property Size2,746 SF
Days on Market90
Property Features for 245 W 73rd
General Information
Standard status
Active
Size
2,746 SF
Total Parking Spaces
2
Property subtype
MULTI_FAMILY
Site & Location
Highway Access
Yes
Public Transit
Yes
Utilities to Site
Yes
Units
Unit Mix
1 x 2BR/1BA, 3 x 1BR/1BA
Multifamily Units
4
Amenities
laundry hookups
storage rooms
Building Details
Building Size
2,746 SF
Year Built
1907
Buildings
3
Listing Agency:
The Oppenheim Group
Listed By:
Diana Hernandez · License #01814655
(562) 331-2225
Source:
Milsteinestates
Added: Jul 21
Changed: Oct 18
Last Checked: Oct 16 at 3:53PM
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 The Oppenheim Group
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This quadplex comprises 4 units distributed among 3 separate buildings. The residential mix includes a detached 2-bedroom, 1-bath home, a two-story structure with a 1-bedroom, 1-bath unit, a second 1-bedroom, 1-bath unit that is currently vacant, and an upper-level 1-bedroom, 1-bath unit with a bonus room. The upper unit is positioned above a 2-car garage with two attached storage rooms. Some residences include laundry hookups, while gas and electric service are separately metered for each unit; water is the shared utility.
The property is located at 245 W 73rd in Los Angeles, with shopping, schools, public transportation, and major freeways identified in the surrounding area. Built in 1907, the detached configuration offers separate residential structures and includes a garage-based space that may support ADU conversion, subject to buyer verification.
The property is located at 245 W 73rd in Los Angeles, with shopping, schools, public transportation, and major freeways identified in the surrounding area. Built in 1907, the detached configuration offers separate residential structures and includes a garage-based space that may support ADU conversion, subject to buyer verification.
Key Highlights
- 4 units across 3 separate buildings
- 2‑bedroom, 1‑bath detached home plus three 1‑bedroom, 1‑bath units
- 1 vacant 1‑bedroom, 1‑bath unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$62,164
Cap Rate
7.31%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,243,280
$1.2M
Cap Rate 7%
$888,057
$888.1K
Cap Rate 9%
$690,711
$690.7K
Market Conditions
NOI Build-Up for 2,746 SF
Gross rent
$90.6K $33.00/SF
− Vacancy
−$1.8K −$0.66/SF
EGI
$88.8K $32.34/SF
− OpEx
−$26.6K −$9.70/SF
NOI
$62.2K $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 Rate 5%
$1,243,280
Cap Rate 7%
$888,057
Cap Rate 9%
$690,711
Alternative Uses
Best Use
Apartment 5plus
$48.55M
$42.48M – $56.64M
NOI $3,398,323 @ 7.0% cap · market cap 399.80%
Second Best
Multifamily LT 5
$888.1K
$777.1K – $1.04M
NOI $62,164 @ 7.0% cap · market cap 7.31%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
4
Residential units
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,328
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - Four-unit rental property with separate buildings, one vacancy, and individually metered gas and electric service.
Where is this quadplex located?
The property is located at 245 W 73rd Los Angeles, CA.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: 4 units across 3 separate buildings; 2‑bedroom, 1‑bath detached home plus three 1‑bedroom, 1‑bath units; 1 vacant 1‑bedroom, 1‑bath unit
