Vacant Triplex with
New
For Sale
$1,248,888
2702 Del Mar Ave, Rosemead, CA 91770
Vacant multifamily property with updated systems, driveway parking, storage buildings, and an expansive rear yard.
Property Size2,100 SF
Lot Size0.18 Acres
Days on Market3
Property Features for 2702 Del Mar Ave
General Information
Standard status
Active
Size
2,100 SF
Total Parking Spaces
5
Lot size
0.18 Acres
Property subtype
Investment
Units
Unit Mix
2 x 2BR/1BA, 1 x 1BR/1BA
Multifamily Units
3
Amenities
laundry hookups
central heating and cooling
Building Details
Building Size
2,100 SF
Year Built
1938
Units
3
Listed By:
RYAN RODRIGUEZ
(626) 497-4717
Source:
Elliman
Added: Sep 9
Last Checked: Sep 10 at 11:02AM
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 RYAN RODRIGUEZ
Investment Insights
Based on property information with market context.
Built in 1938, this vacant triplex at 2702 Del Mar Ave includes two 2-bedroom/1-bath residences and one 1-bedroom/1-bath residence. Select units have central heating and cooling. Property improvements include copper plumbing, electrical panel upgrades, a remodeled bathroom, laundry hookups, and a roof installed in 2018.
The property occupies an 8,002-square-foot lot in Rosemead, with a driveway providing parking for approximately five vehicles. The rear yard contains mature fruit trees and two large storage sheds. The site may offer ADU potential, subject to buyer verification. Walk Score is 78, Bike Score is 51, and Transit Score is 39.
The property occupies an 8,002-square-foot lot in Rosemead, with a driveway providing parking for approximately five vehicles. The rear yard contains mature fruit trees and two large storage sheds. The site may offer ADU potential, subject to buyer verification. Walk Score is 78, Bike Score is 51, and Transit Score is 39.
Key Highlights
- Three‑unit property delivered vacant
- Unit mix includes two 2‑bedroom/1‑bath units and one 1‑bedroom/1‑bath unit
- 8,002 SQFT lot with expansive backyard and mature fruit trees
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
$36,674
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
2.94%
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%
$733,480
$733.5K
Cap Rate 7%
$523,914
$523.9K
Cap Rate 9%
$407,489
$407.5K
Market Conditions
NOI Build-Up for 2,100 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
$56.7K $27.00/SF
− Vacancy
−$4.3K −$2.05/SF
EGI
$52.4K $24.95/SF
− OpEx
−$15.7K −$7.48/SF
NOI
$36.7K $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%
$733,480
Cap Rate 7%
$523,914
Cap Rate 9%
$407,489
Alternative Uses
Best Use
Multifamily LT 5
$523.9K
$458.4K – $611.2K
NOI $36,674 @ 7.0% cap · market cap 2.94%
Second Best
Apartment 5plus
$482.7K
$422.4K – $563.2K
NOI $33,791 @ 7.0% cap · market cap 2.71%
Theoretical Best
Office A
$1.12M
$983.8K – $1.31M
NOI $78,703 @ 7.0% cap · market cap 6.30%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,045
Businesses Nearby
Explore this area
Business Placement
Demographics for 91770, CA
59,360
Population
17,704
Households
3.4
Avg Household Size
43
Median Age
23%
College-Educated
68%
High-School Grad
6.5 sq mi
ZIP Area
9,132
Density / Sq Mi
$73,757
Median Household Income
$35,286
Median Earnings
$1,740
Median Rent
$712,700
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?
Triplex - Vacant multifamily property with updated systems, driveway parking, storage buildings, and an expansive rear yard.
Where is this triplex located?
The property is located at 2702 Del Mar Ave Rosemead, CA.
What is the asking price?
The asking price for this property is $1,248,888.
What are key features of this property?
This property features: Three‑unit property delivered vacant; Unit mix includes two 2‑bedroom/1‑bath units and one 1‑bedroom/1‑bath unit; 8,002 SQFT lot with expansive backyard and mature fruit trees
