Three-Unit Multifamily
New
For Sale
$875,000
2798 Laurel Place, South Gate, CA 90280
Each residence has a two-bedroom, one-bathroom layout, with deferred maintenance across the property.
Property Size2,074 SF
Price / SF$421.89
Days on Market6
Property Features for 2798 Laurel Place
General Information
Standard status
Active
Size
2,074 SF
Property subtype
Residential Income
Property Condition
Severity
Repairs Needed
Evidence
deferred maintenance
Units
Unit Mix
3 x 2BR/1BA
Multifamily Units
3
Building Details
Buildings
1
Listing Agency:
RPM Realty, Inc.
(424) 281-3701
Listed By:
Deborah Naumovski · License #01889637
(310) 999-1203
Source:
Exprealty
Added: Oct 8
Changed: Oct 10
Last Checked: Oct 12 at 9:23PM
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 RPM Realty, Inc.
Investment Insights
Based on property information with market context.
This triplex contains three separate residences, each arranged with two bedrooms and one bathroom. The property totals 2074 square feet and has deferred maintenance, making its current physical condition an important consideration. Located at 2798 Laurel Place in South Gate, California, the building is configured as a three-unit multifamily property.
Key Highlights
- Three units, each with a 2‑bedroom, 1‑bathroom floor plan
- 2,074 square feet total
- Deferred maintenance
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,220
Cap Rate
4.14%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$724,400
$724.4K
Cap Rate 7%
$517,429
$517.4K
Cap Rate 9%
$402,444
$402.4K
Market Conditions
NOI Build-Up for 2,074 SF
Gross rent
$56.0K $27.00/SF
− Vacancy
−$4.3K −$2.05/SF
EGI
$51.7K $24.95/SF
− OpEx
−$15.5K −$7.48/SF
NOI
$36.2K $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 Rate 5%
$724,400
Cap Rate 7%
$517,429
Cap Rate 9%
$402,444
Alternative Uses
Best Use
Multifamily LT 5
$517.4K
$452.8K – $603.7K
NOI $36,220 @ 7.0% cap · market cap 4.14%
Second Best
Apartment 5plus
$476.7K
$417.2K – $556.2K
NOI $33,372 @ 7.0% cap · market cap 3.81%
Theoretical Best
Office A
$1.11M
$971.6K – $1.30M
NOI $77,729 @ 7.0% cap · market cap 8.88%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,277
Businesses Nearby
Explore this area
Business Placement
Demographics for 90280, CA
92,678
Population
25,395
Households
3.6
Avg Household Size
34
Median Age
12%
College-Educated
59%
High-School Grad
7.4 sq mi
ZIP Area
12,524
Density / Sq Mi
$71,379
Median Household Income
$34,547
Median Earnings
$1,471
Median Rent
$608,500
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 - Each residence has a two-bedroom, one-bathroom layout, with deferred maintenance across the property.
Where is this triplex located?
The property is located at 2798 Laurel Place South Gate, CA.
What is the asking price?
The asking price for this property is $875,000.
What are key features of this property?
This property features: Three units, each with a 2‑bedroom, 1‑bathroom floor plan; 2,074 square feet total; Deferred maintenance
