Mixed-Use Residential and Retail
For Sale
$2,699,000
2829 W Jefferson, Los Angeles, CA 90018
Tenant-occupied building with multiple apartments and three retail spaces, each with separate gas and electric meters.
Property Size7,088 SF
Days on Market121
Property Features for 2829 W Jefferson
General Information
Standard status
Active
Size
7,088 SF
Property subtype
MULTI_FAMILY
Building Details
Building Size
7,088 SF
Year Built
1924
Listing Agency:
RICO & RICO REALTY AND ASSOCIATES
Listed By:
CONSUELO RODRIGUEZ · License #01762067
(626) 280-9232
Source:
Milsteinestates
Added: May 8
Changed: Sep 4
Last Checked: Sep 4 at 10:26AM
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 RICO & RICO REALTY AND ASSOCIATES
Investment Insights
Based on property information with market context.
This mixed-use property includes residential and retail components, with four 3-bedroom/1-bath apartments and three 1-bedroom/1-bath apartments, plus three retail spaces: a clothing store, a barber shop, and a liquor store. All units are tenant occupied, and each unit has its own gas and electric meter.
Located at 2829 W Jefferson in Los Angeles, the property scores 77 for walkability (very walkable), 54 for bikeability, and 53 for transit (good transit). Please call the agent with any questions regarding the current occupancy and configuration.
Located at 2829 W Jefferson in Los Angeles, the property scores 77 for walkability (very walkable), 54 for bikeability, and 53 for transit (good transit). Please call the agent with any questions regarding the current occupancy and configuration.
Key Highlights
- Residential/commercial property built in 1924
- 4‑unit mix: three 3BR/1BA units and one 1BR/1BA unit
- Includes 3 retail spaces: clothing store, barber shop, and liquor store
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
$164,493
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
6.09%
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%
$3,289,860
$3.3M
Cap Rate 7%
$2,349,900
$2.3M
Cap Rate 9%
$1,827,700
$1.8M
Market Conditions
NOI Build-Up for 7,088 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
$262.0K $36.96/SF
− Vacancy
−$27.0K −$3.81/SF
EGI
$235.0K $33.15/SF
− OpEx
−$70.5K −$9.95/SF
NOI
$164.5K $23.21/SF
Area
Los Angeles, CA
Vacancy
10.30%
Lease Rate
$36.96 /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%
$3,289,860
Cap Rate 7%
$2,349,900
Cap Rate 9%
$1,827,700
Alternative Uses
Best Use
Multifamily LT 5
$143.60M
$125.65M – $167.53M
NOI $10,051,904 @ 7.0% cap · market cap 372.43%
Second Best
Apartment 5plus
$125.31M
$109.65M – $146.20M
NOI $8,771,783 @ 7.0% cap · market cap 325.00%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,315
Businesses Nearby
Explore this area
Business Placement
Demographics for 90018, CA
50,179
Population
17,917
Households
2.8
Avg Household Size
37
Median Age
24%
College-Educated
74%
High-School Grad
3.0 sq mi
ZIP Area
16,726
Density / Sq Mi
$63,671
Median Household Income
$36,845
Median Earnings
$1,512
Median Rent
$886,800
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Tenant-occupied building with multiple apartments and three retail spaces, each with separate gas and electric meters.
Where is this triplex located?
The property is located at 2829 W Jefferson Los Angeles, CA.
What is the asking price?
The asking price for this property is $2,699,000.
What are key features of this property?
This property features: Residential/commercial property built in 1924; 4‑unit mix: three 3BR/1BA units and one 1BR/1BA unit; Includes 3 retail spaces: clothing store, barber shop, and liquor store
