Income Property with Three
For Sale
$974,900
3128 W 147th, Gardena, CA 90249
Income-producing property featuring three units with updated interiors.
Property Size2,215 SF
Days on Market100
Property Features for 3128 W 147th
General Information
Standard status
Active
Size
2,215 SF
Property subtype
Duplex
Building Details
Building Size
2,215 SF
Year Built
1958
Listing Agency:
Century 21 Coastal Properties
Listed By:
Keith Brabec · License #01206669
(310) 326-8100
Source:
Truthrealty
Added: May 27
Changed: Aug 25
Last Checked: Sep 2 at 2:30AM
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 Century 21 Coastal Properties
Investment Insights
Based on property information with market context.
This income-producing property presents a strong rental opportunity in an area with established rental properties. The front house includes 3 bedrooms and 2 bathrooms, inside laundry, and a primary suite with an en-suite bathroom. The kitchen has been updated with shaker-style cabinets and quartz countertops. The property also features a rear 2-bedroom, 1-bath unit with updated cabinetry and quartz countertops, as well as off-street parking. Additionally, there is a separate 1-bedroom, 1-bath unit for added income potential.
Key Highlights
- Strong income‑producing property with rental potential.
- Includes a spacious 3‑bedroom, 2‑bathroom front home.
- Features two additional rental units: a 2‑bedroom, 1‑bath unit and a separate 1‑bedroom, 1‑bath unit.
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
$35,641
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
3.66%
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%
$712,820
$712.8K
Cap Rate 7%
$509,157
$509.2K
Cap Rate 9%
$396,011
$396.0K
Market Conditions
NOI Build-Up for 2,215 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
$70.4K $31.80/SF
− Vacancy
−$5.6K −$2.54/SF
EGI
$64.8K $29.26/SF
− OpEx
−$29.2K −$13.17/SF
NOI
$35.6K $16.09/SF
Area
Los Angeles County, CA
Vacancy
8.00%
Lease Rate
$31.80 /SF/Yr
Expense Ratio
45.00%
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%
$712,820
Cap Rate 7%
$509,157
Cap Rate 9%
$396,011
Alternative Uses
Best Use
Apartment 5plus
$509.2K
$445.5K – $594.0K
NOI $35,641 @ 7.0% cap · market cap 3.66%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.19M
$1.04M – $1.38M
NOI $83,013 @ 7.0% cap · market cap 8.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,348
Businesses Nearby
Explore this area
Business Placement
Demographics for 90249, CA
27,125
Population
9,292
Households
2.9
Avg Household Size
40
Median Age
26%
College-Educated
80%
High-School Grad
3.0 sq mi
ZIP Area
9,042
Density / Sq Mi
$84,921
Median Household Income
$43,336
Median Earnings
$1,705
Median Rent
$709,900
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?
Multifamily property - Income-producing property featuring three units with updated interiors.
Where is this multifamily property located?
The property is located at 3128 W 147th Gardena, CA.
What is the asking price?
The asking price for this property is $974,900.
What are key features of this property?
This property features: Strong income‑producing property with rental potential.; Includes a spacious 3‑bedroom, 2‑bathroom front home.; Features two additional rental units: a 2‑bedroom, 1‑bath unit and a separate 1‑bedroom, 1‑bath unit.
