Two-Unit Gated
For Sale
$1,299,000
314 W 56th, Los Angeles, CA 90037
Separate gas, electricity, and trash meters support distinct utility management for each residence.
Property Size3,686 SF
Days on Market317
Property Features for 314 W 56th
General Information
Standard status
Active
Size
3,686 SF
Property subtype
MULTI_FAMILY
Units
Unit Mix
2 x 5BR/3BA
Multifamily Units
2
Additional Details
Highway Access
Yes
Amenities
gated
Building Details
Building Size
3,686 SF
Year Built
2013
Buildings
1
Listing Agency:
BHHS CA Properties
(714) 887-9453
Listed By:
Sharlene Ramsingh · License #01791049
Source:
Milsteinestates
Added: Oct 4, 2025
Changed: Aug 16
Last Checked: Aug 16 at 9:45AM
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 BHHS CA Properties
Investment Insights
Based on property information with market context.
This Los Angeles duplex contains two residential units, with each offering 5 bedrooms and 3 bathrooms. Constructed in 2013, the building is enclosed by a gate and includes separate meters for gas, electricity, and trash serving the property’s units.
The property is located at 314 W 56th, Los Angeles, CA 90037, with access to a freeway and downtown Los Angeles. Its two-unit configuration and defined utility metering provide a straightforward multifamily layout.
The property is located at 314 W 56th, Los Angeles, CA 90037, with access to a freeway and downtown Los Angeles. Its two-unit configuration and defined utility metering provide a straightforward multifamily layout.
Key Highlights
- Two‑unit duplex at 314 W 56th, Los Angeles, CA 90037
- Each unit includes 5 bedrooms and 3 bathrooms
- Built in 2013
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
$61,584
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
4.74%
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%
$1,231,680
$1.2M
Cap Rate 7%
$879,771
$879.8K
Cap Rate 9%
$684,267
$684.3K
Market Conditions
NOI Build-Up for 3,686 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
$90.2K $24.48/SF
− Vacancy
−$2.3K −$0.61/SF
EGI
$88.0K $23.87/SF
− OpEx
−$26.4K −$7.16/SF
NOI
$61.6K $16.71/SF
Area
ZIP 90037
Vacancy
2.50%
Lease Rate
$24.48 /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%
$1,231,680
Cap Rate 7%
$879,771
Cap Rate 9%
$684,267
Alternative Uses
Best Use
Multifamily LT 5
$879.8K
$769.8K – $1.03M
NOI $61,584 @ 7.0% cap · market cap 4.74%
Second Best
Apartment 5plus
$781.9K
$684.2K – $912.3K
NOI $54,736 @ 7.0% cap · market cap 4.21%
Theoretical Best
Office A
$1.44M
$1.26M – $1.69M
NOI $101,102 @ 7.0% cap · market cap 7.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,915
Businesses Nearby
Explore this area
Business Placement
Demographics for 90037, CA
63,706
Population
18,709
Households
3.4
Avg Household Size
33
Median Age
9%
College-Educated
54%
High-School Grad
2.9 sq mi
ZIP Area
21,968
Density / Sq Mi
$56,417
Median Household Income
$29,857
Median Earnings
$1,438
Median Rent
$632,600
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?
Duplex - Separate gas, electricity, and trash meters support distinct utility management for each residence.
Where is this duplex located?
The property is located at 314 W 56th Los Angeles, CA.
What is the asking price?
The asking price for this property is $1,299,000.
What are key features of this property?
This property features: Two‑unit duplex at 314 W 56th, Los Angeles, CA 90037; Each unit includes 5 bedrooms and 3 bathrooms; Built in 2013
