Two-Unit Duplex with Separate
For Sale
$710,000
Pending
314 W 66th, Los Angeles, CA 90003
Each residence has two bedrooms, one full bathroom, and individual gas and electric metering.
Property Size1,632 SF
Days on Market57
Property Features for 314 W 66th
General Information
Standard status
Pending
Size
1,632 SF
Property subtype
MULTI_FAMILY
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Building Details
Building Size
1,632 SF
Year Built
1923
Listing Agency:
Big Block Powerhouse Realty
Listed By:
Santiago Lopez · License #01332310
(323) 562-7777
Source:
Milsteinestates
Added: Jul 28
Changed: Sep 12
Last Checked: Sep 21 at 6:59AM
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 Big Block Powerhouse Realty
Investment Insights
Based on property information with market context.
Located at 314 W 66th in Los Angeles, this duplex contains 2 independent residences with matching layouts. Each unit includes 2 bedrooms and 1 full bathroom, along with its own entrance and separate gas and electric metering. Parking is provided at both the front and rear of the property.
The property is near downtown LA, local schools, parks, and commuter routes. Its two-unit configuration and independently accessed residences provide a clear physical layout for residential income use.
The property is near downtown LA, local schools, parks, and commuter routes. Its two-unit configuration and independently accessed residences provide a clear physical layout for residential income use.
Key Highlights
- 2 independent units with matching layouts
- Each unit includes 2 bedrooms and 1 full bathroom
- Separate entrances for both residences
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
$36,945
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
5.20%
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%
$738,900
$738.9K
Cap Rate 7%
$527,786
$527.8K
Cap Rate 9%
$410,500
$410.5K
Market Conditions
NOI Build-Up for 1,632 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
$53.9K $33.00/SF
− Vacancy
−$1.1K −$0.66/SF
EGI
$52.8K $32.34/SF
− OpEx
−$15.8K −$9.70/SF
NOI
$36.9K $22.64/SF
Area
ZIP 90003
Vacancy
2.00%
Lease Rate
$33.00 /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%
$738,900
Cap Rate 7%
$527,786
Cap Rate 9%
$410,500
Alternative Uses
Best Use
Apartment 5plus
$28.85M
$25.25M – $33.66M
NOI $2,019,688 @ 7.0% cap · market cap 284.46%
Second Best
Multifamily LT 5
$527.8K
$461.8K – $615.8K
NOI $36,945 @ 7.0% cap · market cap 5.20%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,589
Businesses Nearby
Explore this area
Business Placement
Demographics for 90003, CA
72,764
Population
18,349
Households
4
Avg Household Size
30
Median Age
7%
College-Educated
53%
High-School Grad
3.6 sq mi
ZIP Area
20,212
Density / Sq Mi
$54,781
Median Household Income
$30,132
Median Earnings
$1,515
Median Rent
$547,600
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?
Duplex - Each residence has two bedrooms, one full bathroom, and individual gas and electric metering.
Where is this duplex located?
The property is located at 314 W 66th Los Angeles, CA.
What is the asking price?
The asking price for this property is $710,000.
What are key features of this property?
This property features: 2 independent units with matching layouts; Each unit includes 2 bedrooms and 1 full bathroom; Separate entrances for both residences
