2-Unit
3217 Malabar St, Los Angeles, CA 90063
For Sale
New
$499,999
The front residence offers two bedrooms and one bathroom and is currently tenant occupied.
Property Size1,800 SF
Days on Market4
Property Features for 3217 Malabar St
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Additional Details
Multifamily Units
Tenant in Place
Building Details
Building Size
Year Built
Listing Agency:
eXp Realty of Greater Los Angeles
Listed By:
Ashley Magallon · License CA #02214413
Source:
Milsteinestates
Added: Nov 11
Changed: Nov 14
Last Checked: Nov 14 at 2:03PM
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 eXp Realty of Greater Los Angeles
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Investment Insights
Based on property information with market context.
This two-unit duplex at 3217/3219 Malabar Street was built in 1922. The front residence has two bedrooms and one bathroom and is tenant occupied, providing an existing rental component. The property is located in Boyle Heights, in Eastside Los Angeles.
Downtown Los Angeles, Little Tokyo, the Arts District, USC Health Sciences Campus, Los Angeles General Medical Center, Keck Hospital of USC, and Cal State Los Angeles are cited as accessible destinations. The surrounding area includes neighborhood restaurants, markets, parks, and cultural destinations.
Downtown Los Angeles, Little Tokyo, the Arts District, USC Health Sciences Campus, Los Angeles General Medical Center, Keck Hospital of USC, and Cal State Los Angeles are cited as accessible destinations. The surrounding area includes neighborhood restaurants, markets, parks, and cultural destinations.
Key Highlights
- Two‑unit property at 3217/3219 Malabar Street
- Front residence has 2 bedrooms and 1 bathroom; currently tenant occupied
- Built in 1922
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,434
Cap Rate
6.29%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$628,680
$628.7K
Cap Rate 7%
$449,057
$449.1K
Cap Rate 9%
$349,267
$349.3K
Market Conditions
NOI Build-Up for 1,800 SF
Gross rent
$48.6K $27.00/SF
− Vacancy
−$3.7K −$2.05/SF
EGI
$44.9K $24.95/SF
− OpEx
−$13.5K −$7.48/SF
NOI
$31.4K $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%
$628,680
Cap Rate 7%
$449,057
Cap Rate 9%
$349,267
Alternative Uses
Best Use
Multifamily LT 5
$449.1K
$392.9K – $523.9K
NOI $31,434 @ 7.0% cap · market cap 6.29%
Second Best
Apartment 5plus
$413.8K
$362.0K – $482.7K
NOI $28,963 @ 7.0% cap · market cap 5.79%
Theoretical Best
Office A
$751.5K
$657.6K – $876.8K
NOI $52,607 @ 7.0% cap · market cap 10.52%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,319
Businesses Nearby
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Business Placement
Demographics for 90063, CA
50,227
Population
14,046
Households
3.6
Avg Household Size
34
Median Age
13%
College-Educated
56%
High-School Grad
3.3 sq mi
ZIP Area
15,220
Density / Sq Mi
$71,725
Median Household Income
$33,832
Median Earnings
$1,489
Median Rent
$619,100
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Los Angeles, CA
Properties on Market for Duplexes in Los Angeles
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - The front residence offers two bedrooms and one bathroom and is currently tenant occupied.
Where is this duplex located?
The property is located at 3217 Malabar St Los Angeles, CA.
What is the asking price?
The asking price for this property is $499,999.
What are key features of this property?
This property features: Two‑unit property at 3217/3219 Malabar Street; Front residence has 2 bedrooms and 1 bathroom; currently tenant occupied; Built in 1922
