Duplex Investment
For Sale
$839,000
323 W 47th Pl, Los Angeles, CA 90037
Two 3-bedroom, 1-bath units with rear alley access and detached parking provide a straightforward residential income setup.
Property Size1,925 SF
Price / SF$435.84
Days on Market122
Property Features for 323 W 47th Pl
General Information
Standard status
Active
Size
1,925 SF
Property subtype
Multi Family
Additional Details
Highway Access
Yes
Multifamily Units
2
Building Details
Year Built
1989
Listing Agency:
Realty One Group Homelink
(818) 257-6331
Listed By:
JUAN MORALES · License #01957823
(818) 257-6331
Source:
Exitrealty
Added: Apr 10
Changed: Aug 8
Last Checked: Aug 9 at 7:47AM
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 Realty One Group Homelink
Investment Insights
Based on property information with market context.
323 W 47th Pl is a duplex designed for residential income, offering two separate units within one property. Each unit features 3 bedrooms and 1 bathroom, providing a similar layout across both spaces. The property also includes detached parking spaces located at the rear of the building, accessed via an alley.
Located in Los Angeles, the property benefits from proximity to major destinations referenced in the offering materials, including USC, Exposition Park, and several nearby stadium and museum venues. The remarks also note quick access to DTLA, the 110 and 10 freeways, Metro lines, and LA Live, which may support tenant convenience for a variety of day-to-day needs.
For buyers seeking a duplex with repeatable unit configurations, the two 3-bedroom, 1-bath homes offer a practical structure for managing rental housing within a single asset. Rear detached parking accessed through an alley can help support resident needs while keeping parking separate from the main frontage. This property is offered for sale and may be of interest to investors or owner-occupants looking to combine a dual-unit setup with detached parking at the rear.
Located in Los Angeles, the property benefits from proximity to major destinations referenced in the offering materials, including USC, Exposition Park, and several nearby stadium and museum venues. The remarks also note quick access to DTLA, the 110 and 10 freeways, Metro lines, and LA Live, which may support tenant convenience for a variety of day-to-day needs.
For buyers seeking a duplex with repeatable unit configurations, the two 3-bedroom, 1-bath homes offer a practical structure for managing rental housing within a single asset. Rear detached parking accessed through an alley can help support resident needs while keeping parking separate from the main frontage. This property is offered for sale and may be of interest to investors or owner-occupants looking to combine a dual-unit setup with detached parking at the rear.
Key Highlights
- 1,925 sq ft duplex built in 1989 featuring two units with 3 bedrooms and 1 bathroom each
- Two 3BR/1BA units make this a straightforward residential income setup
- Detached parking spaces are located at the rear of the property
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
$32,162
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
3.83%
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%
$643,240
$643.2K
Cap Rate 7%
$459,457
$459.5K
Cap Rate 9%
$357,356
$357.4K
Market Conditions
NOI Build-Up for 1,925 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
$47.1K $24.48/SF
− Vacancy
−$1.2K −$0.61/SF
EGI
$45.9K $23.87/SF
− OpEx
−$13.8K −$7.16/SF
NOI
$32.2K $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%
$643,240
Cap Rate 7%
$459,457
Cap Rate 9%
$357,356
Alternative Uses
Best Use
Multifamily LT 5
$459.5K
$402.0K – $536.0K
NOI $32,162 @ 7.0% cap · market cap 3.83%
Second Best
Apartment 5plus
$408.4K
$357.3K – $476.4K
NOI $28,586 @ 7.0% cap · market cap 3.41%
Theoretical Best
Office A
$754.3K
$660.0K – $880.0K
NOI $52,800 @ 7.0% cap · market cap 6.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,755
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 - Two 3-bedroom, 1-bath units with rear alley access and detached parking provide a straightforward residential income setup.
Where is this duplex located?
The property is located at 323 W 47th Pl Los Angeles, CA.
What is the asking price?
The asking price for this property is $839,000.
What are key features of this property?
This property features: 1,925 sq ft duplex built in 1989 featuring two units with 3 bedrooms and 1 bathroom each; Two 3BR/1BA units make this a straightforward residential income setup; Detached parking spaces are located at the rear of the property
