Four-Unit Residential
New
For Sale
$959,000
338 W 74th, Los Angeles, CA 90003
Three residences are scheduled for delivery vacant.
Property Size2,074 SF
Lot Size0.15 Acres
Price / SF$462.39
Days on Market3
Property Features for 338 W 74th
General Information
Standard status
Active
Size
2,074 SF
Total Parking Spaces
6
Lot size
0.15 Acres
Property subtype
MULTI_FAMILY
Additional Details
Highway Access
Yes
Multifamily Units
4
Building Details
Building Size
2,074 SF
Year Built
1924
Listing Agency:
Century 21 Masters
Listed By:
Enrique Campos · License #01806053
(818) 892-9314
Source:
Milsteinestates
Added: Sep 24
Changed: Sep 26
Last Checked: Sep 26 at 10:56AM
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 Masters
Investment Insights
Based on property information with market context.
This four-unit residential property contains 2,074 square feet across three units and a newly constructed ADU. Built in 1924, the complex sits on a 6,352-square-foot lot and includes off-street parking for six cars. Three of the four units are being delivered vacant.
The property is along Interstate 110, with access to Downtown Los Angeles to the north and Torrance and Long Beach to the south.
The property is along Interstate 110, with access to Downtown Los Angeles to the north and Torrance and Long Beach to the south.
Key Highlights
- Four residential units, including a newly constructed ADU
- Three of the four units are being delivered vacant
- 2,074 square feet of building area
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
$46,951
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
4.90%
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%
$939,020
$939.0K
Cap Rate 7%
$670,729
$670.7K
Cap Rate 9%
$521,678
$521.7K
Market Conditions
NOI Build-Up for 2,074 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
$68.4K $33.00/SF
− Vacancy
−$1.4K −$0.66/SF
EGI
$67.1K $32.34/SF
− OpEx
−$20.1K −$9.70/SF
NOI
$47.0K $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%
$939,020
Cap Rate 7%
$670,729
Cap Rate 9%
$521,678
Alternative Uses
Best Use
Apartment 5plus
$36.67M
$32.08M – $42.78M
NOI $2,566,687 @ 7.0% cap · market cap 267.64%
Second Best
Multifamily LT 5
$670.7K
$586.9K – $782.5K
NOI $46,951 @ 7.0% cap · market cap 4.90%
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
4
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,445
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Three residences are scheduled for delivery vacant.
Where is this quadplex located?
The property is located at 338 W 74th Los Angeles, CA.
What is the asking price?
The asking price for this property is $959,000.
What are key features of this property?
This property features: Four residential units, including a newly constructed ADU; Three of the four units are being delivered vacant; 2,074 square feet of building area
