Three-Unit Triplex with
For Sale
$749,000
341 E 71st St, Los Angeles, CA 90003
Income-producing residential property with a detached garage near freeways, transit, shopping, dining, schools, and Downtown Los Angeles.
Property Size1,970 SF
Days on Market146
Property Features for 341 E 71st St
General Information
Standard status
Active
Size
1,970 SF
Property subtype
MULTI_FAMILY
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
3 x 2BR/1BA
Multifamily Units
3
Building Details
Building Size
1,970 SF
Year Built
1931
Listing Agency:
The Core Agency
Listed By:
Moises Arroyo · License #01853838
(818) 723-0816
Source:
Milsteinestates
Added: May 26
Changed: Oct 7
Last Checked: Oct 16 at 6:20PM
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 The Core Agency
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Investment Insights
Based on property information with market context.
Built in 1931, this Los Angeles triplex contains three residential units, each configured with 2 bedrooms and 1 bathroom. The property also includes a detached garage, with potential for ADU conversion subject to buyer verification.
The property is located near major freeways and public transportation, with shopping, dining, schools, and Downtown Los Angeles nearby. Its three-unit configuration supports an owner-user arrangement or continued use as a multifamily rental property, subject to applicable requirements and verification.
The property is located near major freeways and public transportation, with shopping, dining, schools, and Downtown Los Angeles nearby. Its three-unit configuration supports an owner-user arrangement or continued use as a multifamily rental property, subject to applicable requirements and verification.
Key Highlights
- Three residential units, each with 2 bedrooms and 1 bathroom
- Detached garage with potential for ADU conversion; buyer to verify
- Built in 1931
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,597
Cap Rate
5.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$891,940
$891.9K
Cap Rate 7%
$637,100
$637.1K
Cap Rate 9%
$495,522
$495.5K
Market Conditions
NOI Build-Up for 1,970 SF
Gross rent
$65.0K $33.00/SF
− Vacancy
−$1.3K −$0.66/SF
EGI
$63.7K $32.34/SF
− OpEx
−$19.1K −$9.70/SF
NOI
$44.6K $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 Rate 5%
$891,940
Cap Rate 7%
$637,100
Cap Rate 9%
$495,522
Alternative Uses
Best Use
Apartment 5plus
$34.83M
$30.47M – $40.63M
NOI $2,437,981 @ 7.0% cap · market cap 325.50%
Second Best
Multifamily LT 5
$637.1K
$557.5K – $743.3K
NOI $44,597 @ 7.0% cap · market cap 5.95%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
3
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,485
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
Frequently Asked Questions
What type of property is this?
Triplex - Income-producing residential property with a detached garage near freeways, transit, shopping, dining, schools, and Downtown Los Angeles.
Where is this triplex located?
The property is located at 341 E 71st St Los Angeles, CA.
What is the asking price?
The asking price for this property is $749,000.
What are key features of this property?
This property features: Three residential units, each with 2 bedrooms and 1 bathroom; Detached garage with potential for ADU conversion; buyer to verify; Built in 1931
