Los Angeles Four-Unit Multifamily
For Sale
$849,000
343 W 77th ST, Los Angeles, CA 90003
Four units, fully rented, great for investors or owner-occupiers.
Property Size2,556 SF
Days on Market159
Property Features for 343 W 77th ST
General Information
Standard status
Active
Size
2,556 SF
Property subtype
MULTI_FAMILY
Building Details
Building Size
2,556 SF
Year Built
1933
Listing Agency:
RICO & RICO REALTY AND ASSOCIATES
Listed By:
CONSUELO RODRIGUEZ · License #01762067
(626) 280-9232
Source:
Milsteinestates
Added: Mar 30
Changed: Aug 25
Last Checked: Sep 4 at 10:50AM
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 RICO & RICO REALTY AND ASSOCIATES
Investment Insights
Based on property information with market context.
This multifamily property features four units located in Los Angeles, California. Each unit contains two bedrooms and one bathroom, with one unit offering three bedrooms and one bathroom. The property is fully rented and suitable for both new and experienced investors. Each unit has separate gas and electric meters. The location has a bike score of 66, indicating it is bikeable, a walk score of 66, indicating it is somewhat walkable, and a transit score of 62, indicating good transit options.
Key Highlights
- Four units, including a larger three‑bedroom unit, offering diverse rental options.
- Fully rented, providing immediate rental income.
- Separate gas and electric meters for each unit, simplifying utility management.
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
$57,863
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
6.82%
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%
$1,157,260
$1.2M
Cap Rate 7%
$826,614
$826.6K
Cap Rate 9%
$642,922
$642.9K
Market Conditions
NOI Build-Up for 2,556 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
$84.3K $33.00/SF
− Vacancy
−$1.7K −$0.66/SF
EGI
$82.7K $32.34/SF
− OpEx
−$24.8K −$9.70/SF
NOI
$57.9K $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%
$1,157,260
Cap Rate 7%
$826,614
Cap Rate 9%
$642,922
Alternative Uses
Best Use
Apartment 5plus
$45.19M
$39.54M – $52.72M
NOI $3,163,188 @ 7.0% cap · market cap 372.58%
Second Best
Multifamily LT 5
$826.6K
$723.3K – $964.4K
NOI $57,863 @ 7.0% cap · market cap 6.82%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,539
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Quadplex - Four units, fully rented, great for investors or owner-occupiers.
Where is this quadplex located?
The property is located at 343 W 77th ST Los Angeles, CA.
What is the asking price?
The asking price for this property is $849,000.
What are key features of this property?
This property features: Four units, including a larger three‑bedroom unit, offering diverse rental options.; Fully rented, providing immediate rental income.; Separate gas and electric meters for each unit, simplifying utility management.
