Los Angeles
347 E 75th Street, Los Angeles, CA 90003
For Sale
New
$899,999
The two-address property is described as updated and offers a duplex configuration.
Property Size1,900 SF
Days on Market5
Property Features for 347 E 75th Street
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Additional Details
Multifamily Units
Building Details
Building Size
Year Built
Buildings
Listing Agency:
CORNERSTONE REALTY GROUP
Listed By:
SUZIE HERRERA · License CA #01376091
Source:
Milsteinestates
Added: Nov 5
Changed: Nov 8
Last Checked: Nov 8 at 2:31PM
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 CORNERSTONE REALTY GROUP
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Investment Insights
Based on property information with market context.
At 347 and 349 E 75th Street, this duplex was built in 1926. The property is described as updated, with refreshed interiors and living spaces. Its two-address configuration allows for separate occupancy, including the owner-occupant arrangement described for the property.
Key Highlights
- Duplex property at 347 and 349 E 75th Street
- Built in 1926
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,012
Cap Rate
4.78%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$860,240
$860.2K
Cap Rate 7%
$614,457
$614.5K
Cap Rate 9%
$477,911
$477.9K
Market Conditions
NOI Build-Up for 1,900 SF
Gross rent
$62.7K $33.00/SF
− Vacancy
−$1.3K −$0.66/SF
EGI
$61.4K $32.34/SF
− OpEx
−$18.4K −$9.70/SF
NOI
$43.0K $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 Rate 5%
$860,240
Cap Rate 7%
$614,457
Cap Rate 9%
$477,911
Alternative Uses
Best Use
Multifamily LT 5
$614.5K
$537.7K – $716.9K
NOI $43,012 @ 7.0% cap · market cap 4.78%
Second Best
Apartment 5plus
$436.8K
$382.2K – $509.6K
NOI $30,573 @ 7.0% cap · market cap 3.40%
Theoretical Best
Office A
$774.1K
$677.4K – $903.2K
NOI $54,189 @ 7.0% cap · market cap 6.02%
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
1,487
Businesses Nearby
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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
$547,600
Median Home Value
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Market
Average Price Trend$/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 two-address property is described as updated and offers a duplex configuration.
Where is this duplex located?
The property is located at 347 E 75th Street Los Angeles, CA.
What is the asking price?
The asking price for this property is $899,999.
What are key features of this property?
This property features: Duplex property at 347 and 349 E 75th Street; Built in 1926
