Three-Unit Property with Four-Car
3830 S Figueroa ST, Los Angeles, CA 90037
For Sale
$2,000,000
Separate gas and electrical metering serves the three residences, each with interior laundry hookups.
Property Size3,584 SF
Days on Market97
Property Features for 3830 S Figueroa ST
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Zoning
Site & Location
Neighborhood
Public Transit
Utilities to Site
Units
Unit Mix
Multifamily Units
Amenities
inside laundry hookups
Building Details
Building Size
Year Built
Listing Agency:
Ontrak Real Estate
Listed By:
Maria Rissler · License #01701684
(310) 429-4984
Source:
Rochellemaize
Added: Aug 3
Changed: Nov 6
Last Checked: Nov 6 at 3:31PM
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 Ontrak Real Estate
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Investment Insights
Based on property information with market context.
This 1923 triplex contains three residences arranged across two levels. The upper unit offers 3 bedrooms and 1 bathroom, while the two lower units each have 1 bedroom and 1 bathroom. Every residence includes hookups for an in-unit laundry setup. The property also provides a four-car garage, three gas meters, three electrical meters, and one water meter. Zoning is LAC2, and all three units are currently unoccupied.
The property is across from BMO Stadium and the Expo Center, with the Los Angeles Memorial Coliseum, Natural History Museum, California African American Museum, California Science Center, and Lucas Museum Narrative Art nearby. The University of Southern California is within walking distance. WalkScore is 74, BikeScore is 78, and TransitScore is 61.
The property is across from BMO Stadium and the Expo Center, with the Los Angeles Memorial Coliseum, Natural History Museum, California African American Museum, California Science Center, and Lucas Museum Narrative Art nearby. The University of Southern California is within walking distance. WalkScore is 74, BikeScore is 78, and TransitScore is 61.
Key Highlights
- Three‑unit layout with one 3‑bedroom/1‑bath upstairs residence and two 1‑bedroom/1‑bath downstairs residences
- Four‑car garage included
- Three gas meters, three electrical meters, and one water meter
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$59,880
Cap Rate
2.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,197,600
$1.2M
Cap Rate 7%
$855,429
$855.4K
Cap Rate 9%
$665,333
$665.3K
Market Conditions
NOI Build-Up for 3,584 SF
Gross rent
$87.7K $24.48/SF
− Vacancy
−$2.2K −$0.61/SF
EGI
$85.5K $23.87/SF
− OpEx
−$25.7K −$7.16/SF
NOI
$59.9K $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 Rate 5%
$1,197,600
Cap Rate 7%
$855,429
Cap Rate 9%
$665,333
Alternative Uses
Best Use
Multifamily LT 5
$855.4K
$748.5K – $998.0K
NOI $59,880 @ 7.0% cap · market cap 2.99%
Second Best
Apartment 5plus
$760.3K
$665.3K – $887.0K
NOI $53,222 @ 7.0% cap · market cap 2.66%
Theoretical Best
Office A
$1.40M
$1.23M – $1.64M
NOI $98,304 @ 7.0% cap · market cap 4.92%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
2,199
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
$632,600
Median Home Value
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Market
Average Price Trend$/SF for Triplexes in Los Angeles, CA
Properties on Market for Triplexes in Los Angeles
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Triplex - Separate gas and electrical metering serves the three residences, each with interior laundry hookups.
Where is this triplex located?
The property is located at 3830 S Figueroa ST Los Angeles, CA.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: Three‑unit layout with one 3‑bedroom/1‑bath upstairs residence and two 1‑bedroom/1‑bath downstairs residences; Four‑car garage included; Three gas meters, three electrical meters, and one water meter
