Three-Unit Residential
For Sale
$699,900
427 E 98th St, Los Angeles, CA 90003
Three apartments include two three-bedroom layouts and a remodeled one-bedroom unit.
Property Size1,846 SF
Price / SF$379.14
Days on Market124
Property Features for 427 E 98th St
General Information
Standard status
Active
Size
1,846 SF
Property subtype
MULTI_FAMILY
Site & Location
Neighborhood
South Los Angeles
Units
Unit Mix
2 x 3bd + 1ba, 1 x 1bd + 1ba
Multifamily Units
3
Additional Details
Tenant in Place
Yes
Building Details
Building Size
1,846 SF
Year Built
1943
Listing Agency:
R.S. Cooper & Assocs Realty
Listed By:
Nandi Cooper · License #01379199
(310) 613-2437
Source:
Highend-estates
Added: Jun 26
Changed: Oct 26
Last Checked: Oct 26 at 3:09PM
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 R.S. Cooper & Assocs Realty
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Investment Insights
Based on property information with market context.
This three-unit residential property contains two apartments with three bedrooms and one bathroom each, plus a one-bedroom, one-bathroom apartment. One of the three-bedroom units has been upgraded, while the other needs work. The one-bedroom unit was fully remodeled in 2025.
Built in 1943, the property contains 1,846 square feet and is located at 427 E 98th St in Los Angeles. Two units are rented through Section 8.
Built in 1943, the property contains 1,846 square feet and is located at 427 E 98th St in Los Angeles. Two units are rented through Section 8.
Key Highlights
- Three units: two 3‑bedroom, 1‑bath apartments and one 1‑bedroom, 1‑bath apartment
- One three‑bedroom unit has been upgraded; the other needs work
- One‑bedroom unit fully remodeled in 2025
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,790
Cap Rate
5.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$835,800
$835.8K
Cap Rate 7%
$597,000
$597.0K
Cap Rate 9%
$464,333
$464.3K
Market Conditions
NOI Build-Up for 1,846 SF
Gross rent
$60.9K $33.00/SF
− Vacancy
−$1.2K −$0.66/SF
EGI
$59.7K $32.34/SF
− OpEx
−$17.9K −$9.70/SF
NOI
$41.8K $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%
$835,800
Cap Rate 7%
$597,000
Cap Rate 9%
$464,333
Alternative Uses
Best Use
Apartment 5plus
$32.64M
$28.56M – $38.08M
NOI $2,284,525 @ 7.0% cap · market cap 326.41%
Second Best
Multifamily LT 5
$597.0K
$522.4K – $696.5K
NOI $41,790 @ 7.0% cap · market cap 5.97%
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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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
818
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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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Triplex - Three apartments include two three-bedroom layouts and a remodeled one-bedroom unit.
Where is this triplex located?
The property is located at 427 E 98th St Los Angeles, CA.
What is the asking price?
The asking price for this property is $699,900.
What are key features of this property?
This property features: Three units: two 3‑bedroom, 1‑bath apartments and one 1‑bedroom, 1‑bath apartment; One three‑bedroom unit has been upgraded; the other needs work; One‑bedroom unit fully remodeled in 2025
