3-Unit Residential
507 S GRANDE VISTA Avenue, Los Angeles, CA 90063
For Sale
$785,000
Los Angeles, CA
Property Size2,278 SF
Lot Size0.15 Acres
Price / SF$344.60
Days on Market53
Property Features for 507 S GRANDE VISTA Avenue
General Information
Property type
Property subtype
Bedrooms
Bathrooms
Full bathrooms
Rooms
Fireplace
Lot features
Elementary school district
Middle school district
High school district
Directions
Subdivision
Standard status
APN
Size
Lot size
Utilities
Sewer type
Water source
Building Details
Year built
Floors in Building
Number of units
Listing Agency:
Merl Real Estate Corp
(951) 432-5175
Listed By:
Eric Newman · License #01294882
(949) 491-5911
Added: Sep 18
Changed: Nov 6
Last Checked: Nov 9 at 5:06AM
MLS# SW26197208
Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
The triplex contains approximately 2,278 square feet on a 6,345-square-foot lot and dates to 1914. Reported unit layouts are four bedrooms and two baths, one bedroom and one bath, and two bedrooms and one bath. Unit status, room counts, and permitted uses should be verified with City Planning and relevant city departments. The property has a fireplace and public water and sewer service. It is being offered in its current condition; proposed improvements, repairs, and upgrades are not included.
Key Highlights
- Three reported units: 4 beds/2 baths, 1 bed/1 bath, and 2 beds/1 bath; verify layouts and status with city departments
- Approximately 2,278 square feet on a 6,345‑square‑foot lot
- Built in 1914
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,782
Cap Rate
5.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$795,640
$795.6K
Cap Rate 7%
$568,314
$568.3K
Cap Rate 9%
$442,022
$442.0K
Market Conditions
NOI Build-Up for 2,278 SF
Gross rent
$61.5K $27.00/SF
− Vacancy
−$4.7K −$2.05/SF
EGI
$56.8K $24.95/SF
− OpEx
−$17.0K −$7.48/SF
NOI
$39.8K $17.46/SF
Area
Los Angeles County, CA
Vacancy
7.60%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$795,640
Cap Rate 7%
$568,314
Cap Rate 9%
$442,022
Alternative Uses
Best Use
Multifamily LT 5
$568.3K
$497.3K – $663.0K
NOI $39,782 @ 7.0% cap · market cap 5.07%
Second Best
Apartment 5plus
$523.6K
$458.2K – $610.9K
NOI $36,655 @ 7.0% cap · market cap 4.67%
Theoretical Best
Office A
$951.1K
$832.2K – $1.11M
NOI $66,576 @ 7.0% cap · market cap 8.48%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,160
Businesses Nearby
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Business Placement
Demographics for 90063, CA
50,227
Population
14,046
Households
3.6
Avg Household Size
34
Median Age
13%
College-Educated
56%
High-School Grad
3.3 sq mi
ZIP Area
15,220
Density / Sq Mi
$71,725
Median Household Income
$33,832
Median Earnings
$1,489
Median Rent
$619,100
Median Home Value
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Market
Average Price Trend$/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 - Reported layouts include a four-bedroom unit, a one-bedroom unit, and a two-bedroom unit.
Where is this triplex located?
The property is located at 507 S GRANDE VISTA Avenue Los Angeles, CA.
What is the asking price?
The asking price for this property is $785,000.
What are key features of this property?
This property features: Three reported units: 4 beds/2 baths, 1 bed/1 bath, and 2 beds/1 bath; verify layouts and status with city departments; Approximately 2,278 square feet on a 6,345‑square‑foot lot; Built in 1914
