3-Unit Triplex with Covered
509 Belden AVE, Los Angeles, CA 90022
For Sale
$1,100,000
Each residence includes two bedrooms, one bathroom, and central heating and cooling.
Property Size2,921 SF
Days on Market10
Property Features for 509 Belden AVE
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Building Details
Building Size
Year Built
Buildings
Listing Agency:
Commonwealth Realty Group
Listed By:
ANTONY VERDUGO · License #02190346
Source:
Milsteinestates
Added: Oct 30
Changed: Nov 7
Last Checked: Nov 1 at 8:52AM
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 Commonwealth Realty Group
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Investment Insights
Based on property information with market context.
This standalone triplex contains three residences, arranged with two units on the upper level and one below. Each has two bedrooms and one bathroom, a kitchen beside a dedicated dining area, and an indoor laundry space. Laminate flooring is used in living rooms and bedrooms, while kitchens and bathrooms have tile. Central air conditioning and heating serve each unit, and assigned covered parking is provided.
Nearby retail and entertainment options named for the area include Target, Ross, El Super, Starbucks, Edwards Movie Theater, Atlantic Square, and the Citadel Outlets.
Nearby retail and entertainment options named for the area include Target, Ross, El Super, Starbucks, Edwards Movie Theater, Atlantic Square, and the Citadel Outlets.
Key Highlights
- Three residences: two upstairs and one downstairs
- Each unit has 2 bedrooms and 1 bathroom
- Central air conditioning and heating in every unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$66,984
Cap Rate
6.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,339,680
$1.3M
Cap Rate 7%
$956,914
$956.9K
Cap Rate 9%
$744,267
$744.3K
Market Conditions
NOI Build-Up for 2,921 SF
Gross rent
$98.1K $33.60/SF
− Vacancy
−$2.5K −$0.84/SF
EGI
$95.7K $32.76/SF
− OpEx
−$28.7K −$9.83/SF
NOI
$67.0K $22.93/SF
Area
ZIP 90022
Vacancy
2.50%
Lease Rate
$33.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,339,680
Cap Rate 7%
$956,914
Cap Rate 9%
$744,267
Alternative Uses
Best Use
Multifamily LT 5
$956.9K
$837.3K – $1.12M
NOI $66,984 @ 7.0% cap · market cap 6.09%
Second Best
Apartment 5plus
$872.4K
$763.4K – $1.02M
NOI $61,068 @ 7.0% cap · market cap 5.55%
Theoretical Best
Office A
$1.19M
$1.04M – $1.39M
NOI $83,308 @ 7.0% cap · market cap 7.57%
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
1,974
Businesses Nearby
Explore this area
Business Placement
Demographics for 90022, CA
64,517
Population
17,845
Households
3.6
Avg Household Size
34
Median Age
10%
College-Educated
56%
High-School Grad
4.4 sq mi
ZIP Area
14,663
Density / Sq Mi
$67,829
Median Household Income
$32,304
Median Earnings
$1,407
Median Rent
$603,500
Median Home Value
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Market
Average Price Trend$/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 - Each residence includes two bedrooms, one bathroom, and central heating and cooling.
Where is this triplex located?
The property is located at 509 Belden AVE Los Angeles, CA.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Three residences: two upstairs and one downstairs; Each unit has 2 bedrooms and 1 bathroom; Central air conditioning and heating in every unit
