Remodeled Rear-Unit
For Sale
$699,999
549 Hoefner, Los Angeles, CA 90022
Three-unit residential income property with gated parking and a recently upgraded detached rear residence.
Property Size2,103 SF
Days on Market52
Property Features for 549 Hoefner
General Information
Standard status
Active
Size
2,103 SF
Total Parking Spaces
2
Property subtype
MULTI_FAMILY
Units
Unit Mix
1 x 2BR/1BA front unit, 1 x 1BR/1BA middle unit, 1 x 2BR/1BA detached rear unit
Multifamily Units
3
Building Details
Building Size
2,103 SF
Year Built
1936
Listing Agency:
T.N.G. Real Estate Consultants
Listed By:
Jeremy Welsh · License #01920764
(714) 206-3232
Source:
Milsteinestates
Added: Sep 9
Changed: Oct 25
Last Checked: Oct 28 at 3:30PM
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 T.N.G. Real Estate Consultants
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Investment Insights
Based on property information with market context.
Located at 549 Hoefner in Los Angeles, this triplex was built in 1936 and contains three separate residential units. The unit mix includes a two-bedroom, one-bathroom front residence, a one-bedroom, one-bathroom middle residence, and a detached two-bedroom, one-bathroom rear unit. The middle residence is separated from the front unit by a garage, while the rear residence has been recently remodeled and upgraded.
Two units are currently tenant occupied, with tenants reported to be current, in good standing, and interested in remaining at the property. The asset also includes two gated parking spaces, adding a defined on-site parking component to the property. Buyer to independently verify unit details, rents, expenses, permits, zoning, and any development or income opportunities with the appropriate authorities.
Two units are currently tenant occupied, with tenants reported to be current, in good standing, and interested in remaining at the property. The asset also includes two gated parking spaces, adding a defined on-site parking component to the property. Buyer to independently verify unit details, rents, expenses, permits, zoning, and any development or income opportunities with the appropriate authorities.
Key Highlights
- Three separate residential units with a two‑bedroom, one‑bathroom; one‑bedroom, one‑bathroom; and two‑bedroom, one‑bathroom mix
- Detached rear unit recently remodeled and upgraded
- Two gated parking spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$48,226
Cap Rate
6.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$964,520
$964.5K
Cap Rate 7%
$688,943
$688.9K
Cap Rate 9%
$535,844
$535.8K
Market Conditions
NOI Build-Up for 2,103 SF
Gross rent
$70.7K $33.60/SF
− Vacancy
−$1.8K −$0.84/SF
EGI
$68.9K $32.76/SF
− OpEx
−$20.7K −$9.83/SF
NOI
$48.2K $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%
$964,520
Cap Rate 7%
$688,943
Cap Rate 9%
$535,844
Alternative Uses
Best Use
Multifamily LT 5
$688.9K
$602.8K – $803.8K
NOI $48,226 @ 7.0% cap · market cap 6.89%
Second Best
Apartment 5plus
$628.1K
$549.6K – $732.8K
NOI $43,967 @ 7.0% cap · market cap 6.28%
Theoretical Best
Office A
$856.8K
$749.7K – $999.7K
NOI $59,979 @ 7.0% cap · market cap 8.57%
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
2,155
Businesses Nearby
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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
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Triplex - Three-unit residential income property with gated parking and a recently upgraded detached rear residence.
Where is this triplex located?
The property is located at 549 Hoefner Los Angeles, CA.
What is the asking price?
The asking price for this property is $699,999.
What are key features of this property?
This property features: Three separate residential units with a two‑bedroom, one‑bathroom; one‑bedroom, one‑bathroom; and two‑bedroom, one‑bathroom mix; Detached rear unit recently remodeled and upgraded; Two gated parking spaces
