Triplex with On-Site
For Sale
$699,900
Pending
560 S McDonnell, Los Angeles, CA 90022
Three-unit triplex offering a mix of two-bedroom and studio layouts with ample on-site parking.
Property Size1,502 SF
Days on Market52
Property Features for 560 S McDonnell
General Information
Standard status
Pending
Size
1,502 SF
Property subtype
Investment
Additional Details
Multifamily Units
3
Building Details
Building Size
1,502 SF
Year Built
1923
Stories
1
Units
3
Listing Agency:
(949) 679-0437
Listed By:
Victor Benjamin
(949) 679-0437
Source:
Elliman
Added: Jul 5
Changed: Aug 14
Last Checked: Aug 25 at 7:51AM
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 Victor Benjamin
Investment Insights
Based on property information with market context.
This triplex at 560 S McDonnell, Los Angeles, CA 90022 is configured with three separate units: a 2-bedroom, 1-bath front unit, a bungalow-style studio middle unit, and a 2-bedroom, 1-bath rear unit. The property is set up for multi-unit occupancy with ample on-site parking for residents and guests.
Situated in East Los Angeles near Whittier downtown, the home is positioned close to schools, shopping, dining, public transportation, and major freeways. Walk and transit scores provided in the listing indicate it is very walkable and has good access to transit options, supporting convenient day-to-day commuting.
For buyers seeking residential income property, the unit mix provides flexibility for tenant preferences, combining two-bedroom homes with a studio configuration within the same building. The presence of on-site parking can be a practical benefit for tenant move-in and day-to-day convenience. This is a straightforward opportunity to own a three-unit income property in a well-established East LA area.
Situated in East Los Angeles near Whittier downtown, the home is positioned close to schools, shopping, dining, public transportation, and major freeways. Walk and transit scores provided in the listing indicate it is very walkable and has good access to transit options, supporting convenient day-to-day commuting.
For buyers seeking residential income property, the unit mix provides flexibility for tenant preferences, combining two-bedroom homes with a studio configuration within the same building. The presence of on-site parking can be a practical benefit for tenant move-in and day-to-day convenience. This is a straightforward opportunity to own a three-unit income property in a well-established East LA area.
Key Highlights
- Three‑unit triplex built in 1923 in East Los Angeles
- Front unit: 2‑bedroom, 1‑bath layout
- Middle unit: Bungalo‑style studio
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$34,444
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.92%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$688,880
$688.9K
Cap Rate 7%
$492,057
$492.1K
Cap Rate 9%
$382,711
$382.7K
Market Conditions
NOI Build-Up for 1,502 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$50.5K $33.60/SF
− Vacancy
−$1.3K −$0.84/SF
EGI
$49.2K $32.76/SF
− OpEx
−$14.8K −$9.83/SF
NOI
$34.4K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$688,880
Cap Rate 7%
$492,057
Cap Rate 9%
$382,711
Alternative Uses
Best Use
Multifamily LT 5
$492.1K
$430.6K – $574.1K
NOI $34,444 @ 7.0% cap · market cap 4.92%
Second Best
Apartment 5plus
$448.6K
$392.5K – $523.4K
NOI $31,402 @ 7.0% cap · market cap 4.49%
Theoretical Best
Office A
$612.0K
$535.5K – $714.0K
NOI $42,838 @ 7.0% cap · market cap 6.12%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,538
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Three-unit triplex offering a mix of two-bedroom and studio layouts with ample on-site parking.
Where is this triplex located?
The property is located at 560 S McDonnell 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‑unit triplex built in 1923 in East Los Angeles; Front unit: 2‑bedroom, 1‑bath layout; Middle unit: Bungalo‑style studio
