Triplex with Single-Level
For Sale
$699,000
5964 S Figueroa St, Los Angeles, CA 90003
MULTI_FAMILY - Los Angeles, CA
Property Size2,240 SF
Lot Size0.10 Acres
Price / SF$312.05
Days on Market163
Property Features for 5964 S Figueroa St
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
LAC2
Bedrooms
6
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 1, Bathroom 2, Bedroom 2, Bedroom 6, Bedroom 4, Bedroom 5, Bedroom 3, Bedroom 1, Bathroom 3
Parking features
Driveway
Directions
S of Slauson N of Gage
Subdivision
Downtown L.A.
Standard status
Active
APN
6004-038-019
Size
2,240 SF
Lot size
0.10 Acres
Utilities
Heating system
Natural Gas
Cooling system
Ceiling Fan(s)
Building Details
Year built
1901
Floors in Building
1
Number of units
3
Listing Agency:
Exclusive Realty Inc
(424) 248-0224
Listed By:
Ifrah Khoubian · License #01961974
(310) 717-9111
Added: Mar 6
Changed: Aug 9
Last Checked: Aug 16 at 7:06AM
MLS# 26659865
Copyright © 2026 The MLS/CLAW. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This triplex offers three single-level units on a 0.0971-acre lot. The property is described as a total of six bedrooms across the three units. Public remarks indicate one unit is currently vacant and available for owner occupancy, with the other units occupied by tenants. One unit is noted as totally remodeled, and two units are described as having handicapped ramps. An on-site back yard is referenced for added outdoor utility.
Built in 1901, the property has natural gas heating and ceiling fan cooling. Parking is available via a driveway. The address is 5964 S Figueroa St, Los Angeles, CA 90003, with remarks noting convenient access to Downtown LA, the Coliseum, USC, STAPLES Center, and transportation.
Zoning is listed as LAC2.
Built in 1901, the property has natural gas heating and ceiling fan cooling. Parking is available via a driveway. The address is 5964 S Figueroa St, Los Angeles, CA 90003, with remarks noting convenient access to Downtown LA, the Coliseum, USC, STAPLES Center, and transportation.
Zoning is listed as LAC2.
Key Highlights
- Three single‑level units totaling six bedrooms
- One unit vacancy available for owner occupancy
- One unit totally remodeled
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
$50,709
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
7.25%
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%
$1,014,180
$1.0M
Cap Rate 7%
$724,414
$724.4K
Cap Rate 9%
$563,433
$563.4K
Market Conditions
NOI Build-Up for 2,240 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
$73.9K $33.00/SF
− Vacancy
−$1.5K −$0.66/SF
EGI
$72.4K $32.34/SF
− OpEx
−$21.7K −$9.70/SF
NOI
$50.7K $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 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%
$1,014,180
Cap Rate 7%
$724,414
Cap Rate 9%
$563,433
Alternative Uses
Best Use
Apartment 5plus
$39.60M
$34.65M – $46.20M
NOI $2,772,121 @ 7.0% cap · market cap 396.58%
Second Best
Multifamily LT 5
$724.4K
$633.9K – $845.2K
NOI $50,709 @ 7.0% cap · market cap 7.25%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,534
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
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 - Zoned LAC2 triplex with natural gas heating, ceiling fans, and driveway parking, offering owner-occupant vacancy.
Where is this triplex located?
The property is located at 5964 S Figueroa St Los Angeles, CA.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: Three single‑level units totaling six bedrooms; One unit vacancy available for owner occupancy; One unit totally remodeled
