Triplex with Garage
6038 Easton St, Los Angeles, CA 90022
For Sale
$865,000
Two renovated apartments are vacant, while the remaining one-bedroom unit is occupied.
Property Size2,225 SF
Lot Size0.09 Acres
Price / SF$388.76
Days on Market15
Property Features for 6038 Easton St
General Information
Standard status
Size
Net Rentable
Total Parking Spaces
Lot size
Property subtype
Zoning
Site & Location
Highway Access
Road Access
Units
Unit Mix
Multifamily Units
Additional Details
Gross Rent Multiplier
Tenant in Place
Building Details
Year Built
Buildings
Listing Agency:
Kidder Mathews of California, Inc.
Listed By:
Casey Lins · License #01902650
(714) 333-6768
Source:
Exprealty
Added: Oct 26
Changed: Nov 8
Last Checked: Nov 8 at 3:10AM
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 Kidder Mathews of California, Inc.
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Investment Insights
Based on property information with market context.
This 1948 triplex includes 2,225 rentable square feet across two structures on a 3,993-square-foot lot. The front building is a single-story duplex; a separate rear apartment sits above three one-car garages. The unit mix is two one-bedroom, one-bathroom apartments and one two-bedroom apartment. One front unit is occupied, while the other one-bedroom apartment and the rear two-bedroom apartment are renovated and vacant. The property has LCR3YY zoning and alley access.
The site is one block north of Olympic Boulevard, with access to the 5, 710, 60, and 10 freeways. The stated 12.65 GRM and 5.51% cap rate are based on lease-up of the two vacant units.
The site is one block north of Olympic Boulevard, with access to the 5, 710, 60, and 10 freeways. The stated 12.65 GRM and 5.51% cap rate are based on lease-up of the two vacant units.
Key Highlights
- Two renovated apartments delivered vacant; the third unit is occupied
- Unit mix: two 1‑bedroom, 1‑bathroom units and one 2‑bedroom unit
- 2,225 rentable square feet on a 3,993‑square‑foot lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$51,024
Cap Rate
5.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,020,480
$1.0M
Cap Rate 7%
$728,914
$728.9K
Cap Rate 9%
$566,933
$566.9K
Market Conditions
NOI Build-Up for 2,225 SF
Gross rent
$74.8K $33.60/SF
− Vacancy
−$1.9K −$0.84/SF
EGI
$72.9K $32.76/SF
− OpEx
−$21.9K −$9.83/SF
NOI
$51.0K $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%
$1,020,480
Cap Rate 7%
$728,914
Cap Rate 9%
$566,933
Alternative Uses
Best Use
Multifamily LT 5
$728.9K
$637.8K – $850.4K
NOI $51,024 @ 7.0% cap · market cap 5.90%
Second Best
Apartment 5plus
$664.5K
$581.5K – $775.3K
NOI $46,517 @ 7.0% cap · market cap 5.38%
Theoretical Best
Office A
$906.5K
$793.2K – $1.06M
NOI $63,458 @ 7.0% cap · market cap 7.34%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Open Analytics
Lease Details
3
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,433
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 - Two renovated apartments are vacant, while the remaining one-bedroom unit is occupied.
Where is this triplex located?
The property is located at 6038 Easton St Los Angeles, CA.
What is the asking price?
The asking price for this property is $865,000.
What are key features of this property?
This property features: Two renovated apartments delivered vacant; the third unit is occupied; Unit mix: two 1‑bedroom, 1‑bathroom units and one 2‑bedroom unit; 2,225 rentable square feet on a 3,993‑square‑foot lot
