Four-Unit Quadplex with
For Sale
$899,999
6114 Wall, Los Angeles, CA 90003
Four one-bedroom residences include updated electrical panels and mini-split HVAC systems in three units.
Property Size2,652 SF
Lot Size0.12 Acres
Days on Market29
Property Features for 6114 Wall
General Information
Standard status
Active
Size
2,652 SF
Lot size
0.12 Acres
Property subtype
Quadruplex
Zoning
R2
Site & Location
Highway Access
Yes
Road Access
Yes
Public Transit
Yes
Units
Unit Mix
4 x 1BR/1BA
Multifamily Units
4
Building Details
Building Size
2,652 SF
Year Built
1922
Listing Agency:
eXp Realty of California Inc.
(323) 440-8662
Listed By:
Samuel Barragan · License #02154974
Source:
Truthrealty
Added: Jul 13
Changed: Aug 10
Last Checked: Aug 10 at 8:10AM
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 eXp Realty of California Inc.
Investment Insights
Based on property information with market context.
Built in 1922, this quadplex contains four separate 1-bedroom, 1-bathroom units on a 5,117 sq. ft. R2 corner lot. Recent work includes new electrical panels throughout and new mini-split HVAC systems serving three of the four residences. One unit has two dedicated off-street parking spaces, while street parking is also available. A driveway provides on-site access.
The property is located near LAX, SoFi Stadium, shopping centers, hospitals, major freeways, and public transportation. Its four-unit configuration includes the option for an owner-occupant arrangement, with one residence available for personal use and three additional units on the property.
The property is located near LAX, SoFi Stadium, shopping centers, hospitals, major freeways, and public transportation. Its four-unit configuration includes the option for an owner-occupant arrangement, with one residence available for personal use and three additional units on the property.
Key Highlights
- Four 1‑bedroom, 1‑bathroom units
- 5,117 sq. ft. R2 corner lot
- New electrical panels installed throughout
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
$60,036
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
6.67%
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%
$1,200,720
$1.2M
Cap Rate 7%
$857,657
$857.7K
Cap Rate 9%
$667,067
$667.1K
Market Conditions
NOI Build-Up for 2,652 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
$87.5K $33.00/SF
− Vacancy
−$1.8K −$0.66/SF
EGI
$85.8K $32.34/SF
− OpEx
−$25.7K −$9.70/SF
NOI
$60.0K $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%
$1,200,720
Cap Rate 7%
$857,657
Cap Rate 9%
$667,067
Alternative Uses
Best Use
Apartment 5plus
$46.89M
$41.02M – $54.70M
NOI $3,281,993 @ 7.0% cap · market cap 364.67%
Second Best
Multifamily LT 5
$857.7K
$750.5K – $1.00M
NOI $60,036 @ 7.0% cap · market cap 6.67%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
4
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,269
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Quadplex - Four one-bedroom residences include updated electrical panels and mini-split HVAC systems in three units.
Where is this quadplex located?
The property is located at 6114 Wall Los Angeles, CA.
What is the asking price?
The asking price for this property is $899,999.
What are key features of this property?
This property features: Four 1‑bedroom, 1‑bathroom units; 5,117 sq. ft. R2 corner lot; New electrical panels installed throughout
