Remodeled Quadplex with Rental
For Sale
$889,000
6114 Wall, Los Angeles, CA 90003
Los Angeles, CA
Property Size2,652 SF
Lot Size0.12 Acres
Price / SF$335.22
Days on Market55
Property Features for 6114 Wall
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Bedrooms
4
Bathrooms
4
Full bathrooms
4
Rooms
Laundry Room, Bedroom 4, Bathroom 3, Bathroom 4, Bedroom 1, Bedroom 2, Bedroom 3, Bathroom 1, Bathroom 2
Lot features
2-5 Units/ Acre
Elementary school district
Los Angeles Unified
Middle school district
Los Angeles Unified
High school district
Los Angeles Unified
Directions
Between San Pedro St. and Main St.
Subdivision
699 - Not Defined
Standard status
Active
APN
6006009019
Size
2,652 SF
Lot size
0.12 Acres
Utilities
Sewer type
Public Sewer
Building Details
Year built
1922
Floors in Building
1
Number of units
2
Listing Agency:
eXp Realty of California Inc.
(888) 832-7179
Listed By:
Samuel Barragan · License #02154974
(323) 440-8662
Added: Jul 6
Changed: Aug 28
Last Checked: Aug 29 at 5:06AM
MLS# DW26151244
Copyright © 2026 California Regional Multiple Listing Service, Inc. 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 1922 quadplex contains four one-bedroom, one-bath residences within 2,652 square feet. One unit has been remodeled and is vacant, while the other three are rented. Parking includes street availability for three residences and two dedicated spaces for the remaining unit. The property also offers driveway access and updated electrical systems.
Set on a 5,117 square foot R2-zoned lot in Los Angeles, the building occupies a corner location with frontage along Wall. Public sewer serves the property, and nearby context includes shops, hospitals, LAX, SoFi Stadium, major freeways, and public transportation. The four-unit configuration provides an owner-occupant setup with three rented residences and one available unit.
Set on a 5,117 square foot R2-zoned lot in Los Angeles, the building occupies a corner location with frontage along Wall. Public sewer serves the property, and nearby context includes shops, hospitals, LAX, SoFi Stadium, major freeways, and public transportation. The four-unit configuration provides an owner-occupant setup with three rented residences and one available unit.
Key Highlights
- Four‑unit property with four one‑bedroom, one‑bath residences
- 2,652 square feet of building area; built in 1922
- Three units are rented; one remodeled unit is vacant
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
6.75%
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 369.18%
Second Best
Multifamily LT 5
$857.7K
$750.5K – $1.00M
NOI $60,036 @ 7.0% cap · market cap 6.75%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,537
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 a remodeled vacancy, three rented units, and a mix of street and dedicated parking.
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 $889,000.
What are key features of this property?
This property features: Four‑unit property with four one‑bedroom, one‑bath residences; 2,652 square feet of building area; built in 1922; Three units are rented; one remodeled unit is vacant
