Triplex Residential Income
For Sale
$1,349,000
622 Eastmont, Los Angeles, CA 90022
Triplex with a 1927 front home and two rear units, each configured as 3-bedroom, 2-bath residences.
Property Size3,011 SF
Lot Size0.12 Acres
Price / SF$448.02
Days on Market65
Property Features for 622 Eastmont
General Information
Standard status
Active
Size
3,011 SF
Lot size
0.12 Acres
Property subtype
Triplex
Zoning
LAR32YY
Additional Details
Highway Access
Yes
Multifamily Units
3
Building Details
Building Size
3,011 SF
Year Built
1927
Tenancy
Multi
Listing Agency:
Excellence RE Real Estate
Listed By:
Sergio Paz · License #01795025
(562) 862-1161
Source:
Archetyperealty
Added: Jul 5
Changed: Sep 6
Last Checked: Sep 6 at 11:25AM
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 Excellence RE Real Estate
Investment Insights
Based on property information with market context.
This triplex offers three residential units in a stacked neighborhood layout, including a front house and two units in the back building. The front house features 3 bedrooms and 2 bathrooms and was built in 1927. The back building includes two separate units, each with 3 bedrooms and 2 bathrooms. The property is described as built in 2024 to help minimize future maintenance expenses, with no rent control noted in the remarks.
The offering is conveniently located just minutes from LA Downtown, USC Medical Center, and Cal State LA, with major freeways listed as 101, 10, 60, 5, and 710. The parcel is described as over 5.431 SF and is identified with zoning LAR32YY.
Ownership may suit either an owner-user approach or an investor strategy, as reflected in the provided remarks.
The offering is conveniently located just minutes from LA Downtown, USC Medical Center, and Cal State LA, with major freeways listed as 101, 10, 60, 5, and 710. The parcel is described as over 5.431 SF and is identified with zoning LAR32YY.
Ownership may suit either an owner-user approach or an investor strategy, as reflected in the provided remarks.
Key Highlights
- Triplex layout: front residence plus two rear units, each configured as 3 beds and 2 baths
- Front house features 3 beds and 2 baths; year built 1927
- Two back units each offer 3 beds and 2 baths
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
$69,048
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
5.12%
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%
$1,380,960
$1.4M
Cap Rate 7%
$986,400
$986.4K
Cap Rate 9%
$767,200
$767.2K
Market Conditions
NOI Build-Up for 3,011 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
$101.2K $33.60/SF
− Vacancy
−$2.5K −$0.84/SF
EGI
$98.6K $32.76/SF
− OpEx
−$29.6K −$9.83/SF
NOI
$69.0K $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 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%
$1,380,960
Cap Rate 7%
$986,400
Cap Rate 9%
$767,200
Alternative Uses
Best Use
Multifamily LT 5
$986.4K
$863.1K – $1.15M
NOI $69,048 @ 7.0% cap · market cap 5.12%
Second Best
Apartment 5plus
$899.3K
$786.9K – $1.05M
NOI $62,950 @ 7.0% cap · market cap 4.67%
Theoretical Best
Office A
$1.23M
$1.07M – $1.43M
NOI $85,875 @ 7.0% cap · market cap 6.37%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,170
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 - Triplex with a 1927 front home and two rear units, each configured as 3-bedroom, 2-bath residences.
Where is this triplex located?
The property is located at 622 Eastmont Los Angeles, CA.
What is the asking price?
The asking price for this property is $1,349,000.
What are key features of this property?
This property features: Triplex layout: front residence plus two rear units, each configured as 3 beds and 2 baths; Front house features 3 beds and 2 baths; year built 1927; Two back units each offer 3 beds and 2 baths
