Two-Story Quadplex with Bay
701 Lorraine Blvd, Los Angeles, CA 90005
For Sale
$2,188,000
Tenant-occupied multifamily property with varied unit layouts, individual utility metering, and in-unit laundry.
Property Size5,218 SF
Price / SF$419.32
Days on Market92
Property Features for 701 Lorraine Blvd
General Information
Standard status
Size
Property subtype
Occupancy
Site & Location
Neighborhood
Additional Details
Multifamily Units
Building Details
Year Built
Buildings
Stories
Tenancy
Listed By:
Accardo Real Estate Associates - AREA
(310) 686-9361
Source:
Naylorproperties
Added: Aug 10
Changed: Oct 31
Last Checked: Nov 8 at 6:10AM
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 Accardo Real Estate Associates - AREA
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Investment Insights
Based on property information with market context.
Built in 1936, this two-story quadplex contains four tenant-occupied residences with a mix of layouts. Two units follow a two-level townhouse configuration, while the other two offer single-level open-plan living. Each residence includes a living room with bay windows, a dining area, and its own washer and dryer. Separate electric and gas meters serve the individual units, and the property features updated copper piping and electrical systems.
The property is located in the Hancock Park HPOZ area at 701 Lorraine Blvd in Los Angeles. The four residences are addressed as 701, 701 1/2, 703, and 703 1/2 Lorraine Blvd. Showings require 24 hours’ notice, and the occupied units should not be disturbed.
The property is located in the Hancock Park HPOZ area at 701 Lorraine Blvd in Los Angeles. The four residences are addressed as 701, 701 1/2, 703, and 703 1/2 Lorraine Blvd. Showings require 24 hours’ notice, and the occupied units should not be disturbed.
Key Highlights
- Four‑unit multifamily property built in 1936
- Two townhouse‑style units and two single‑level open‑plan units
- Individual electric and gas meters for all four residences
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$91,125
Cap Rate
4.16%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,822,500
$1.8M
Cap Rate 7%
$1,301,786
$1.3M
Cap Rate 9%
$1,012,500
$1.0M
Market Conditions
NOI Build-Up for 5,218 SF
Gross rent
$140.9K $27.00/SF
− Vacancy
−$10.7K −$2.05/SF
EGI
$130.2K $24.95/SF
− OpEx
−$39.1K −$7.48/SF
NOI
$91.1K $17.46/SF
Area
Los Angeles County, CA
Vacancy
7.60%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,822,500
Cap Rate 7%
$1,301,786
Cap Rate 9%
$1,012,500
Alternative Uses
Best Use
Multifamily LT 5
$1.30M
$1.14M – $1.52M
NOI $91,125 @ 7.0% cap · market cap 4.16%
Second Best
Apartment 5plus
$1.20M
$1.05M – $1.40M
NOI $83,962 @ 7.0% cap · market cap 3.84%
Theoretical Best
Office A
$2.18M
$1.91M – $2.54M
NOI $152,501 @ 7.0% cap · market cap 6.97%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
4
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
3,759
Businesses Nearby
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Business Placement
Demographics for 90005, CA
37,987
Population
19,357
Households
2
Avg Household Size
37
Median Age
38%
College-Educated
74%
High-School Grad
1.2 sq mi
ZIP Area
31,656
Density / Sq Mi
$52,755
Median Household Income
$35,847
Median Earnings
$1,648
Median Rent
$1,084,400
Median Home Value
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Market
Average Price Trend$/SF for Quadplexes in Los Angeles, CA
Properties on Market for Quadplexes in Los Angeles
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - Tenant-occupied multifamily property with varied unit layouts, individual utility metering, and in-unit laundry.
Where is this quadplex located?
The property is located at 701 Lorraine Blvd Los Angeles, CA.
What is the asking price?
The asking price for this property is $2,188,000.
What are key features of this property?
This property features: Four‑unit multifamily property built in 1936; Two townhouse‑style units and two single‑level open‑plan units; Individual electric and gas meters for all four residences
