Two-Story Triplex Income
For Sale
$1,300,000
705 W 41ST Drive, Los Angeles, CA 90037
Well-maintained two-story triplex with three updated units and a 6-car gated parking lot at the rear.
Property Size3,046 SF
Days on Market170
Property Features for 705 W 41ST Drive
General Information
Standard status
Active
Size
3,046 SF
Total Parking Spaces
6
Property subtype
Triplex
Additional Details
Highway Access
Yes
Multifamily Units
3
Building Details
Building Size
3,046 SF
Year Built
1905
Stories
2
Tenancy
Multi
Listing Agency:
John Alexander Rodriguez Pacho 909-912-4267 Overview Additional information MLS R ID CV26097651 Interior features Cooling Yes Heating Yes Exterior features Lot Size 0.12 Acres Other property details 55+/Senior Community No Archetype Realty Request a tour Contact agent Request a tour Contact agent Listed by Alex Rodriguez CA DRE# 02244532 with John Alexander Rodriguez Pacho 909-912-4267
Listed By:
Alex Rodriguez CA DRE# 02244532 · License #02244532
Source:
Archetyperealty
Added: May 5
Changed: Oct 6
Last Checked: Oct 21 at 7:10AM
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 John Alexander Rodriguez Pacho 909-912-4267 Overview Additional information MLS R ID CV26097651 Interior features Cooling Yes Heating Yes Exterior features Lot Size 0.12 Acres Other property details 55+/Senior Community No Archetype Realty Request a tour Contact agent Request a tour Contact agent Listed by Alex Rodriguez CA DRE# 02244532 with John Alexander Rodriguez Pacho 909-912-4267
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Investment Insights
Based on property information with market context.
Well-maintained two-story triplex offering three residential units. One unit features 3 bedrooms and 2 bathrooms on the second floor, while the two units on the first floor each offer 2 bedrooms and 1 bathroom. All three units have recently updated kitchens, recently updated plumbing throughout (including new water heaters for all units), and the roof was also recently replaced.
The property includes a 6-car parking lot in a rear area, accessible via a gated entryway at the front. A covered area provides washer/dryer hookups.
The asset is located two blocks from the Coliseum and BMO Stadium, with close proximity to the 110 freeway and USC.
The property includes a 6-car parking lot in a rear area, accessible via a gated entryway at the front. A covered area provides washer/dryer hookups.
The asset is located two blocks from the Coliseum and BMO Stadium, with close proximity to the 110 freeway and USC.
Key Highlights
- 1905‑built, well‑maintained two‑story triplex with 3 units: 1x 3 bed / 2 bath and 2x 2 bed / 1 bath
- All three units have recently updated kitchens and recently updated plumbing throughout, including new water heaters for all units
- Roof was recently replaced
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$50,891
Cap Rate
3.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,017,820
$1.0M
Cap Rate 7%
$727,014
$727.0K
Cap Rate 9%
$565,456
$565.5K
Market Conditions
NOI Build-Up for 3,046 SF
Gross rent
$74.6K $24.48/SF
− Vacancy
−$1.9K −$0.61/SF
EGI
$72.7K $23.87/SF
− OpEx
−$21.8K −$7.16/SF
NOI
$50.9K $16.71/SF
Area
ZIP 90037
Vacancy
2.50%
Lease Rate
$24.48 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,017,820
Cap Rate 7%
$727,014
Cap Rate 9%
$565,456
Alternative Uses
Best Use
Multifamily LT 5
$727.0K
$636.1K – $848.2K
NOI $50,891 @ 7.0% cap · market cap 3.91%
Second Best
Apartment 5plus
$646.2K
$565.4K – $753.9K
NOI $45,233 @ 7.0% cap · market cap 3.48%
Theoretical Best
Office A
$1.19M
$1.04M – $1.39M
NOI $83,547 @ 7.0% cap · market cap 6.43%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
3
Residential units
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,763
Businesses Nearby
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Business Placement
Demographics for 90037, CA
63,706
Population
18,709
Households
3.4
Avg Household Size
33
Median Age
9%
College-Educated
54%
High-School Grad
2.9 sq mi
ZIP Area
21,968
Density / Sq Mi
$56,417
Median Household Income
$29,857
Median Earnings
$1,438
Median Rent
$632,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Triplex - Well-maintained two-story triplex with three updated units and a 6-car gated parking lot at the rear.
Where is this triplex located?
The property is located at 705 W 41ST Drive Los Angeles, CA.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: 1905‑built, well‑maintained two‑story triplex with 3 units: 1x 3 bed / 2 bath and 2x 2 bed / 1 bath; All three units have recently updated kitchens and recently updated plumbing throughout, including new water heaters for all units; Roof was recently replaced
