Two-Story Triplex Income
For Sale
$1,300,000
705 W 41ST DR, 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 Market124
Property Features for 705 W 41ST DR
General Information
Standard status
Active
Size
3,046 SF
Total Parking Spaces
6
Property subtype
MULTI_FAMILY
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
Listed By:
Alex Rodriguez · License #02244532
Source:
Rochellemaize
Added: May 5
Changed: Sep 4
Last Checked: Sep 5 at 8:20AM
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
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 = 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
$50,891
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
3.91%
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%
$1,017,820
$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
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
$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 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%
$1,017,820
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.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,763
Businesses Nearby
Explore this area
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
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 - 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 DR 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
