Modern Quadplex with Air
For Sale
$2,790,000
715 W 47th ST, Los Angeles, CA 90037
Modern quadplex with air conditioning and contemporary finishes, positioned near USC, Exposition Park, and Downtown Los Angeles.
Property Size7,936 SF
Days on Market76
Property Features for 715 W 47th ST
General Information
Standard status
Active
Size
7,936 SF
Property subtype
MULTI_FAMILY
Additional Details
Highway Access
Yes
Multifamily Units
4
Amenities
air conditioning
Building Details
Building Size
7,936 SF
Year Built
2021
Listing Agency:
Bestway Realty
Listed By:
Chris Lim · License #01412845
(714) 521-7700
Source:
Milsteinestates
Added: Jun 24
Changed: Sep 4
Last Checked: Sep 6 at 9:35AM
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 Bestway Realty
Investment Insights
Based on property information with market context.
This modern quadplex includes air conditioning and contemporary finishes throughout, offering a clean, move-in-ready look across the property. The configuration is designed as a four-unit residential income building.
The property is conveniently located near the University of Southern California, Exposition Park, and Downtown Los Angeles, with easy access to major freeways.
Presented for sale as an income-producing multifamily investment, the asset is marketed as well positioned within a strong rental market.
The property is conveniently located near the University of Southern California, Exposition Park, and Downtown Los Angeles, with easy access to major freeways.
Presented for sale as an income-producing multifamily investment, the asset is marketed as well positioned within a strong rental market.
Key Highlights
- Modern quadplex built in 2021
- Air conditioning and contemporary finishes throughout
- Positioned near University of Southern California, Exposition Park, and Downtown Los Angeles
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
$132,592
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
4.75%
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%
$2,651,840
$2.7M
Cap Rate 7%
$1,894,171
$1.9M
Cap Rate 9%
$1,473,244
$1.5M
Market Conditions
NOI Build-Up for 7,936 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
$194.3K $24.48/SF
− Vacancy
−$4.9K −$0.61/SF
EGI
$189.4K $23.87/SF
− OpEx
−$56.8K −$7.16/SF
NOI
$132.6K $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%
$2,651,840
Cap Rate 7%
$1,894,171
Cap Rate 9%
$1,473,244
Alternative Uses
Best Use
Multifamily LT 5
$1.89M
$1.66M – $2.21M
NOI $132,592 @ 7.0% cap · market cap 4.75%
Second Best
Apartment 5plus
$1.68M
$1.47M – $1.96M
NOI $117,848 @ 7.0% cap · market cap 4.22%
Theoretical Best
Office A
$3.11M
$2.72M – $3.63M
NOI $217,673 @ 7.0% cap · market cap 7.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,508
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?
Quadplex - Modern quadplex with air conditioning and contemporary finishes, positioned near USC, Exposition Park, and Downtown Los Angeles.
Where is this quadplex located?
The property is located at 715 W 47th ST Los Angeles, CA.
What is the asking price?
The asking price for this property is $2,790,000.
What are key features of this property?
This property features: Modern quadplex built in 2021; Air conditioning and contemporary finishes throughout; Positioned near University of Southern California, Exposition Park, and Downtown Los Angeles
