Four-Unit Residential Income
For Sale
$949,000
721 W 54th ST, Los Angeles, CA 90037
Well-maintained quadplex with three currently vacant units, four total parking spaces, and multiple balcony-equipped units.
Property Size3,616 SF
Days on Market54
Property Features for 721 W 54th ST
General Information
Standard status
Active
Size
3,616 SF
Property subtype
MULTI_FAMILY
Taxes and HOA fees
Annual Taxes
$2,038
Building Details
Building Size
3,616 SF
Year Built
1965
Listing Agency:
Realty Executives All Cities
Listed By:
Denise Waters · License #01027990
(562) 925-1111
Source:
Jademillsestates
Added: Jul 23
Changed: Aug 25
Last Checked: Sep 13 at 11:10AM
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 Realty Executives All Cities
Investment Insights
Based on property information with market context.
This well-maintained four-unit residential income property offers immediate flexibility with three vacant units ready for occupancy or lease-up. The unit mix includes three 2-bedroom, 1-bath units and one larger 2-bedroom, 2-bath unit with a private en-suite bath. Each unit includes a range, and select units include refrigerators. The property also provides four on-site parking spaces, with two upstairs units featuring private balconies.
The property is conveniently located near schools, shopping, transportation, and major freeways.
With a balanced 2-bedroom layout across the majority of units and outdoor balcony space in select upstairs apartments, the building presents a straightforward residential income configuration for an owner-occupant or an investor seeking rental revenue with near-term leasing availability.
The property is conveniently located near schools, shopping, transportation, and major freeways.
With a balanced 2-bedroom layout across the majority of units and outdoor balcony space in select upstairs apartments, the building presents a straightforward residential income configuration for an owner-occupant or an investor seeking rental revenue with near-term leasing availability.
Key Highlights
- Four‑unit quadplex built in 1965 with 3 currently vacant units for occupancy or lease‑up
- Unit mix: three 2 bed, 1 bath units plus one 2 bed, 2 bath unit with private en‑suite bath
- Each unit includes a range; select units include refrigerators
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
$60,415
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
6.37%
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%
$1,208,300
$1.2M
Cap Rate 7%
$863,071
$863.1K
Cap Rate 9%
$671,278
$671.3K
Market Conditions
NOI Build-Up for 3,616 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
$88.5K $24.48/SF
− Vacancy
−$2.2K −$0.61/SF
EGI
$86.3K $23.87/SF
− OpEx
−$25.9K −$7.16/SF
NOI
$60.4K $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%
$1,208,300
Cap Rate 7%
$863,071
Cap Rate 9%
$671,278
Alternative Uses
Best Use
Multifamily LT 5
$863.1K
$755.2K – $1.01M
NOI $60,415 @ 7.0% cap · market cap 6.37%
Second Best
Apartment 5plus
$767.1K
$671.2K – $895.0K
NOI $53,697 @ 7.0% cap · market cap 5.66%
Theoretical Best
Office A
$1.42M
$1.24M – $1.65M
NOI $99,182 @ 7.0% cap · market cap 10.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,560
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
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Quadplex - Well-maintained quadplex with three currently vacant units, four total parking spaces, and multiple balcony-equipped units.
Where is this quadplex located?
The property is located at 721 W 54th ST Los Angeles, CA.
What is the asking price?
The asking price for this property is $949,000.
What are key features of this property?
This property features: Four‑unit quadplex built in 1965 with 3 currently vacant units for occupancy or lease‑up; Unit mix: three 2 bed, 1 bath units plus one 2 bed, 2 bath unit with private en‑suite bath; Each unit includes a range; select units include refrigerators
