Two-Unit Duplex with
New
For Sale
$1,195,000
831 W 50th, Los Angeles, CA 90037
Both residences include in-unit laundry, separately metered utilities, and garage parking.
Property Size3,600 SF
Lot Size0.12 Acres
Price / SF$331.94
Days on Market2
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Property Features for 831 W 50th
General Information
Standard status
Active
Size
3,600 SF
Total Parking Spaces
3
Lot size
0.12 Acres
Property subtype
Duplex
Financials
Asking Price
$1,195,000
Gross Income
$97,680
Units
Unit Mix
2 x 5BR/3BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$9,452
Amenities
in-unit washer and dryer
gated access
Building Details
Building Size
3,600 SF
Year Built
2016
Listing Agency:
Balboa Real Estate, Inc
Listed By:
Collin Corsmeier · License #02011047
(612) 770-1717
Source:
Truthrealty
Added: Oct 14
Changed: Oct 15
Last Checked: Oct 14 at 11:50PM
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 Balboa Real Estate, Inc
Investment Insights
Based on property information with market context.
Completed in 2016, this Los Angeles duplex contains two residences, each with 5 bedrooms, 3 bathrooms, and approximately 1,800 square feet of living area. Together, the units provide approximately 3,600 square feet on an approximately 5,199-square-foot lot. Each home has its own washer and dryer, and electricity and water are separately metered.
Garage parking is provided by a two-car garage and a separate single-car garage. The property also has gated access. Improvements include painting inside and out, new carpeting, and installation of a second water meter.
Garage parking is provided by a two-car garage and a separate single-car garage. The property also has gated access. Improvements include painting inside and out, new carpeting, and installation of a second water meter.
Key Highlights
- Two residences, each with 5 bedrooms and 3 bathrooms
- Approximately 3,600 square feet of combined living area
- Approximately 5,199‑square‑foot lot; built in 2016
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$60,147
Cap Rate
5.03%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,202,940
$1.2M
Cap Rate 7%
$859,243
$859.2K
Cap Rate 9%
$668,300
$668.3K
Market Conditions
NOI Build-Up for 3,600 SF
Gross rent
$88.1K $24.48/SF
− Vacancy
−$2.2K −$0.61/SF
EGI
$85.9K $23.87/SF
− OpEx
−$25.8K −$7.16/SF
NOI
$60.1K $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%
$1,202,940
Cap Rate 7%
$859,243
Cap Rate 9%
$668,300
Alternative Uses
Best Use
Multifamily LT 5
$859.2K
$751.8K – $1.00M
NOI $60,147 @ 7.0% cap · market cap 5.03%
Second Best
Apartment 5plus
$763.7K
$668.2K – $891.0K
NOI $53,459 @ 7.0% cap · market cap 4.47%
Theoretical Best
Office A
$1.41M
$1.23M – $1.65M
NOI $98,743 @ 7.0% cap · market cap 8.26%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,640
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
Frequently Asked Questions
What type of property is this?
Duplex - Both residences include in-unit laundry, separately metered utilities, and garage parking.
Where is this duplex located?
The property is located at 831 W 50th Los Angeles, CA.
What is the asking price?
The asking price for this property is $1,195,000.
What are key features of this property?
This property features: Two residences, each with 5 bedrooms and 3 bathrooms; Approximately 3,600 square feet of combined living area; Approximately 5,199‑square‑foot lot; built in 2016
