Triplex with On-Site
For Sale
$939,000
862 W 41st Street, Los Angeles, CA 90037
Well-maintained triplex with three units, two currently occupied, and ample on-site parking.
Property Size2,821 SF
Days on Market103
Property Features for 862 W 41st Street
General Information
Standard status
Active
Size
2,821 SF
Property subtype
Triplex
Additional Details
Highway Access
Yes
Multifamily Units
3
Building Details
Building Size
2,821 SF
Year Built
1938
Tenancy
Multi
Listing Agency:
Venetia's Estate Properties
Listed By:
Griselda Aguilar · License #01260577
Source:
Truthrealty
Added: May 28
Changed: Aug 28
Last Checked: Sep 6 at 9:16AM
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 Venetia's Estate Properties
Investment Insights
Based on property information with market context.
This well-maintained triplex offers three units total, with two currently occupied for immediate rental income and one additional unit available for an owner occupant or market-rate tenant. The property is laid out as a true multi-unit residence and includes ample on-site parking.
Located in Los Angeles near USC, the LA Coliseum, the California Science Center, BMO Stadium, Exposition Park, and Downtown Los Angeles, the area offers convenient access to entertainment, dining, shopping, public transportation, and major freeways. BikeScore of 78 (Very Bikeable), WalkScore of 74 (Very Walkable), and TransitScore of 61 (Good Transit) further support the day-to-day convenience.
For buyers seeking an income-producing residential asset, this triplex provides a straightforward three-unit structure designed to support both occupancy and rental revenue.
Located in Los Angeles near USC, the LA Coliseum, the California Science Center, BMO Stadium, Exposition Park, and Downtown Los Angeles, the area offers convenient access to entertainment, dining, shopping, public transportation, and major freeways. BikeScore of 78 (Very Bikeable), WalkScore of 74 (Very Walkable), and TransitScore of 61 (Good Transit) further support the day-to-day convenience.
For buyers seeking an income-producing residential asset, this triplex provides a straightforward three-unit structure designed to support both occupancy and rental revenue.
Key Highlights
- 1938‑built, well‑maintained triplex in Los Angeles with three spacious units
- Two units currently occupied, providing immediate rental income
- Third unit can be used as an owner‑occupied unit or rented at market rate
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
$47,132
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
5.02%
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%
$942,640
$942.6K
Cap Rate 7%
$673,314
$673.3K
Cap Rate 9%
$523,689
$523.7K
Market Conditions
NOI Build-Up for 2,821 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
$69.1K $24.48/SF
− Vacancy
−$1.7K −$0.61/SF
EGI
$67.3K $23.87/SF
− OpEx
−$20.2K −$7.16/SF
NOI
$47.1K $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 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%
$942,640
Cap Rate 7%
$673,314
Cap Rate 9%
$523,689
Alternative Uses
Best Use
Multifamily LT 5
$673.3K
$589.2K – $785.5K
NOI $47,132 @ 7.0% cap · market cap 5.02%
Second Best
Apartment 5plus
$598.4K
$523.6K – $698.2K
NOI $41,891 @ 7.0% cap · market cap 4.46%
Theoretical Best
Office A
$1.11M
$967.2K – $1.29M
NOI $77,376 @ 7.0% cap · market cap 8.24%
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
1,409
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 triplex with three units, two currently occupied, and ample on-site parking.
Where is this triplex located?
The property is located at 862 W 41st Street Los Angeles, CA.
What is the asking price?
The asking price for this property is $939,000.
What are key features of this property?
This property features: 1938‑built, well‑maintained triplex in Los Angeles with three spacious units; Two units currently occupied, providing immediate rental income; Third unit can be used as an owner‑occupied unit or rented at market rate
