Rented 3-Unit
913 Simmons Ave, Los Angeles, CA 90022
For Sale
New
$725,000
Three occupied units and rear alley access support the property’s residential income use.
Property Size2,723 SF
Lot Size0.15 Acres
Price / SF$264.89
Days on Market2
Property Features for 913 Simmons Ave
General Information
Standard status
Size
Total Parking Spaces
Lot size
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
Tenant in Place
Building Details
Building Size
Year Built
Stories
Units
Tenancy
Listing Agency:
Keller Williams
Listed By:
Sophia De La Vara · License CA #01127097
(562) 755-9650
Source:
Elliman
Added: Nov 12
Last Checked: Nov 12 at 2:44PM
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 Keller Williams
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 1952, this triplex contains three units with a combined 2,737 square feet of living area. The units are rented to long-term tenants. The property also includes four-car garages and rear alley access.
The building sits on a 6,430-square-foot corner lot at 913 Simmons Ave in Los Angeles. Shopping and transportation are described as nearby. Walk Score is 81, Transit Score is 65, and Bike Score is 48.
The building sits on a 6,430-square-foot corner lot at 913 Simmons Ave in Los Angeles. Shopping and transportation are described as nearby. Walk Score is 81, Transit Score is 65, and Bike Score is 48.
Key Highlights
- Three units currently occupied by long‑term tenants
- 2,737 square feet of living area on a 6,430‑square‑foot corner lot
- Four‑car garages with alley access at the rear
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$62,765
Cap Rate
8.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,255,300
$1.3M
Cap Rate 7%
$896,643
$896.6K
Cap Rate 9%
$697,389
$697.4K
Market Conditions
NOI Build-Up for 2,737 SF
Gross rent
$92.0K $33.60/SF
− Vacancy
−$2.3K −$0.84/SF
EGI
$89.7K $32.76/SF
− OpEx
−$26.9K −$9.83/SF
NOI
$62.8K $22.93/SF
Area
ZIP 90022
Vacancy
2.50%
Lease Rate
$33.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,255,300
Cap Rate 7%
$896,643
Cap Rate 9%
$697,389
Alternative Uses
Best Use
Multifamily LT 5
$896.6K
$784.6K – $1.05M
NOI $62,765 @ 7.0% cap · market cap 8.66%
Second Best
Apartment 5plus
$817.4K
$715.3K – $953.7K
NOI $57,221 @ 7.0% cap · market cap 7.89%
Theoretical Best
Office A
$1.12M
$975.8K – $1.30M
NOI $78,060 @ 7.0% cap · market cap 10.77%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
3
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,994
Businesses Nearby
Explore this area
Business Placement
Demographics for 90022, CA
64,517
Population
17,845
Households
3.6
Avg Household Size
34
Median Age
10%
College-Educated
56%
High-School Grad
4.4 sq mi
ZIP Area
14,663
Density / Sq Mi
$67,829
Median Household Income
$32,304
Median Earnings
$1,407
Median Rent
$603,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Triplexes in Los Angeles, CA
Properties on Market for Triplexes in Los Angeles
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Triplex - Three occupied units and rear alley access support the property’s residential income use.
Where is this triplex located?
The property is located at 913 Simmons Ave Los Angeles, CA.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: Three units currently occupied by long‑term tenants; 2,737 square feet of living area on a 6,430‑square‑foot corner lot; Four‑car garages with alley access at the rear
