Triplex Residential Income
927 W 48th ST, Los Angeles, CA 90037
For Sale
$838,000
Triplex with three 2-bedroom layouts, offering a straightforward residential income configuration near Downtown Los Angeles.
Property Size1,912 SF
Days on Market145
Property Features for 927 W 48th ST
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Highway Access
Additional Details
Multifamily Units
Building Details
Building Size
Year Built
Listing Agency:
DOUGLAS REALTY
Listed By:
DOUGLAS NGUYEN · License #00953648
(626) 312-4800
Source:
Milsteinestates
Added: Jun 16
Changed: Oct 31
Last Checked: Nov 6 at 3:36PM
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 DOUGLAS REALTY
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Investment Insights
Based on property information with market context.
This triplex features two units in the front building, with each unit having two bedrooms and one bathroom. A separate back building provides an additional two-bedroom, one-bath unit, for a total of three residential units on the property.
The property is positioned close to a wide range of destinations, including USC, the Sports Arena, the Convention Center, Downtown Los Angeles, restaurants, and freeways. WalkScore is listed at 97 and transitScore at 96, indicating strong walkability and transit access, with bikeScore reported at 75.
As a for-sale residential income property, the overall configuration is well suited to an owner-operator or investor seeking a compact multifamily setup with consistent unit layouts. The three-unit structure can support income from multiple households while maintaining a manageable, small-building footprint.
The property is positioned close to a wide range of destinations, including USC, the Sports Arena, the Convention Center, Downtown Los Angeles, restaurants, and freeways. WalkScore is listed at 97 and transitScore at 96, indicating strong walkability and transit access, with bikeScore reported at 75.
As a for-sale residential income property, the overall configuration is well suited to an owner-operator or investor seeking a compact multifamily setup with consistent unit layouts. The three-unit structure can support income from multiple households while maintaining a manageable, small-building footprint.
Key Highlights
- Triplex built in 1912 with three 2‑bedroom unit layouts
- Front building includes 2 units, each with 2 bedrooms and 1 bathroom
- Back building offers 2 bedrooms and 1 bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,945
Cap Rate
3.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$638,900
$638.9K
Cap Rate 7%
$456,357
$456.4K
Cap Rate 9%
$354,944
$354.9K
Market Conditions
NOI Build-Up for 1,912 SF
Gross rent
$46.8K $24.48/SF
− Vacancy
−$1.2K −$0.61/SF
EGI
$45.6K $23.87/SF
− OpEx
−$13.7K −$7.16/SF
NOI
$31.9K $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%
$638,900
Cap Rate 7%
$456,357
Cap Rate 9%
$354,944
Alternative Uses
Best Use
Multifamily LT 5
$456.4K
$399.3K – $532.4K
NOI $31,945 @ 7.0% cap · market cap 3.81%
Second Best
Apartment 5plus
$405.6K
$354.9K – $473.2K
NOI $28,393 @ 7.0% cap · market cap 3.39%
Theoretical Best
Office A
$749.2K
$655.5K – $874.1K
NOI $52,443 @ 7.0% cap · market cap 6.26%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,310
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
$632,600
Median Home Value
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Market
Average Price Trend$/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 - Triplex with three 2-bedroom layouts, offering a straightforward residential income configuration near Downtown Los Angeles.
Where is this triplex located?
The property is located at 927 W 48th ST Los Angeles, CA.
What is the asking price?
The asking price for this property is $838,000.
What are key features of this property?
This property features: Triplex built in 1912 with three 2‑bedroom unit layouts; Front building includes 2 units, each with 2 bedrooms and 1 bathroom; Back building offers 2 bedrooms and 1 bathroom
