Remodeled
New
For Sale
$1,399,000
Pending
9336 Pitkin St, Rosemead, CA 91770
Three separate buildings offer distinct living spaces, independent parking, and washer/dryer hookups.
Property Size2,503 SF
Lot Size0.39 Acres
Days on Market2
Property Features for 9336 Pitkin St
General Information
Standard status
Pending
Size
2,503 SF
Lot size
0.39 Acres
Property subtype
Investment
Units
Unit Mix
1 x 3BR/1BA, 2 x 2BR/1BA
Multifamily Units
3
Amenities
washer/dryer hookups
wall A/C units
Building Details
Building Size
2,503 SF
Year Built
1954
Buildings
3
Stories
1
Units
3
Listed By:
Steven Sakata · License #01041875
(909) 348-0471
Source:
Elliman
Added: Sep 30
Changed: Oct 1
Last Checked: Oct 1 at 10:50AM
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 Steven Sakata
Investment Insights
Based on property information with market context.
Built in 1954, this Rosemead triplex has three separate buildings on a flat 17,171-square-foot lot. The unit mix includes one 3-bedroom, 1-bath residence and two 2-bedroom, 1-bath residences. All three units have been remodeled and are scheduled for delivery vacant. Improvements include refreshed kitchens and bathrooms, new paint inside and out, recessed lighting, updated flooring, wall air conditioning, dual-pane windows, appliances, and updated electrical and plumbing fixtures.
Each residence has washer/dryer hookups, and the property includes independent parking. Some units also have newer or replacement roofs, wall heaters, water heaters, copper plumbing, gas mains, and electrical panels. Recent work was completed with City of Rosemead permits. The property has a Walk Score of 77, a Bike Score of 59, and a Transit Score of 41.
Each residence has washer/dryer hookups, and the property includes independent parking. Some units also have newer or replacement roofs, wall heaters, water heaters, copper plumbing, gas mains, and electrical panels. Recent work was completed with City of Rosemead permits. The property has a Walk Score of 77, a Bike Score of 59, and a Transit Score of 41.
Key Highlights
- Three separate residential buildings on a flat 17,171‑square‑foot lot
- Unit mix: one 3‑bedroom, 1‑bath residence and two 2‑bedroom, 1‑bath residences
- All units remodeled and to be delivered vacant
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
$43,711
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
3.12%
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%
$874,220
$874.2K
Cap Rate 7%
$624,443
$624.4K
Cap Rate 9%
$485,678
$485.7K
Market Conditions
NOI Build-Up for 2,503 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
$67.6K $27.00/SF
− Vacancy
−$5.1K −$2.05/SF
EGI
$62.4K $24.95/SF
− OpEx
−$18.7K −$7.48/SF
NOI
$43.7K $17.46/SF
Area
Los Angeles County, CA
Vacancy
7.60%
Lease Rate
$27.00 /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%
$874,220
Cap Rate 7%
$624,443
Cap Rate 9%
$485,678
Alternative Uses
Best Use
Multifamily LT 5
$624.4K
$546.4K – $728.5K
NOI $43,711 @ 7.0% cap · market cap 3.12%
Second Best
Apartment 5plus
$575.4K
$503.4K – $671.3K
NOI $40,275 @ 7.0% cap · market cap 2.88%
Theoretical Best
Office A
$1.34M
$1.17M – $1.56M
NOI $93,807 @ 7.0% cap · market cap 6.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,151
Businesses Nearby
Explore this area
Business Placement
Demographics for 91770, CA
59,360
Population
17,704
Households
3.4
Avg Household Size
43
Median Age
23%
College-Educated
68%
High-School Grad
6.5 sq mi
ZIP Area
9,132
Density / Sq Mi
$73,757
Median Household Income
$35,286
Median Earnings
$1,740
Median Rent
$712,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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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?
Triplex - Three separate buildings offer distinct living spaces, independent parking, and washer/dryer hookups.
Where is this triplex located?
The property is located at 9336 Pitkin St Rosemead, CA.
What is the asking price?
The asking price for this property is $1,399,000.
What are key features of this property?
This property features: Three separate residential buildings on a flat 17,171‑square‑foot lot; Unit mix: one 3‑bedroom, 1‑bath residence and two 2‑bedroom, 1‑bath residences; All units remodeled and to be delivered vacant
