Triplex with Natural Gas Heat and
For Sale
Under Contract
$550,000
937 W 52nd St, Los Angeles, CA 90037
MULTI_FAMILY - Los Angeles, CA
Property Size2,687 SF
Lot Size0.14 Acres
Price / SF$204.69
Days on Market461
Property Features for 937 W 52nd St
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
LAR2
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 3, Bathroom 4, Bedroom 2, Bathroom 3, Bathroom 2, Bathroom 1, Bedroom 1, Bedroom 4, Bedroom 5, Bedroom 6
Parking
3
Parking features
Driveway
Directions
W 52nd Street between Vermont Ave & Hoover Ave.
Subdivision
Los Angeles Southwest
Standard status
Active Under Contract
APN
5001-001-028
Size
2,687 SF
Lot size
0.14 Acres
Utilities
Heating system
Natural Gas
Building Details
Year built
1895
Floors in Building
2
Number of units
3
Listing Agency:
Real Broker
(619) 663-8680
Listed By:
Lanisha Stubbs · License #01505051
(310) 384-8725
Added: May 14, 2025
Changed: Aug 5
Last Checked: Aug 17 at 4:06PM
MLS# 25538833
Copyright © 2026 The MLS/CLAW. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This triplex at 937 W 52nd St was built in 1895 and offers a total of 2,687 square feet on a 0.1392-acre lot. The home includes natural gas heating and driveway parking. The interior layout is configured with six bedrooms and four bathrooms.
The property is located in Los Angeles, CA 90037. Nearby points of interest mentioned include the LA Coliseum, the California Science Center, BMO Stadium, Exposition Park, USC, and the Lucas Museum of Narrative Art.
This is a three-unit property suitable for an owner-occupant or rental-focused buyer, with the option to live in one unit while renting the other two units.
The property is located in Los Angeles, CA 90037. Nearby points of interest mentioned include the LA Coliseum, the California Science Center, BMO Stadium, Exposition Park, USC, and the Lucas Museum of Narrative Art.
This is a three-unit property suitable for an owner-occupant or rental-focused buyer, with the option to live in one unit while renting the other two units.
Key Highlights
- 0.1392‑acre lot for a triplex
- 2,687 square feet total building area
- Built in 1895
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
$44,893
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
8.16%
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%
$897,860
$897.9K
Cap Rate 7%
$641,329
$641.3K
Cap Rate 9%
$498,811
$498.8K
Market Conditions
NOI Build-Up for 2,687 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
$65.8K $24.48/SF
− Vacancy
−$1.6K −$0.61/SF
EGI
$64.1K $23.87/SF
− OpEx
−$19.2K −$7.16/SF
NOI
$44.9K $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 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%
$897,860
Cap Rate 7%
$641,329
Cap Rate 9%
$498,811
Alternative Uses
Best Use
Multifamily LT 5
$641.3K
$561.2K – $748.2K
NOI $44,893 @ 7.0% cap · market cap 8.16%
Second Best
Apartment 5plus
$570.0K
$498.8K – $665.0K
NOI $39,901 @ 7.0% cap · market cap 7.25%
Theoretical Best
Office A
$1.05M
$921.3K – $1.23M
NOI $73,700 @ 7.0% cap · market cap 13.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,948
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 - Triplex in LAR2 zoning with natural gas heat, driveway parking, and a layout featuring six bedrooms and four bathrooms.
Where is this triplex located?
The property is located at 937 W 52nd St Los Angeles, CA.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: 0.1392‑acre lot for a triplex; 2,687 square feet total building area; Built in 1895
