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    The Largest CRE Database in the US with Over 1 Million Listings

    2229 Shoredale Ave Los Angeles, CA 90031

    Sponsored
    For Sale
    $1,899,000

    Single Family Residence, Contemporary - Los Angeles, CA

    Type:Single Family Residence
    Property size:
    2,578 SF
    Lot size:
    8,039.00 Acres
    Days on Market:
    25
    Last Refresh:
    Jan 27 at 1:06 pm

    Property Features for 2229 Shoredale Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Single Family Residence
    Standard status
    Active
    Window features
    Double Pane Windows
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Bedrooms
    5
    Bathrooms
    5
    APN
    5445027050
    Parking
    4
    Interior features
    Quartz Counters, Tray Ceiling(s), See Remarks, Carbon Monoxide Detector(s), Window Features: Double Pane Windows
    Exterior features
    Fence, Community Features Included: Curbs, Corner Lot, Landscaped, Lawn, Lot 6500-9999, Level
    Fencing
    Fenced
    Size
    2,578 SF
    Lot size
    8,039.00 Acres

    Utilities

    Heating system
    Central
    Cooling system
    Central Air

    Building Details

    Year built
    1940
    Floors in Building
    2
    Number of units
    2
    Flooring type
    Wood
    Roof type
    Composition
    Architectural style
    Contemporary

    We can help!

    Listing Contact
    Kimberly Olbrich
    Kimberly Olbrich

    Century 21 Citrus Realty, INC (909) 592-8500

    Listing agent Kimberly Olbrich (909) 592-8500 License #01851689

    Listing date Jan 3, 2026

    MLS# CV26001155 Listing URL

    Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Two Modern Homes in Elysian Valley

    Located in Elysian Valley, this property features two fully reimagined residences designed to live independently. Each home is separated by fencing and includes its own gated driveway, private yard, two-car garage (one attached), separate meters, and individual central air systems. One residence, spanning approximately 928 square feet, features updated wood flooring, recessed lighting, and black-framed dual-pane windows. The living room overlooks drought-tolerant landscaping, and there is an elegant dining room with built-in cabinetry that flows into an updated kitchen with gold-veined quartz countertops and modern cabinetry. Appliances include a refrigerator, gas range, drawer microwave, and dishwasher. A sunlit laundry area is located off the kitchen. It has two spacious bedrooms including a primary suite, a guest bath with separate tub and shower, and an en suite bath. Outdoors, a gated driveway leads to the garage with space for entertaining and gardening. The second residence mirrors the craftsmanship of the first with a distinct layout, private lot, drought-tolerant landscaping, and an attached two-car garage. The entry opens to open-concept living that flows into the dining area and kitchen, complete with appliances. A powder room is located near the garage door and stairs. Upstairs are three bedrooms, including a primary suite with mirrored closets and an en suite bath featuring built-in shower shelving. The landing offers custom cabinetry, with two additional bedrooms and an updated bath completing the level. These homes offer design, function, and versatility, ideal for multigenerational living, investment, or a live-one-rent-one opportunity.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Hair Salon Clothing Store Nail Salon Food Market Grocery Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.235199
    Latitude
    34.088493

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    FAQs

    What type of property is this?
    Duplex - Two fully reimagined residences in a dynamic Los Angeles neighborhood.
    Where is this duplex located?
    The property is located at 2229 Shoredale Ave Los Angeles, CA.
    What is the asking price?
    The asking price for this property is $1,899,000.
    What are key features of this property?
    This property features: - Two independent, fully renovated homes on one property, ideal for multigenerational living, investment, or rental income.; - Each home has its own gated driveway, private yard, two-car garage, separate meters, and individual central air systems, ensuring privacy and independence.; - Modern design and **high-end finishes** throughout both residences, including updated wood flooring, recessed lighting, dual-pane windows, and quartz countertops.
    (626) 221-6047
    Request Owner's contact information
    2229 Shoredale Ave Los Angeles, CA 90031
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    Los Angeles, CA 90031
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2229 Shoredale Ave Los Angeles, CA 90031
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    We can help!
    Listing Contact
    Kimberly Olbrich
    Kimberly Olbrich
    Real Estate License ID: 01851689
    (626) 221-6047
    Learn more
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