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    816 Terrace 49 Los Angeles, CA 90042

    View on Map
    Sponsored
    For Sale
    $1,100,000

    MULTI_FAMILY - Los Angeles, CA

    Property size:
    1,385 SF
    Lot size:
    0.07 Acres
    Days on Market:
    3
    Last Refresh:
    Mar 22 at 12:06 pm

    Property Features for 816 Terrace 49

    General Information

    Special listing conditions
    Standard
    Property type
    Residential Multi Family
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Active
    Zoning
    LAR1
    Rooms
    Bathroom 2, Bathroom 1, Dining Room, Bedroom 2, Bedroom 1, Bedroom 3
    Bedrooms
    3
    Bathrooms
    2
    APN
    5477-026-038
    Parking
    4
    Parking features
    Garage, Driveway, Oversize, Garage - Attached, Guest
    Fireplace
    1
    Size
    1,385 SF
    Lot size
    0.07 Acres

    Utilities

    Heating system
    Central

    Building Details

    Year built
    1900
    Floors in Building
    1
    Number of units
    2
    Flooring type
    Tile - Stone, Engineered
    Additional Structures
    Cabana

    We can help!

    Listing Contact
    Kevin Towner

    Keller Williams Realty Hollywood Hills

    Listing agent Kevin Towner License #01300032

    Listing date Mar 20, 2026

    MLS# 26663617

    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.

    Learn more

    Property Insight Report

    Overview

    Remodeled Homes Near Mount Washington

    Located on the border of Mount Washington and Highland Park, this property features two newly remodeled homes offered 100% vacant. The property is suitable as a live/work space, comfortably accommodating one large family or two families, and is ideal for those needing separate workspace. The first home includes 2 bedrooms, 1 bathroom, a walk-in pantry, and a separate laundry room. The second home offers privacy with 1 bedroom, 1 bathroom, an oversized walk-in closet, an additional office/den living space, and a fully equipped kitchen. Both homes are suited for creatives, influencers, Podcast hosts, and YouTube hosts, with convenient access to local art galleries, grocery stores, and family-owned restaurants. The property is located approximately 1.5 miles from the Metro Station, providing access to Santa Monica and San Pedro beaches. Each home is equipped with mini-split air conditioners. The property features updated copper plumbing. In 2022, the subfloor was removed, leveled, and installed with new plywood and waterproof vinyl. The property has large fenced front and rear green areas. Bathrooms feature marble floors and tile backsplashes, Vigo brand vanity faucets, and Kohler toilets. Kitchens include Quartz countertops and marble backsplashes, Zephyr range hoods, LG dual gas/electric ranges, and GE Profile dishwashers. The property size is 1385 square feet, situated on a 0.0696-acre lot.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    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
    -118.209342
    Latitude
    34.113292

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    FAQs

    What type of property is this?
    Duplex - Two fully equipped homes perfect for live/work lifestyle.
    Where is this duplex located?
    The property is located at 816 Terrace 49 Los Angeles, CA.
    What is the asking price?
    The asking price for this property is $1,100,000.
    What are key features of this property?
    This property features: - Two fully equipped, move-in ready homes on one property, ideal for multi-generational living, rental income, or live/work setup.; - Newly remodeled with updated copper plumbing, waterproof vinyl flooring, and modern finishes throughout.; - Each home features a fully equipped kitchen with quartz countertops, marble backsplash, Zephyr range hood, LG dual gas/electric range, and GE Profile dishwasher.
    (310) 633-4350
    Request Owner's contact information
    816 Terrace 49 Los Angeles, CA 90042
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    Los Angeles, CA 90042
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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
    816 Terrace 49 Los Angeles, CA 90042
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    We can help!
    Listing Contact
    Kevin Towner
    Real Estate License ID: 01300032
    Learn More
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