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    844 N Poinsettia Pl Los Angeles, CA 90046

    View on Map
    Sponsored
    For Sale
    $1,897,000

    MULTI_FAMILY - Los Angeles, CA

    Property size:
    1,991 SF
    Lot size:
    0.17 Acres
    Days on Market:
    3
    Last Refresh:
    Mar 7 at 6:06 am

    Property Features for 844 N Poinsettia Pl

    General Information

    Special listing conditions
    Standard
    Property type
    Residential Multi Family
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Active
    Zoning
    LAR3
    Rooms
    Bedroom 1, Bathroom 3, Bedroom 2, Bathroom 4, Bedroom 3, Bathroom 2, Bathroom 1, Bedroom 4
    Bedrooms
    4
    Bathrooms
    4
    APN
    5525-001-058
    Parking
    4
    Parking features
    Driveway, Garage
    Size
    1,991 SF
    Lot size
    0.17 Acres

    Utilities

    Heating system
    Central
    Cooling system
    Central Air

    Building Details

    Year built
    1942
    Floors in Building
    1
    Number of units
    2

    We can help!

    Listing Contact
    Ellen Urman
    Ellen Urman

    Nelson Shelton & Associates (310) 271-2229

    Listing agent Ellen Urman (310) 271-2229 License #01291855

    Listing date Mar 5, 2026

    MLS# 26660315 Listing URL

    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

    Bungalow Style Duplex in Melrose

    This bungalow-style duplex is located in the Melrose neighborhood of Los Angeles, bordering West Hollywood. The property is zoned LAR3 and features a front unit with 3 bedrooms and 3 bathrooms, and a back unit with 1 bedroom and 1 bathroom. Both units are in move-in condition and include granite countertops in the kitchens, tiled bathrooms, hardwood floors, central HVAC systems, and closet space. The property has separate water heaters, gas and electric meters, a backyard, and a garage with storage and a small office. The property is suitable for owner-users looking to offset their mortgage with rental income, value-add operators interested in constructing ADUs, or developers seeking to build multi-unit dwellings. The location provides access to nightlife, entertainment, cultural venues, and dining options. The area is densely populated and near shops, eateries, parks, and entertainment. The lot size is 0.1749 acres and the property size is 1991 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store 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
    -118.348465
    Latitude
    34.086563

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    FAQs

    What type of property is this?
    Duplex - Duplex in move-in condition with LAR3 zoning.
    Where is this duplex located?
    The property is located at 844 N Poinsettia Pl Los Angeles, CA.
    What is the asking price?
    The asking price for this property is $1,897,000.
    What are key features of this property?
    This property features: - LAR3 zoning offers significant development potential like ADUs and multi-units.; - Duplex featuring a 3 bed/3 bath and a 1 bed/1 bath unit, both move-in ready.; - Prime Melrose location, near West Hollywood, offering easy access to nightlife, dining, and entertainment.
    (310) 271-2229
    Request Owner's contact information
    844 N Poinsettia Pl Los Angeles, CA 90046
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    Los Angeles, CA 90046
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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
    844 N Poinsettia Pl Los Angeles, CA 90046
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    We can help!
    Listing Contact
    Ellen Urman
    Ellen Urman
    Real Estate License ID: 01291855
    (310) 271-2229 (323) 304-4005
    Learn more
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