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    933 New Depot St Los Angeles, CA 90012

    Sponsored
    For Sale
    $660,000

    Duplex - Los Angeles, CA

    Type:Duplex
    Property size:
    1,732 SF
    Lot size:
    53,323.00 Acres
    Days on Market:
    33
    Last Refresh:
    Feb 6 at 5:06 am

    Property Features for 933 New Depot St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Duplex
    Standard status
    Active
    Window features
    Skylight(s)
    Zoning
    LAR4
    Rooms
    Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Kitchen, Laundry, Living Room
    Bedrooms
    4
    Bathrooms
    2
    APN
    5406028048
    Parking
    2
    Parking features
    Assigned, Covered, Garage, Gated
    Interior features
    Balcony, Granite Counters, Living Room Balcony, Open Floorplan, Sliding Doors, Window Features: Screens, Skylight(s)
    Exterior features
    Community Features Included: Sidewalks, Street Lights, Garden, Near Public Transit
    Appliances
    Range, Range - Gas
    Size
    1,732 SF
    Lot size
    53,323.00 Acres

    Taxes and HOA fees

    Expense value
    294
    Expense
    Home Owner Assessments Fee
    Expense freq.
    Monthly

    Utilities

    Heating system
    Central
    Cooling system
    Central Air

    Building Details

    Year built
    1976
    Floors in Building
    2
    Number of units
    2
    Flooring type
    Laminate, Vinyl
    Roof type
    Flat
    Architectural style
    Other

    We can help!

    Listing Contact
    MORGAN KWONG
    MORGAN KWONG

    Man Investment Group dba: ManRealty.com (626) 872-0608

    Listing agent MORGAN KWONG (626) 872-0608 License #01799887

    Listing date Jan 5, 2026

    MLS# WS25043802 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

    Los Angeles Duplex with Skyline Views

    This duplex, located in the Victor Heights area of Los Angeles, offers views of the Downtown skyline. The property features two units, each with 2 bedrooms and 1 bath, totaling 1,732 square feet of combined livable space. Both units have been updated with laminate flooring, modern paint, updated kitchen cabinets with granite countertops, and refreshed bathrooms. The open layout provides flow between the living spaces. Each unit has separate electric and gas meters and one reserved parking space inside a gated garage. The bottom unit includes a private laundry area. The property is located near Chinatown, Downtown LA, Silver Lake, and Dodger Stadium. The lot size is 1.22 acres. The property is zoned LAR4. It is currently generating market rents.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Skin Care Clinic

    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
    -118.2458
    Latitude
    34.06586

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    FAQs

    What type of property is this?
    Duplex - Duplex in Victor Heights near Downtown LA with updated features.
    Where is this duplex located?
    The property is located at 933 New Depot St Los Angeles, CA.
    What is the asking price?
    The asking price for this property is $660,000.
    What are key features of this property?
    This property features: - Duplex with potential for cash flow and low maintenance; - **Amazing views of the Downtown Skyline** from Victor Heights location; - Updated units with laminate flooring, modern paint, granite countertops, and refreshed bathrooms
    (626) 872-0608
    Request Owner's contact information
    933 New Depot St Los Angeles, CA 90012
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    Los Angeles, CA 90012
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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
    933 New Depot St Los Angeles, CA 90012
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    We can help!
    Listing Contact
    MORGAN KWONG
    MORGAN KWONG
    Real Estate License ID: 01799887
    (626) 872-0608
    Learn more
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