Spanish-Style Duplex with Lap
1046 S Alfred St, Los Angeles, CA 90035
For Sale
New
$1,695,000
Mills Act designation accompanies two residences with formal dining rooms and a heated lap pool.
Property Size4,003 SF
Days on Market2
Property Features for 1046 S Alfred St
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Site & Location
Neighborhood
Public Transit
Units
Unit Mix
Multifamily Units
Amenities
heated lap pool
Building Details
Building Size
Year Built
Buildings
Stories
Units
Construction
Listing Agency:
Beverly Hills
Listed By:
Naomi Selick · License CA #01908101
(213) 280-9120
Source:
Elliman
Added: Nov 8
Last Checked: Nov 8 at 4:19PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Beverly Hills
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Investment Insights
Based on property information with market context.
This 1936 Spanish-style duplex contains two three-bedroom, two-bathroom residences. The lower unit is vacant, while the upper unit includes a den or office. Interior features include arched openings, stained glass, hardwood flooring, fireplaces, formal dining rooms, and separate breakfast rooms. Each unit also has walk-in closets and additional storage. A heated lap pool serves the property, along with two detached garages, each accommodating two cars. The garages may offer ADU conversion potential, subject to applicable approvals.
The property holds Mills Act status and is located in South Carthay. Walk Score is 93, Bike Score is 60, and Transit Score is 58.
The property holds Mills Act status and is located in South Carthay. Walk Score is 93, Bike Score is 60, and Transit Score is 58.
Key Highlights
- Two residences, each with 3 bedrooms and 2 bathrooms
- Lower residence is vacant; upper unit includes a den or office
- Mills Act status
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$69,907
Cap Rate
4.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,398,140
$1.4M
Cap Rate 7%
$998,671
$998.7K
Cap Rate 9%
$776,744
$776.7K
Market Conditions
NOI Build-Up for 4,003 SF
Gross rent
$108.1K $27.00/SF
− Vacancy
−$8.2K −$2.05/SF
EGI
$99.9K $24.95/SF
− OpEx
−$30.0K −$7.48/SF
NOI
$69.9K $17.46/SF
Area
Los Angeles County, CA
Vacancy
7.60%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,398,140
Cap Rate 7%
$998,671
Cap Rate 9%
$776,744
Alternative Uses
Best Use
Multifamily LT 5
$998.7K
$873.8K – $1.17M
NOI $69,907 @ 7.0% cap · market cap 4.12%
Second Best
Apartment 5plus
$920.2K
$805.1K – $1.07M
NOI $64,411 @ 7.0% cap · market cap 3.80%
Theoretical Best
Office A
$1.67M
$1.46M – $1.95M
NOI $116,991 @ 7.0% cap · market cap 6.90%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
8,173
Businesses Nearby
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Business Placement
Demographics for 90035, CA
30,294
Population
13,795
Households
2.2
Avg Household Size
37
Median Age
68%
College-Educated
95%
High-School Grad
2.3 sq mi
ZIP Area
13,171
Density / Sq Mi
$108,224
Median Household Income
$67,202
Median Earnings
$2,486
Median Rent
$1,844,000
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Los Angeles, CA
Properties on Market for Duplexes in Los Angeles
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Mills Act designation accompanies two residences with formal dining rooms and a heated lap pool.
Where is this duplex located?
The property is located at 1046 S Alfred St Los Angeles, CA.
What is the asking price?
The asking price for this property is $1,695,000.
What are key features of this property?
This property features: Two residences, each with 3 bedrooms and 2 bathrooms; Lower residence is vacant; upper unit includes a den or office; Mills Act status
