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Los Angeles Duplex Investment Opportunity

- 246 W 66th Street Los Angeles, CA 90003

- 246 W 66th Street, Los Angeles, CA, 90003

$650,000

For Sale

$650,000

Income-producing duplex near USC, LA Live, and SoFi Stadium.

Property Size1,860 SF

Price / SF$349.46

AddedSep 26, 2024

Days on Market657

Last RefreshMay 27 at 9:44 am

Property Features for - 246 W 66th Street

General Information

Standard status: Active
Size: 1,860 SF
Property subtype: Multi Family

Building Details

Year Built: 1924

Listing office EXCELLENCE RE REAL ESTATE

Listing date Sep 26, 2024

Source Exitrealty

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 EXCELLENCE RE REAL ESTATE

Investment Insights

Based on property information with market context.

This income-producing duplex, located at 244 and 246 W 66th St. in the heart of Los Angeles, presents a significant investment opportunity. The property is situated close to various amenities, including the University of Southern California (USC), BMO Stadium (home of LAFC), the LA Coliseum, and LA Live with its restaurants, entertainment venues, and Crypto.com Arena (home of the Lakers). SoFi Stadium, YouTube Theater, and Intuit Dome are also nearby. The front unit features 5 beds and 2 baths, while the rear unit offers 1 bed and 1 bath. The property includes solar panels and two driveways, one for each unit. The large lot has alley access in the rear and side, potentially suitable for building new units. The property size is 1860 square feet.

Key Highlights

Income‑producing duplex in central Los Angeles.
Large lot with alley access, suitable for building additional units.
Front unit: 5 beds, 2 baths; Rear unit: 1 bed, 1 bath.

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$61.4k	$33.00
− Vacancy	−$1.2k	−$0.66
EGI	$60.2k	$32.34
− OpEx	−$18.0k	−$9.70
NOI	$42.1k	$22.64

1,860 SF · lease $33.00/SF/yr · vacancy 2.00% · expense 30.00%

Alternative Uses

Best Use

Apartment 5plus

$32.88M

$28.77M – $38.36M (±1% cap)

NOI $2,301,851 @ 7.0% cap · market cap 354.13%

Second Best

Multifamily LT 5

$601.5K

$526.3K – $701.8K (±1% cap)

NOI $42,107 @ 7.0% cap · market cap 6.48%

Theoretical Best

—

same as Best Use

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

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

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For sale
Duplexes
CA
Los Angeles
90003
- 246 W 66th Street

What type of property is this?

Duplex - Income-producing duplex near USC, LA Live, and SoFi Stadium.

Where is this duplex located?

The property is located at - 246 W 66th Street Los Angeles, CA.

What is the asking price?

The asking price for this property is $650,000.

What are key features of this property?

This property features: Income‑producing duplex in central Los Angeles.; Large lot with alley access, suitable for building additional units.; **Front unit: 5 beds, 2 baths; Rear unit: 1 bed, 1 bath.**