Craftsman Duplex with Fenced
For Sale
$649,000
Pending
1123 Mcdonnell Avenue, East Los Angeles, CA 90022
1920s duplex with wood detailing, covered parking, storage, and a rectangular fenced lot.
Property Size1,104 SF
Lot Size0.13 Acres
Days on Market495
Property Features for 1123 Mcdonnell Avenue
General Information
Standard status
Pending
Size
1,104 SF
Lot size
0.13 Acres
Property subtype
Duplex
Additional Details
Multifamily Units
1
Amenities
3
Tile, Vinyl, Wood
Carbon Monoxide Detector, None, Range Hood
Laminate Counter
Alarm -Smoke/Fire
Composition, Shingle
Chain Link
Covered
Parking. Storage Area. Fenced Yard.
3 Parking Spaces. Street Parking, Concrete Driveway, Driveway, On Site, Off Street.
Wood
Rectangular
No Common Walls, Extra Storage, Front Yard, Street Lights. City Road, Rectangular.
Building Details
Year Built
1924
Stories
1
Construction
Craftsman bungalow
Listing Agency:
Circa Properties, Inc.
(714) 203-6814
Listed By:
James Oronoz · License #02056694
(714) 553-9073
Source:
Xome
Added: Apr 27, 2025
Changed: Sep 2
Last Checked: Sep 2 at 4:07PM
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 Circa Properties, Inc.
Investment Insights
Based on property information with market context.
This duplex property was built in 1924 and offers 1,104 square feet of building area. The structure features Craftsman-era character with wood elements, composition shingle roofing, tile, vinyl, and wood interior surfaces. A laminate counter, range hood, carbon monoxide detector, and smoke/fire alarm are also noted.
The property occupies a rectangular 5,867-square-foot lot at 1123 S McDonnell Avenue in East Los Angeles. Exterior improvements include a fenced yard, front yard, covered area, extra storage, and a concrete driveway. Parking includes three spaces, with additional street parking identified. The site is served by a city road and includes street lighting.
The property occupies a rectangular 5,867-square-foot lot at 1123 S McDonnell Avenue in East Los Angeles. Exterior improvements include a fenced yard, front yard, covered area, extra storage, and a concrete driveway. Parking includes three spaces, with additional street parking identified. The site is served by a city road and includes street lighting.
Key Highlights
- Duplex property built in 1924
- 1,104 square feet of building area
- 5,867‑square‑foot rectangular lot
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$25,317
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.90%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$506,340
$506.3K
Cap Rate 7%
$361,671
$361.7K
Cap Rate 9%
$281,300
$281.3K
Market Conditions
NOI Build-Up for 1,104 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$37.1K $33.60/SF
− Vacancy
−$927 −$0.84/SF
EGI
$36.2K $32.76/SF
− OpEx
−$10.9K −$9.83/SF
NOI
$25.3K $22.93/SF
Area
ZIP 90022
Vacancy
2.50%
Lease Rate
$33.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$506,340
Cap Rate 7%
$361,671
Cap Rate 9%
$281,300
Alternative Uses
Best Use
Multifamily LT 5
$361.7K
$316.5K – $422.0K
NOI $25,317 @ 7.0% cap · market cap 3.90%
Second Best
Apartment 5plus
$329.7K
$288.5K – $384.7K
NOI $23,081 @ 7.0% cap · market cap 3.56%
Theoretical Best
Office A
$449.8K
$393.6K – $524.8K
NOI $31,487 @ 7.0% cap · market cap 4.85%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
2,265
Businesses Nearby
Explore this area
Business Placement
Demographics for 90022, CA
64,517
Population
17,845
Households
3.6
Avg Household Size
34
Median Age
10%
College-Educated
56%
High-School Grad
4.4 sq mi
ZIP Area
14,663
Density / Sq Mi
$67,829
Median Household Income
$32,304
Median Earnings
$1,407
Median Rent
$603,500
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - 1920s duplex with wood detailing, covered parking, storage, and a rectangular fenced lot.
Where is this duplex located?
The property is located at 1123 Mcdonnell Avenue East Los Angeles, CA.
What is the asking price?
The asking price for this property is $649,000.
What are key features of this property?
This property features: Duplex property built in 1924; 1,104 square feet of building area; 5,867‑square‑foot rectangular lot
