Updated Attached Duplex with
For Sale
$799,995
1438 South Woods Avenue, Los Angeles, CA 90022
Gated attached duplex offering two updated 2-bedroom units plus in-unit laundry areas and a detached garage with ADU potential.
Property Size1,673 SF
Price / SF$478.18
Days on Market78
Property Features for 1438 South Woods Avenue
General Information
Standard status
Active
Size
1,673 SF
Total Parking Spaces
2
Property subtype
Residential
Additional Details
Business Included
Yes
Highway Access
Yes
Multifamily Units
2
Building Details
Year Built
1946
Tenancy
Multi
Listing Agency:
Keller Williams SELA
Listed By:
Tiffany Chang · License #01256518
(323) 490-2381
Source:
Compass
Added: Jun 26
Changed: Sep 10
Last Checked: Sep 10 at 11:26AM
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 Keller Williams SELA
Investment Insights
Based on property information with market context.
This gated attached duplex features two separate 2-bedroom, 1-bath units. The front unit’s living room has been divided to create a third bedroom, and the bathroom was updated in 2024. Each unit includes its own dedicated laundry area located behind the unit. The property also has a detached garage, which may offer an option to convert to an ADU, subject to buyer verification of all requirements and permits with the city.
Recent improvements include a newer roof, updated electrical and plumbing, fresh interior and exterior paint, updated kitchens and baths, and newer wall A/C units. The property is gated and provides alley access, with the detached garage on site. It is described as conveniently located near freeways, shopping, restaurants, and public transportation.
The layout supports tenants who want separate living spaces with on-site laundry for each unit. This offering is also suited for an owner-occupant plan where one unit can be lived in while the other is retained as income-producing. The sale is being delivered AS IS, with no repairs or credits.
Recent improvements include a newer roof, updated electrical and plumbing, fresh interior and exterior paint, updated kitchens and baths, and newer wall A/C units. The property is gated and provides alley access, with the detached garage on site. It is described as conveniently located near freeways, shopping, restaurants, and public transportation.
The layout supports tenants who want separate living spaces with on-site laundry for each unit. This offering is also suited for an owner-occupant plan where one unit can be lived in while the other is retained as income-producing. The sale is being delivered AS IS, with no repairs or credits.
Key Highlights
- Gated attached duplex (built 1946) with two updated 2‑bedroom, 1‑bath units
- Both units have their own laundry areas behind each unit
- Front unit bath updated in 2024; living room divided to create a third bedroom
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
$38,365
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
4.80%
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%
$767,300
$767.3K
Cap Rate 7%
$548,071
$548.1K
Cap Rate 9%
$426,278
$426.3K
Market Conditions
NOI Build-Up for 1,673 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
$56.2K $33.60/SF
− Vacancy
−$1.4K −$0.84/SF
EGI
$54.8K $32.76/SF
− OpEx
−$16.4K −$9.83/SF
NOI
$38.4K $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%
$767,300
Cap Rate 7%
$548,071
Cap Rate 9%
$426,278
Alternative Uses
Best Use
Multifamily LT 5
$548.1K
$479.6K – $639.4K
NOI $38,365 @ 7.0% cap · market cap 4.80%
Second Best
Apartment 5plus
$499.7K
$437.2K – $583.0K
NOI $34,977 @ 7.0% cap · market cap 4.37%
Theoretical Best
Office A
$681.6K
$596.4K – $795.3K
NOI $47,715 @ 7.0% cap · market cap 5.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Turnkey business
Opportunity
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,949
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Duplex - Gated attached duplex offering two updated 2-bedroom units plus in-unit laundry areas and a detached garage with ADU potential.
Where is this duplex located?
The property is located at 1438 South Woods Avenue Los Angeles, CA.
What is the asking price?
The asking price for this property is $799,995.
What are key features of this property?
This property features: Gated attached duplex (built 1946) with two updated 2‑bedroom, 1‑bath units; Both units have their own laundry areas behind each unit; Front unit bath updated in 2024; living room divided to create a third bedroom
