Two-Unit Duplex with Attached
For Sale
$635,000
1513 Hendricks, Los Angeles, CA 90022
Both occupied residences offer two bedrooms and one bathroom apiece.
Property Size1,464 SF
Lot Size0.13 Acres
Price / SF$433.74
Days on Market11
Property Features for 1513 Hendricks
General Information
Standard status
Active
Size
1,464 SF
Total Parking Spaces
2
Lot size
0.13 Acres
Property subtype
Residential Income
Occupancy
100%
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Additional Details
Highway Access
Yes
Tenant in Place
Yes
Building Details
Building Size
1,464 SF
Year Built
1956
Buildings
2
Stories
1
Units
2
Listing Agency:
IET Real Estate
(562) 360-1027
Listed By:
Ricardo Arias · License #01275626
(562) 254-6450
Source:
Csbrealty
Added: Oct 14
Changed: Oct 23
Last Checked: Oct 23 at 10:07AM
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 IET Real Estate
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Investment Insights
Based on property information with market context.
This two-unit duplex contains approximately 1,464 square feet of combined living area, with each residence arranged as a two-bedroom, one-bath home. The property was built in 1956 and occupies a 5,597 sf corner parcel. Each unit has a separate front entry and a private grassy area. A backyard patio and laundry space are also part of the property, with rear access near the garage.
An attached two-car garage and a long driveway provide on-site parking. The location offers access to nearby parks, schools, shopping centers and transportation, as well as the 710, 60 and 5 freeways. Both residences are currently occupied.
An attached two-car garage and a long driveway provide on-site parking. The location offers access to nearby parks, schools, shopping centers and transportation, as well as the 710, 60 and 5 freeways. Both residences are currently occupied.
Key Highlights
- Two residences, each with 2 bedrooms and 1 bathroom; both are occupied
- Approximately 1,464 square feet of combined living space
- 5,597 sf corner lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,572
Cap Rate
5.29%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$671,440
$671.4K
Cap Rate 7%
$479,600
$479.6K
Cap Rate 9%
$373,022
$373.0K
Market Conditions
NOI Build-Up for 1,464 SF
Gross rent
$49.2K $33.60/SF
− Vacancy
−$1.2K −$0.84/SF
EGI
$48.0K $32.76/SF
− OpEx
−$14.4K −$9.83/SF
NOI
$33.6K $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 Rate 5%
$671,440
Cap Rate 7%
$479,600
Cap Rate 9%
$373,022
Alternative Uses
Best Use
Multifamily LT 5
$479.6K
$419.7K – $559.5K
NOI $33,572 @ 7.0% cap · market cap 5.29%
Second Best
Apartment 5plus
$437.2K
$382.6K – $510.1K
NOI $30,607 @ 7.0% cap · market cap 4.82%
Theoretical Best
Office A
$596.5K
$521.9K – $695.9K
NOI $41,754 @ 7.0% cap · market cap 6.58%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,272
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
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Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Both occupied residences offer two bedrooms and one bathroom apiece.
Where is this duplex located?
The property is located at 1513 Hendricks Los Angeles, CA.
What is the asking price?
The asking price for this property is $635,000.
What are key features of this property?
This property features: Two residences, each with 2 bedrooms and 1 bathroom; both are occupied; Approximately 1,464 square feet of combined living space; 5,597 sf corner lot
