Renovated Duplex with Two
2326 Riverdale AVE, Los Angeles, CA 90031
For Sale
$1,574,900
Two updated residences provide separate living spaces on one lot.
Property Size2,640 SF
Days on Market50
Property Features for 2326 Riverdale AVE
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Units
Unit Mix
Multifamily Units
Building Details
Building Size
Year Built
Listing Agency:
H & M Realty Group
Listed By:
Mikaela Nguyen · License CA #02117027
(916) 220-1391
Source:
Milsteinestates
Added: Sep 21
Changed: Nov 4
Last Checked: Nov 8 at 2:16PM
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 H & M Realty Group
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Investment Insights
Based on property information with market context.
Located at 2326 Riverdale in Los Angeles, this duplex contains two separate residences with a combined 8 bedrooms and 5 bathrooms. The front home offers 3 bedrooms and 2 bathrooms, while the rear residence includes 5 bedrooms and 3 bathrooms, creating distinct living arrangements within one property.
Both residences have undergone extensive updates, including new windows, LVP flooring, quartz countertops, refreshed kitchens and bathrooms, upgraded showers, tile finishes, and wood-tone cabinetry. Natural light, separate living areas, and contemporary interior finishes support a range of residential configurations. Built in 1928, the property can accommodate owner occupancy with a second residence for extended household use or rental purposes, or operate as a two-residence income property.
Both residences have undergone extensive updates, including new windows, LVP flooring, quartz countertops, refreshed kitchens and bathrooms, upgraded showers, tile finishes, and wood-tone cabinetry. Natural light, separate living areas, and contemporary interior finishes support a range of residential configurations. Built in 1928, the property can accommodate owner occupancy with a second residence for extended household use or rental purposes, or operate as a two-residence income property.
Key Highlights
- Two separate residences on one lot
- Combined 8 bedrooms and 5 bathrooms
- Front residence includes 3 bedrooms and 2 bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$46,104
Cap Rate
2.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$922,080
$922.1K
Cap Rate 7%
$658,629
$658.6K
Cap Rate 9%
$512,267
$512.3K
Market Conditions
NOI Build-Up for 2,640 SF
Gross rent
$71.3K $27.00/SF
− Vacancy
−$5.4K −$2.05/SF
EGI
$65.9K $24.95/SF
− OpEx
−$19.8K −$7.48/SF
NOI
$46.1K $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%
$922,080
Cap Rate 7%
$658,629
Cap Rate 9%
$512,267
Alternative Uses
Best Use
Multifamily LT 5
$658.6K
$576.3K – $768.4K
NOI $46,104 @ 7.0% cap · market cap 2.93%
Second Best
Apartment 5plus
$606.9K
$531.0K – $708.0K
NOI $42,480 @ 7.0% cap · market cap 2.70%
Theoretical Best
Office A
$1.10M
$964.5K – $1.29M
NOI $77,156 @ 7.0% cap · market cap 4.90%
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
507
Businesses Nearby
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Business Placement
Demographics for 90031, CA
37,333
Population
12,686
Households
2.9
Avg Household Size
37
Median Age
24%
College-Educated
66%
High-School Grad
3.5 sq mi
ZIP Area
10,667
Density / Sq Mi
$62,119
Median Household Income
$34,356
Median Earnings
$1,487
Median Rent
$758,500
Median Home Value
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Market
Average Price Trend$/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 - Two updated residences provide separate living spaces on one lot.
Where is this duplex located?
The property is located at 2326 Riverdale AVE Los Angeles, CA.
What is the asking price?
The asking price for this property is $1,574,900.
What are key features of this property?
This property features: Two separate residences on one lot; Combined 8 bedrooms and 5 bathrooms; Front residence includes 3 bedrooms and 2 bathrooms
