Duplex with Detached Two-Car
For Sale
$1,180,000
2354 Schoolside, Monterey Park, CA 91754
Two-unit duplex offers 2 bedrooms and 1 bathroom per unit, with in-unit laundry and a detached 2-car garage.
Property Size2,163 SF
Days on Market154
Property Features for 2354 Schoolside
General Information
Standard status
Active
Size
2,163 SF
Total Parking Spaces
2
Property subtype
MULTI_FAMILY
Site & Location
Highway Access
Yes
Fenced Yard
Yes
Additional Details
Multifamily Units
2
Building Details
Building Size
2,163 SF
Year Built
1948
Listing Agency:
Pinnacle Real Estate Group
Listed By:
Xander Chan · License #01952728
Source:
Milsteinestates
Added: Mar 28
Changed: Aug 16
Last Checked: Aug 26 at 2:54PM
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 Pinnacle Real Estate Group
Investment Insights
Based on property information with market context.
This duplex comprises two separate units, each with two bedrooms and one full bathroom. One unit also includes an additional half bath on the main level. Interiors feature a combination of wood and bamboo flooring, dual-pane windows, and convenient in-unit laundry closets. Outside, the property includes a fenced backyard, providing a private outdoor area for residents. Parking is supported by two dedicated spaces, plus a detached two-car garage.
Located on a quiet residential street in Monterey Park, the property is described as minutes from popular restaurants and shopping centers. It is also within close distance to East Los Angeles College and a nearby elementary school. Commuter access is supported by easy entry to the 60, 10, 710, and 5 freeways, facilitating travel to Downtown Los Angeles and surrounding areas.
As a residential income property, this layout is well suited for buyers looking for a duplex structure with multiple bedrooms per unit, in-unit laundry, and a detached garage that can support tenant needs. The combination of dual-pane windows, fenced outdoor space, and dedicated parking helps round out the day-to-day functionality for both residents and long-term renters.
Located on a quiet residential street in Monterey Park, the property is described as minutes from popular restaurants and shopping centers. It is also within close distance to East Los Angeles College and a nearby elementary school. Commuter access is supported by easy entry to the 60, 10, 710, and 5 freeways, facilitating travel to Downtown Los Angeles and surrounding areas.
As a residential income property, this layout is well suited for buyers looking for a duplex structure with multiple bedrooms per unit, in-unit laundry, and a detached garage that can support tenant needs. The combination of dual-pane windows, fenced outdoor space, and dedicated parking helps round out the day-to-day functionality for both residents and long-term renters.
Key Highlights
- 1948‑built 2‑unit duplex in Monterey Park, with 2 bedrooms and 1 full bathroom per unit
- One unit includes an additional half bathroom on the main level
- Dual‑pane windows, with wood and bamboo flooring and in‑unit laundry closets
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
$37,774
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
3.20%
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%
$755,480
$755.5K
Cap Rate 7%
$539,629
$539.6K
Cap Rate 9%
$419,711
$419.7K
Market Conditions
NOI Build-Up for 2,163 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
$58.4K $27.00/SF
− Vacancy
−$4.4K −$2.05/SF
EGI
$54.0K $24.95/SF
− OpEx
−$16.2K −$7.48/SF
NOI
$37.8K $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 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%
$755,480
Cap Rate 7%
$539,629
Cap Rate 9%
$419,711
Alternative Uses
Best Use
Multifamily LT 5
$539.6K
$472.2K – $629.6K
NOI $37,774 @ 7.0% cap · market cap 3.20%
Second Best
Apartment 5plus
$497.2K
$435.1K – $580.1K
NOI $34,804 @ 7.0% cap · market cap 2.95%
Theoretical Best
Office A
$1.16M
$1.01M – $1.35M
NOI $81,064 @ 7.0% cap · market cap 6.87%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,368
Businesses Nearby
Explore this area
Business Placement
Demographics for 91754, CA
33,300
Population
12,754
Households
2.6
Avg Household Size
44
Median Age
38%
College-Educated
82%
High-School Grad
4.5 sq mi
ZIP Area
7,400
Density / Sq Mi
$81,890
Median Household Income
$46,992
Median Earnings
$1,884
Median Rent
$845,000
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two-unit duplex offers 2 bedrooms and 1 bathroom per unit, with in-unit laundry and a detached 2-car garage.
Where is this duplex located?
The property is located at 2354 Schoolside Monterey Park, CA.
What is the asking price?
The asking price for this property is $1,180,000.
What are key features of this property?
This property features: 1948‑built 2‑unit duplex in Monterey Park, with 2 bedrooms and 1 full bathroom per unit; One unit includes an additional half bathroom on the main level; Dual‑pane windows, with wood and bamboo flooring and in‑unit laundry closets
