Duplex With Remodeled Rear
242 W 58th, Los Angeles, CA 90037
For Sale
$579,000
The two residences have separate bedroom layouts, and the rear unit may be delivered vacant.
Property Size1,560 SF
Lot Size0.11 Acres
Price / SF$371.15
Days on Market42
Property Features for 242 W 58th
General Information
Standard status
Size
Lot size
Property subtype
Site & Location
Neighborhood
Units
Unit Mix
Multifamily Units
Additional Details
Tenant in Place
Building Details
Building Size
Year Built
Listing Agency:
Iberri & Associates Real Estate
(562) 544-9864
Listed By:
Jose Iberri · License #01706744
(562) 483-9629
Source:
Middlemanteam
Added: Sep 28
Changed: Nov 8
Last Checked: Nov 7 at 7:10PM
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 Iberri & Associates Real Estate
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Investment Insights
Based on property information with market context.
Built in 1913, this duplex contains two separate residences totaling approximately 1,560 sqft on a 4,842 sqft lot. The front residence has two bedrooms and one bathroom; the rear residence has one bedroom and one bathroom and has been remodeled. The front unit is occupied, while the rear unit may be delivered vacant.
The property is near the LA Coliseum, the Science Center, LAFC Stadium, shopping, schools, public transportation and major freeways.
The property is near the LA Coliseum, the Science Center, LAFC Stadium, shopping, schools, public transportation and major freeways.
Key Highlights
- Two separate residences with approximately 1,560 sqft combined
- 4,842 sqft lot
- Front unit: 2 bedrooms and 1 bathroom; tenants in place
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,064
Cap Rate
4.50%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$521,280
$521.3K
Cap Rate 7%
$372,343
$372.3K
Cap Rate 9%
$289,600
$289.6K
Market Conditions
NOI Build-Up for 1,560 SF
Gross rent
$38.2K $24.48/SF
− Vacancy
−$955 −$0.61/SF
EGI
$37.2K $23.87/SF
− OpEx
−$11.2K −$7.16/SF
NOI
$26.1K $16.71/SF
Area
ZIP 90037
Vacancy
2.50%
Lease Rate
$24.48 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$521,280
Cap Rate 7%
$372,343
Cap Rate 9%
$289,600
Alternative Uses
Best Use
Multifamily LT 5
$372.3K
$325.8K – $434.4K
NOI $26,064 @ 7.0% cap · market cap 4.50%
Second Best
Apartment 5plus
$330.9K
$289.6K – $386.1K
NOI $23,166 @ 7.0% cap · market cap 4.00%
Theoretical Best
Office A
$611.3K
$534.9K – $713.2K
NOI $42,789 @ 7.0% cap · market cap 7.39%
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
1,551
Businesses Nearby
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Business Placement
Demographics for 90037, CA
63,706
Population
18,709
Households
3.4
Avg Household Size
33
Median Age
9%
College-Educated
54%
High-School Grad
2.9 sq mi
ZIP Area
21,968
Density / Sq Mi
$56,417
Median Household Income
$29,857
Median Earnings
$1,438
Median Rent
$632,600
Median Home Value
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Market
Average Price Trend$/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 - The two residences have separate bedroom layouts, and the rear unit may be delivered vacant.
Where is this duplex located?
The property is located at 242 W 58th Los Angeles, CA.
What is the asking price?
The asking price for this property is $579,000.
What are key features of this property?
This property features: Two separate residences with approximately 1,560 sqft combined; 4,842 sqft lot; Front unit: 2 bedrooms and 1 bathroom; tenants in place
