Two-Unit Duplex with Alley
For Sale
$790,000
2421 W Via Corona, Montebello, CA 90640
Separate gas and electric meters, laundry hookups, and mini-split systems serve both residences.
Property Size1,490 SF
Lot Size0.15 Acres
Price / SF$530.20
Days on Market21
Property Features for 2421 W Via Corona
General Information
Standard status
Active
Size
1,490 SF
Total Parking Spaces
4
Lot size
0.15 Acres
Property subtype
Residential Income
Site & Location
Highway Access
Yes
Road Access
Yes
Utilities to Site
Yes
Units
Unit Mix
1 x 2BR/1BA, 1 x 1BR/1BA
Multifamily Units
2
Amenities
laundry hook ups
mini split systems
Ceiling Fan(s)
All Bedrooms Down
Building Details
Building Size
1,490 SF
Year Built
1950
Buildings
2
Stories
1
Units
2
Listing Agency:
CK Real Estate
(323) 667-9086
Listed By:
Esther Rosas-Castaneda
(626) 465-9483
Source:
Bestpropertymanagementrealty
Added: Oct 6
Changed: Oct 25
Last Checked: Oct 22 at 2:20PM
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 CK Real Estate
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Investment Insights
Based on property information with market context.
This 1,490-square-foot duplex contains two separately addressed residences: a front unit with two bedrooms and one bathroom, and a rear unit with one bedroom and one bathroom. Each has laundry hookups and a new mini-split system, with its own gas and electric meter. The property was built in 1950 and occupies an approximately 6,516-square-foot lot.
Access is available from the main street and a rear alley. Two single-car garages are reached from the alley; conversion to an ADU is a possibility subject to city verification. Nearby destinations listed include schools, Montebello Town Center, other shopping centers, major freeways, and parks.
Access is available from the main street and a rear alley. Two single-car garages are reached from the alley; conversion to an ADU is a possibility subject to city verification. Nearby destinations listed include schools, Montebello Town Center, other shopping centers, major freeways, and parks.
Key Highlights
- Two residences totaling 1,490 square feet on an approximately 6,516‑square‑foot lot
- Front unit: 2 bedrooms and 1 bathroom; rear unit: 1 bedroom and 1 bathroom
- Separate electrical and gas meters for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,021
Cap Rate
3.29%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$520,420
$520.4K
Cap Rate 7%
$371,729
$371.7K
Cap Rate 9%
$289,122
$289.1K
Market Conditions
NOI Build-Up for 1,490 SF
Gross rent
$40.2K $27.00/SF
− Vacancy
−$3.1K −$2.05/SF
EGI
$37.2K $24.95/SF
− OpEx
−$11.2K −$7.48/SF
NOI
$26.0K $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%
$520,420
Cap Rate 7%
$371,729
Cap Rate 9%
$289,122
Alternative Uses
Best Use
Multifamily LT 5
$371.7K
$325.3K – $433.7K
NOI $26,021 @ 7.0% cap · market cap 3.29%
Second Best
Apartment 5plus
$342.5K
$299.7K – $399.6K
NOI $23,975 @ 7.0% cap · market cap 3.03%
Theoretical Best
Office A
$797.7K
$698.0K – $930.7K
NOI $55,842 @ 7.0% cap · market cap 7.07%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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See the owner, sales and loan history
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Lease Details
2
Residential units
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,337
Businesses Nearby
Explore this area
Business Placement
Demographics for 90640, CA
62,678
Population
20,438
Households
3.1
Avg Household Size
38
Median Age
22%
College-Educated
74%
High-School Grad
8.3 sq mi
ZIP Area
7,552
Density / Sq Mi
$74,833
Median Household Income
$37,983
Median Earnings
$1,771
Median Rent
$660,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Separate gas and electric meters, laundry hookups, and mini-split systems serve both residences.
Where is this duplex located?
The property is located at 2421 W Via Corona Montebello, CA.
What is the asking price?
The asking price for this property is $790,000.
What are key features of this property?
This property features: Two residences totaling 1,490 square feet on an approximately 6,516‑square‑foot lot; Front unit: 2 bedrooms and 1 bathroom; rear unit: 1 bedroom and 1 bathroom; Separate electrical and gas meters for each unit
