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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
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.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
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
Check the figures for this property
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 - 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
