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    Turnkey Duplex With Two Units Title is generated by Realmo AI

    2621 Juliet, Los Angeles, CA 90007

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    Duplex with an in-place 3-bedroom lower unit on a lease and a 4-bedroom upper unit delivered vacant.

    Type:Multifamily
    Added:
    May 26, 2026
    Days on Market:
    12
    Last Refresh:
    Jun 6 at 2:35 am

    Property Features for 2621 Juliet

    General Information

    Standard status
    Active
    Property subtype
    Multifamily

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    Listing Contact
    Maxwell Thurman
    Maxwell Thurman

    Listing agent Maxwell Thurman License #02038853

    Listing office Circa Properties, Inc.

    Listing date May 26, 2026

    Source Crexi

    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 Circa Properties, Inc.

    HighLights

    • Duplex at 2621 Juliet St in the USC DPS patrol zone, offering an in‑place 3‑bedroom lower unit on a 2‑year lease.
    • Lower unit: 3 bed, 2 bath, long‑term tenants paying $2,600/month on a 2‑year lease.
    • Upper unit: 4 bed, 2 bath, delivered vacant at close of escrow—ready for an owner‑user or to rent at fair market rates.
    • Upper unit features include in‑unit washer/dryer, window A/C units in each bedroom, installed blinds, and two separate access points.
    • Dedicated driveway parking for up to three vehicles.
    • Recent major improvements include foundation and seismic retrofit work, upgraded pier/post systems, new girder beam support, roof repairs, plumbing upgrades with dual 40‑gallon water heaters, and electrical modernization with new 2‑meter 200‑amp main panel relocation and upgraded feeders.

    Overview

    2621 Juliet Street is a duplex configuration featuring two separate residential units with individual access points. The upper unit is a turnkey 4-bedroom, 2-bath home designed for immediate occupancy as it will be delivered vacant at close of escrow. It includes in-unit washer and dryer, installed blinds throughout, and individual window A/C units in each bedroom, along with dedicated driveway parking for up to three vehicles. The lower unit offers a 3-bedroom, 2-bath floor plan and is currently occupied by long-term tenants on a 2-year lease paying $2,600 per month.

    The property is positioned within the USC rental market and lies inside the USC Department of Public Safety (DPS) patrol zone. This setting supports tenant-friendly stability for operators and investors focused on student and area demand.

    Ownership has invested in the property’s infrastructure and major systems. Documented improvements include foundation and seismic retrofit work, upgraded pier and post systems, new girder beam support installation, roof repairs and maintenance, plumbing upgrades with dual 40-gallon water heaters, and electrical modernization with a relocated new 2-meter 200-amp main panel and upgraded feeders. With one unit available upon closing and the other producing contracted income, the duplex can fit buyers seeking a straightforward two-unit operating profile, including an owner-user or student housing operator looking to immediately control the vacant unit.
    Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Grocery & Convenience Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.29548
    Latitude
    34.0321

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    FAQs

    What type of property is this?
    Duplex - Duplex with an in-place 3-bedroom lower unit on a lease and a 4-bedroom upper unit delivered vacant.
    Where is this duplex located?
    The property is located at 2621 Juliet Los Angeles, CA.
    What is the asking price?
    The asking price for this property is $850,000.
    What are key features of this property?
    This property features: Duplex at 2621 Juliet St in the USC DPS patrol zone, offering an in‑place 3‑bedroom lower unit on a 2‑year lease.; Lower unit: 3 bed, 2 bath, long‑term tenants paying $2,600/month on a 2‑year lease.; Upper unit: 4 bed, 2 bath, delivered vacant at close of escrow—ready for an owner‑user or to rent at fair market rates.
    (714) 814-9644 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Maxwell Thurman
    Maxwell Thurman
    Real Estate License ID: 02038853
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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