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    USC Duplex with Rental Upside Title is generated by Realmo AI

    2621 Juliet, Los Angeles, CA 90007

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    Claim this Listing
    New
    For Sale
    $850,000

    Craftsman, Duplex - Los Angeles, CA

    Type:Duplex
    Property size:
    2,088 SF
    Lot size:
    2,909.00 Acres
    Price / SF:
    $407/SF
    Added:
    May 28, 2026
    Days on Market:
    2
    Last Refresh:
    May 29 at 11:06 am

    Property Features for 2621 Juliet

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Duplex
    Bedrooms
    7
    Bathrooms
    4
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Parking
    3
    Parking features
    Driveway
    Interior features
    None
    Exterior features
    Fence, Community Features Included: Urban, 0-1 Unit/Acre
    Fencing
    Fenced
    Appliances
    Oven - Gas
    Standard status
    Active
    APN
    5054030051
    Size
    2,088 SF
    Lot size
    2,909.00 Acres

    Utilities

    Heating system
    Forced Air
    Cooling system
    Multi Units, Wall/Window Unit(s), Window Unit(s)

    Building Details

    Year built
    1906
    Floors in Building
    2
    Number of units
    2
    Flooring type
    Laminate
    Roof type
    Asphalt
    Architectural style
    Craftsman

    We can help!

    Listing Contact
    Maxwell Thurman
    Maxwell Thurman

    Listing agent Maxwell Thurman License #02038853

    Listing office T.N.G. Real Estate Consultants 2830 Brea Blvd., Brea, CA

    Listing date May 28, 2026

    MLS# PW26114278 Listing URL

    Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Located in the USC DPS patrol zone for enhanced security.
    • Upper 4‑bedroom, 2‑bath unit delivered vacant - perfect for immediate rental or owner‑occupancy.
    • Significant capital improvements completed: foundation/seismic retrofit, plumbing, and electrical upgrades.
    • Currently operating at an estimated 6.1% cap rate with stable income.
    • Upper unit features in‑unit washer/dryer, individual A/C units in each bedroom, and dedicated driveway parking for up to three vehicles.
    • Strong rental upside potential in a high‑demand, USC‑adjacent location.

    Overview

    Located in the USC rental market and within the USC Department of Public Safety (DPS) patrol zone, this duplex at 2621 Juliet Street offers a stabilized investment opportunity. The property operates at an estimated 6.1% cap rate with a projected gross scheduled income multiplier of 11.8 years. The upper unit is a turnkey 4-bedroom, 2-bath residence that will be delivered vacant, presenting an opportunity for an owner-user, student housing operator, or investor to achieve fair market rents. This unit features two separate access points, in-unit washer and dryer, individual window A/C units in each bedroom, installed blinds, and dedicated driveway parking for up to three vehicles. The lower unit has a 3-bedroom, 2-bath floor plan occupied by long-term tenants paying $2,600 per month on a 2-year lease. Significant infrastructure improvements have been made, including foundation and seismic retrofit work, upgraded pier and post systems, new girder beam support installation, roof repairs and maintenance, plumbing upgrades including dual 40-gallon water heaters, and a substantial electrical modernization that included a new 2-meter 200-amp main panel relocation with upgraded feeders and future generator connectivity. The property size is 2088 square feet and the lot size is approximately 0.067 acres.
    Property Profile 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 - Stabilized duplex near USC with immediate rental growth potential.
    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: Located in the USC DPS patrol zone for enhanced security.; **Upper 4‑bedroom, 2‑bath unit delivered vacant** - perfect for immediate rental or owner‑occupancy.; Significant capital improvements completed: foundation/seismic retrofit, plumbing, and electrical upgrades.
    (714) 814-9644
    We can help!
    Listing Contact
    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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