Detached Two-Unit
New
For Sale
$629,000
301 N Mcdonnell Ave, Los Angeles, CA 90022
Fully occupied residences with dedicated garage and tandem parking on a corner lot.
Property Size1,505 SF
Lot Size0.16 Acres
Price / SF$417.94
Days on Market4
Property Features for 301 N Mcdonnell Ave
General Information
Standard status
Active
Size
1,505 SF
Net Rentable
1,505 SF
Total Parking Spaces
7
Lot size
0.16 Acres
Property subtype
Multi-Family
Zoning
LCR2
Occupancy
100%
Units
Unit Mix
1 x 2BR/1BA, 1 x 1BR/1BA
Multifamily Units
2
Building Details
Year Built
1930
Buildings
2
Stories
1
Tenancy
Multi
Listed By:
McCall Real Estate Partners
(949) 439-9538
Source:
Barbaraandautumn
Added: Sep 18
Last Checked: Sep 20 at 8:35AM
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 McCall Real Estate Partners
Investment Insights
Based on property information with market context.
This duplex at 301 N McDonnell Ave includes two detached, single-story residences totaling 1,505 square feet of rentable living area. The unit mix consists of one 2-bedroom/1-bathroom home and one 1-bedroom/1-bathroom home, with both units occupied. Built in 1930, the property sits on a 7,011-square-foot corner lot zoned LCR2.
Parking includes a detached 2-car garage and approximately 5 additional uncovered tandem spaces. The property is being sold with all tenants in place. Its East Los Angeles setting provides access to neighborhood retail, dining, and services, with Whittier Boulevard nearby as a primary commercial corridor.
Parking includes a detached 2-car garage and approximately 5 additional uncovered tandem spaces. The property is being sold with all tenants in place. Its East Los Angeles setting provides access to neighborhood retail, dining, and services, with Whittier Boulevard nearby as a primary commercial corridor.
Key Highlights
- Two detached residences totaling 1,505 square feet of rentable living area
- Unit mix includes one 2‑bedroom/1‑bathroom unit and one 1‑bedroom/1‑bathroom unit
- Both units are currently occupied and will convey with tenants in place
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$34,513
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.49%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$690,260
$690.3K
Cap Rate 7%
$493,043
$493.0K
Cap Rate 9%
$383,478
$383.5K
Market Conditions
NOI Build-Up for 1,505 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$50.6K $33.60/SF
− Vacancy
−$1.3K −$0.84/SF
EGI
$49.3K $32.76/SF
− OpEx
−$14.8K −$9.83/SF
NOI
$34.5K $22.93/SF
Area
ZIP 90022
Vacancy
2.50%
Lease Rate
$33.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$690,260
Cap Rate 7%
$493,043
Cap Rate 9%
$383,478
Alternative Uses
Best Use
Multifamily LT 5
$493.0K
$431.4K – $575.2K
NOI $34,513 @ 7.0% cap · market cap 5.49%
Second Best
Apartment 5plus
$449.5K
$393.3K – $524.4K
NOI $31,464 @ 7.0% cap · market cap 5.00%
Theoretical Best
Office A
$613.2K
$536.5K – $715.4K
NOI $42,923 @ 7.0% cap · market cap 6.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,159
Businesses Nearby
Explore this area
Business Placement
Demographics for 90022, CA
64,517
Population
17,845
Households
3.6
Avg Household Size
34
Median Age
10%
College-Educated
56%
High-School Grad
4.4 sq mi
ZIP Area
14,663
Density / Sq Mi
$67,829
Median Household Income
$32,304
Median Earnings
$1,407
Median Rent
$603,500
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
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Frequently Asked Questions
What type of property is this?
Duplex - Fully occupied residences with dedicated garage and tandem parking on a corner lot.
Where is this duplex located?
The property is located at 301 N Mcdonnell Ave Los Angeles, CA.
What is the asking price?
The asking price for this property is $629,000.
What are key features of this property?
This property features: Two detached residences totaling 1,505 square feet of rentable living area; Unit mix includes one 2‑bedroom/1‑bathroom unit and one 1‑bedroom/1‑bathroom unit; Both units are currently occupied and will convey with tenants in place
