Renovated Duplex in East Los
For Sale
Contact for pricing
339 N Mcdonnell, Los Angeles, CA 90022
Fully renovated duplex with income potential in prime location.
Property Size1,528 SF
Price / SF$611.91
Days on Market201
Property Features for 339 N Mcdonnell
General Information
Standard status
Active
Size
1,528 SF
Property subtype
Multifamily
Zoning
LCR2*
Building Details
Year Built
1924
Listing Agency:
Lyon Stahl Investment Real Estate
Listed By:
Ryan Gonzalez · License #01874815
Source:
Crexi
Added: Feb 4
Changed: Aug 8
Last Checked: Aug 8 at 6:39AM
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 Lyon Stahl Investment Real Estate
Investment Insights
Based on property information with market context.
The property at 339 N McDonnell Ave is a fully renovated duplex located in East Los Angeles. The location provides convenient access to Downtown, major employment centers, and the 5, 10, and 710 freeways. The property is situated in a rental market with proximity to retail, dining, schools, and public transportation. Capital improvements include new copper plumbing throughout both units, new windows, fresh stucco with exterior paint, refreshed landscaping, annual roof upkeep, and full pest tenting prior to renovation completion. The front unit is a 3-bedroom, 2-bath residence delivered vacant and ready to achieve an estimated market rent of $3,500. It features a complete interior renovation with new copper plumbing and gas lines, new subfloor, newer water heater, recessed lighting, updated electrical panel, custom white and green cabinetry, quartz countertops and backsplash, stainless steel appliances, mini-split HVAC, in-unit washer and dryer hookups, and modern black-accent finishes throughout. The rear unit is a 2-bedroom, 1.5-bath currently rented at $2,255, offering similar upgrades including new copper plumbing, updated systems, quartz kitchen finishes, stainless steel appliances, mini-split HVAC, and in-unit laundry hookups. The property size is 1528 square feet. This duplex presents an opportunity for investors or owner-users seeking income potential and modern construction quality.
Key Highlights
- Fully renovated duplex in prime East Los Angeles location, minutes from Downtown and major freeways.
- Front 3‑bedroom, 2‑bath unit is vacant and move‑in ready, estimated market rent of $3,500.
- Extensive capital improvements including new copper plumbing, new windows, and refreshed landscaping.
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
$35,040
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
3.75%
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%
$700,800
$700.8K
Cap Rate 7%
$500,571
$500.6K
Cap Rate 9%
$389,333
$389.3K
Market Conditions
NOI Build-Up for 1,528 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
$51.3K $33.60/SF
− Vacancy
−$1.3K −$0.84/SF
EGI
$50.1K $32.76/SF
− OpEx
−$15.0K −$9.83/SF
NOI
$35.0K $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%
$700,800
Cap Rate 7%
$500,571
Cap Rate 9%
$389,333
Alternative Uses
Best Use
Multifamily LT 5
$500.6K
$438.0K – $584.0K
NOI $35,040 @ 7.0% cap · market cap 3.75%
Second Best
Apartment 5plus
$456.4K
$399.3K – $532.4K
NOI $31,945 @ 7.0% cap · market cap 3.42%
Theoretical Best
Office A
$622.6K
$544.7K – $726.3K
NOI $43,579 @ 7.0% cap · market cap 4.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Fully renovated duplex with income potential in prime location.
Where is this duplex located?
The property is located at 339 N Mcdonnell Los Angeles, CA.
What is the asking price?
The asking price for this property is $935,000.
What are key features of this property?
This property features: Fully renovated duplex in prime East Los Angeles location, minutes from Downtown and major freeways.; Front 3‑bedroom, 2‑bath unit is vacant and move‑in ready, estimated market rent of $3,500.; Extensive capital improvements including new copper plumbing, new windows, and refreshed landscaping.
