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Income Producing Duplex
For Sale
$1,135,000

342-344 East 118th Street, Los Angeles, CA 90061

Duplex includes two 5-bedroom, 3-bath units with forced-air heating and garages for both front and back units.

Property Size3,760 SF
Price / SF$301.86
Days on Market68

Property Features for 342-344 East 118th Street

General Information

Standard status Active
Size 3,760 SF
Total Parking Spaces 3
Property subtype Residential Income
Zoning Assessor
Net Operating Income $73,615

Additional Details

Business Included Yes
Multifamily Units 2

Building Details

Year Built 2018
Buildings 1
Units 2
Tenancy Multi
Listing Agency: Compass
Listed By: Kevin Via · License #02042474
Source: Compass
Added: Jun 28 Changed: Sep 3 Last Checked: Sep 3 at 8:52AM

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 Compass

Investment Insights

Based on property information with market context.

This income-producing duplex offers two 5-bedroom, 3-bath units, each with an open floor plan and a large living area. Interior finishes include granite countertops, tile flooring, carpet, solid wood cabinets, and forced-air heating. The front unit features a single-car garage, while the back unit has a 2-car garage. For exterior maintenance, the property includes artificial lawn landscaping.

The property is positioned for convenient access to the newly renovated Downtown Los Angeles area. Showings are not available until 6/28/2026; it is currently listed as coming soon.

Overall, the configuration supports straightforward tenant use with two separate units, each laid out around a main living space with shared finish themes and forced-air comfort.

Key Highlights

  • Income‑producing duplex with two 5‑bedroom, 3‑bath units
  • Open floor plans with large living areas in each unit
  • Granite countertops, tile flooring, carpet, solid wood cabinets, and forced‑air heating

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Law Firm Real Estate Agency Dental Office Spa & Massage Center Skin Care Clinic Hair Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units
Multi-tenant
Tenancy
Turnkey business
Opportunity

Location Intelligence

Trade Area within ½ mile

548
Businesses Nearby

Demographics for 90061, CA

29,570
Population
8,300
Households
3.6
Avg Household Size
32
Median Age
12%
College-Educated
61%
High-School Grad
2.7 sq mi
ZIP Area
10,952
Density / Sq Mi
$60,114
Median Household Income
$34,963
Median Earnings
$1,498
Median Rent
$576,400
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
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Frequently Asked Questions

What type of property is this?
Duplex - Duplex includes two 5-bedroom, 3-bath units with forced-air heating and garages for both front and back units.
Where is this duplex located?
The property is located at 342-344 East 118th Street Los Angeles, CA.
What is the asking price?
The asking price for this property is $1,135,000.
What are key features of this property?
This property features: Income‑producing duplex with two 5‑bedroom, 3‑bath units; Open floor plans with large living areas in each unit; Granite countertops, tile flooring, carpet, solid wood cabinets, and forced‑air heating
More about this property
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