Two-Unit Duplex with Off-Street
583 W Avenue 26, Los Angeles, CA 90065
For Sale
$525,000
Each residence includes two bedrooms, one bath, separate utility metering, and access to a private driveway.
Property Size1,800 SF
Days on Market61
Property Features for 583 W Avenue 26
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Utilities to Site
Units
Unit Mix
Multifamily Units
Building Details
Building Size
Year Built
Buildings
Listing Agency:
eXp Realty of California, Inc.
Listed By:
Daniel Portillo · License CA #01181613
Source:
Milsteinestates
Added: Sep 15
Changed: Nov 11
Last Checked: Nov 14 at 11:45AM
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 eXp Realty of California, Inc.
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Investment Insights
Based on property information with market context.
Built in 1924, this two-level duplex contains one residence on each floor. Both units offer two bedrooms and one bath, along with a kitchen, breakfast area, and living room. A driveway provides off-street parking, while gas and electric service are separately metered for each residence.
The property is located near DTLA, the Los Angeles River, Dodger Stadium, and Northeast LA. Both units have existing tenancy in place, and the property is being offered in its current as-is condition.
The property is located near DTLA, the Los Angeles River, Dodger Stadium, and Northeast LA. Both units have existing tenancy in place, and the property is being offered in its current as-is condition.
Key Highlights
- Two‑unit duplex with one residence on each floor
- Each unit has 2 bedrooms and 1 bath
- Separate gas and electric meters for both units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,434
Cap Rate
5.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$628,680
$628.7K
Cap Rate 7%
$449,057
$449.1K
Cap Rate 9%
$349,267
$349.3K
Market Conditions
NOI Build-Up for 1,800 SF
Gross rent
$48.6K $27.00/SF
− Vacancy
−$3.7K −$2.05/SF
EGI
$44.9K $24.95/SF
− OpEx
−$13.5K −$7.48/SF
NOI
$31.4K $17.46/SF
Area
Los Angeles County, CA
Vacancy
7.60%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$628,680
Cap Rate 7%
$449,057
Cap Rate 9%
$349,267
Alternative Uses
Best Use
Multifamily LT 5
$449.1K
$392.9K – $523.9K
NOI $31,434 @ 7.0% cap · market cap 5.99%
Second Best
Apartment 5plus
$413.8K
$362.0K – $482.7K
NOI $28,963 @ 7.0% cap · market cap 5.52%
Theoretical Best
Office A
$751.5K
$657.6K – $876.8K
NOI $52,607 @ 7.0% cap · market cap 10.02%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
791
Businesses Nearby
Explore this area
Business Placement
Demographics for 90065, CA
44,328
Population
17,197
Households
2.6
Avg Household Size
39
Median Age
40%
College-Educated
81%
High-School Grad
5.5 sq mi
ZIP Area
8,060
Density / Sq Mi
$92,903
Median Household Income
$45,850
Median Earnings
$1,774
Median Rent
$1,043,900
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Los Angeles, CA
Properties on Market for Duplexes in Los Angeles
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence includes two bedrooms, one bath, separate utility metering, and access to a private driveway.
Where is this duplex located?
The property is located at 583 W Avenue 26 Los Angeles, CA.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Two‑unit duplex with one residence on each floor; Each unit has 2 bedrooms and 1 bath; Separate gas and electric meters for both units
