Duplex Property with Permitted
For Sale
$857,000
649 S Vancouver AVE, Los Angeles, CA 90022
Includes a permitted junior ADU and a second permitted ADU prepared for future construction.
Property Size1,646 SF
Days on Market51
Property Features for 649 S Vancouver AVE
General Information
Standard status
Active
Size
1,646 SF
Property subtype
MULTI_FAMILY
Units
Unit Mix
1 x 2BR/1BA, 1 x 1BR/1BA
Multifamily Units
2
Additional Details
Highway Access
Yes
Amenities
fenced and gated
Building Details
Building Size
1,646 SF
Year Built
1927
Listing Agency:
Realty Network
Listed By:
Valerie Vihlen Schluter · License #00753164
Source:
Milsteinestates
Added: Aug 31
Changed: Oct 20
Last Checked: Oct 19 at 3:21PM
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 Realty Network
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Investment Insights
Based on property information with market context.
This duplex property includes a 2-bedroom, 1-bath main house and a permitted junior ADU with 1 bedroom and 1 bath. A separate 400-square-foot ADU is also fully permitted and ready to be built, expanding the property’s residential configuration. The improvements date to 1927 and the site is enclosed by fencing and gates.
Located at 649 S Vancouver AVE in Los Angeles, the property is in East LA near Garfield High School. Schools, shops, restaurants, and freeway access are identified in the surrounding area, providing access to everyday services and transportation routes.
Located at 649 S Vancouver AVE in Los Angeles, the property is in East LA near Garfield High School. Schools, shops, restaurants, and freeway access are identified in the surrounding area, providing access to everyday services and transportation routes.
Key Highlights
- 2‑bedroom, 1‑bath main house
- Permitted junior ADU with 1 bedroom and 1 bath
- Fully permitted 400‑square‑foot ADU ready to be built
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,746
Cap Rate
4.40%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$754,920
$754.9K
Cap Rate 7%
$539,229
$539.2K
Cap Rate 9%
$419,400
$419.4K
Market Conditions
NOI Build-Up for 1,646 SF
Gross rent
$55.3K $33.60/SF
− Vacancy
−$1.4K −$0.84/SF
EGI
$53.9K $32.76/SF
− OpEx
−$16.2K −$9.83/SF
NOI
$37.7K $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 Rate 5%
$754,920
Cap Rate 7%
$539,229
Cap Rate 9%
$419,400
Alternative Uses
Best Use
Multifamily LT 5
$539.2K
$471.8K – $629.1K
NOI $37,746 @ 7.0% cap · market cap 4.40%
Second Best
Apartment 5plus
$491.6K
$430.2K – $573.5K
NOI $34,412 @ 7.0% cap · market cap 4.02%
Theoretical Best
Office A
$670.6K
$586.8K – $782.4K
NOI $46,945 @ 7.0% cap · market cap 5.48%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,265
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
Frequently Asked Questions
What type of property is this?
Duplex - Includes a permitted junior ADU and a second permitted ADU prepared for future construction.
Where is this duplex located?
The property is located at 649 S Vancouver AVE Los Angeles, CA.
What is the asking price?
The asking price for this property is $857,000.
What are key features of this property?
This property features: 2‑bedroom, 1‑bath main house; Permitted junior ADU with 1 bedroom and 1 bath; Fully permitted 400‑square‑foot ADU ready to be built
