Two-Residence
7007 Claire Ave, Los Angeles, CA 91335
For Sale
$1,199,000
Two vacant homes share a lot, with separate utility meters, private yards, and dedicated parking.
Property Size2,294 SF
Price / SF$545
Days on Market13
Property Features for 7007 Claire Ave
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Highway Access
Utilities to Site
Units
Unit Mix
Multifamily Units
Individually Metered Utilities
Building Details
Building Size
Year Built
Buildings
Listing Agency:
Real Broker
Listed By:
Kendra Fuchs · License CA #02005080
(323) 620-3439
Source:
Themalibulife
Added: Nov 2
Changed: Nov 13
Last Checked: Nov 12 at 4:43PM
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 Real Broker
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Investment Insights
Based on property information with market context.
The property brings together two detached residences totaling approximately 2,200 square feet, with six bedrooms and 3.5 bathrooms. The front home has approximately 1,000 square feet, three bedrooms, one bathroom, a remodeled kitchen, laminate flooring, indoor laundry hookups, and central A/C installed in 2022. The rear residence is a permitted ADU built in 2019, with approximately 1,200 square feet, three bedrooms, and 2.5 bathrooms.
Both homes are vacant and have dedicated parking and private outdoor space. Separate gas and electric meters serve the residences. The property is near the 101 Freeway, shopping, dining, and everyday amenities in the San Fernando Valley.
Both homes are vacant and have dedicated parking and private outdoor space. Separate gas and electric meters serve the residences. The property is near the 101 Freeway, shopping, dining, and everyday amenities in the San Fernando Valley.
Key Highlights
- Two residences on one lot, totaling approximately 2,200 square feet
- Six bedrooms and 3.5 bathrooms across both homes
- Rear permitted ADU built in 2019 with approximately 1,200 square feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,420
Cap Rate
3.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$768,400
$768.4K
Cap Rate 7%
$548,857
$548.9K
Cap Rate 9%
$426,889
$426.9K
Market Conditions
NOI Build-Up for 2,200 SF
Gross rent
$59.4K $27.00/SF
− Vacancy
−$4.5K −$2.05/SF
EGI
$54.9K $24.95/SF
− OpEx
−$16.5K −$7.48/SF
NOI
$38.4K $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%
$768,400
Cap Rate 7%
$548,857
Cap Rate 9%
$426,889
Alternative Uses
Best Use
Multifamily LT 5
$548.9K
$480.3K – $640.3K
NOI $38,420 @ 7.0% cap · market cap 3.20%
Second Best
Apartment 5plus
$505.7K
$442.5K – $590.0K
NOI $35,400 @ 7.0% cap · market cap 2.95%
Theoretical Best
Office A
$918.5K
$803.7K – $1.07M
NOI $64,297 @ 7.0% cap · market cap 5.36%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
869
Businesses Nearby
Explore this area
Business Placement
Demographics for 91335, CA
76,650
Population
25,615
Households
3
Avg Household Size
39
Median Age
30%
College-Educated
78%
High-School Grad
6.6 sq mi
ZIP Area
11,614
Density / Sq Mi
$77,164
Median Household Income
$37,470
Median Earnings
$1,811
Median Rent
$700,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/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 - Two vacant homes share a lot, with separate utility meters, private yards, and dedicated parking.
Where is this duplex located?
The property is located at 7007 Claire Ave Los Angeles, CA.
What is the asking price?
The asking price for this property is $1,199,000.
What are key features of this property?
This property features: Two residences on one lot, totaling approximately 2,200 square feet; Six bedrooms and 3.5 bathrooms across both homes; Rear permitted ADU built in 2019 with approximately 1,200 square feet
