Duplex With Two 2BD/1BA
For Sale
$729,999
Pending
708 S Eastern Avenue, Los Angeles, CA 90022
Duplex offers two 2BD/1BA units with separate electric meters and on-site parking, with one unit ready to move in.
Property Size1,448 SF
Lot Size0.13 Acres
Days on Market162
Property Features for 708 S Eastern Avenue
General Information
Standard status
Pending
Size
1,448 SF
Lot size
0.13 Acres
Property subtype
Multi Family
Occupancy
50%
Additional Details
Business Included
Yes
Multifamily Units
2
Building Details
Year Built
1902
Tenancy
Multi
Listing Agency:
BERKSHIRE HATH HM SVCS CA PROP
(626) 488-8907
Listed By:
Laura Chavez · License #02063040
(626) 488-8907
Source:
Exitrealty
Added: Feb 28
Changed: Aug 8
Last Checked: Aug 9 at 5:59AM
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 BERKSHIRE HATH HM SVCS CA PROP
Investment Insights
Based on property information with market context.
This duplex includes two separate 2-bedroom, 1-bath units, each with approximately 724 square feet. The property provides on-site parking and separate electric meters for the two units. The front unit is tenant-occupied and has been improved with updated bathrooms, granite countertops, laminate flooring, and in-unit laundry hookups. The back unit is vacant and ready for move-in, with laminate flooring, fresh interior paint, and in-unit laundry hookups.
Located in East Los Angeles (90022), the property sits on a 5,753 square foot lot. The setup supports independent utility metering and practical day-to-day living for two households, along with parking on site.
For buyers seeking a residential income property, this duplex structure offers two units in a straightforward configuration with separate electric service. With the back unit currently vacant and move-in ready, an owner can address occupancy needs without waiting for an interior turnover, while the front unit continues to provide income from an existing tenant.
Located in East Los Angeles (90022), the property sits on a 5,753 square foot lot. The setup supports independent utility metering and practical day-to-day living for two households, along with parking on site.
For buyers seeking a residential income property, this duplex structure offers two units in a straightforward configuration with separate electric service. With the back unit currently vacant and move-in ready, an owner can address occupancy needs without waiting for an interior turnover, while the front unit continues to provide income from an existing tenant.
Key Highlights
- Duplex built in 1902 with two 2BD/1BA units on a 5,753 sq ft lot in East Los Angeles (90022).
- Each unit has its own separate electric meter.
- On‑site parking available for residents.
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
$33,206
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
4.55%
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%
$664,120
$664.1K
Cap Rate 7%
$474,371
$474.4K
Cap Rate 9%
$368,956
$369.0K
Market Conditions
NOI Build-Up for 1,448 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
$48.7K $33.60/SF
− Vacancy
−$1.2K −$0.84/SF
EGI
$47.4K $32.76/SF
− OpEx
−$14.2K −$9.83/SF
NOI
$33.2K $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%
$664,120
Cap Rate 7%
$474,371
Cap Rate 9%
$368,956
Alternative Uses
Best Use
Multifamily LT 5
$474.4K
$415.1K – $553.4K
NOI $33,206 @ 7.0% cap · market cap 4.55%
Second Best
Apartment 5plus
$432.5K
$378.4K – $504.6K
NOI $30,273 @ 7.0% cap · market cap 4.15%
Theoretical Best
Office A
$590.0K
$516.2K – $688.3K
NOI $41,298 @ 7.0% cap · market cap 5.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
50%
Occupancy
Multi-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
1,411
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 - Duplex offers two 2BD/1BA units with separate electric meters and on-site parking, with one unit ready to move in.
Where is this duplex located?
The property is located at 708 S Eastern Avenue Los Angeles, CA.
What is the asking price?
The asking price for this property is $729,999.
What are key features of this property?
This property features: Duplex built in 1902 with two 2BD/1BA units on a 5,753 sq ft lot in East Los Angeles (90022).; Each unit has its own separate electric meter.; On‑site parking available for residents.
