Well-Maintained Duplex
For Sale
$1,099,000
731 Belden Avenue, Los Angeles, CA 90022
Two-building duplex offers flexible, separate unit layouts and ample on-site parking within a fenced property.
Property Size2,452 SF
Lot Size0.15 Acres
Price / SF$448.21
Days on Market344
Property Features for 731 Belden Avenue
General Information
Standard status
Active
Size
2,452 SF
Lot size
0.15 Acres
Property subtype
Multi Family
Additional Details
Fenced Yard
Yes
Multifamily Units
2
Building Details
Year Built
1924
Tenancy
Multi
Listing Agency:
Century 21 Plaza
(818) 371-4206
Listed By:
Arturo Fuentes · License #01504159
(818) 371-4206
Source:
Exitrealty
Added: Aug 31, 2025
Changed: Aug 8
Last Checked: Aug 9 at 7:00AM
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 Century 21 Plaza
Investment Insights
Based on property information with market context.
This well-maintained duplex property includes two separate buildings on a fenced lot, providing a total of 6 bedrooms and 4 bathrooms. The main house features 4 bedrooms and 3 bathrooms, while the front house includes 2 bedrooms and 1 bathroom. The property is presented as a residential income asset within a maintained community setting.
The buildings are located in a nice community near shopping centers, supporting everyday convenience for occupants. Ample parking is available inside the fenced property, which can be a practical advantage for tenant day-to-day access.
For buyers considering a residential income strategy, the duplex structure offers two distinct bedroom-and-bathroom configurations that can support varied tenant needs. The separate-building layout may also appeal to owner-occupants who want flexibility while still maintaining an additional unit within the same property.
The buildings are located in a nice community near shopping centers, supporting everyday convenience for occupants. Ample parking is available inside the fenced property, which can be a practical advantage for tenant day-to-day access.
For buyers considering a residential income strategy, the duplex structure offers two distinct bedroom-and-bathroom configurations that can support varied tenant needs. The separate-building layout may also appeal to owner-occupants who want flexibility while still maintaining an additional unit within the same property.
Key Highlights
- Duplex with 2,452 SF total living area on a 6,631 SF lot
- Two separate buildings: main house has 4 bedrooms and 3 bathrooms; front house has 2 bedrooms and 1 bathroom
- Total of 6 bedrooms and 4 bathrooms across the duplex
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
$56,229
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
5.12%
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%
$1,124,580
$1.1M
Cap Rate 7%
$803,271
$803.3K
Cap Rate 9%
$624,767
$624.8K
Market Conditions
NOI Build-Up for 2,452 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
$82.4K $33.60/SF
− Vacancy
−$2.1K −$0.84/SF
EGI
$80.3K $32.76/SF
− OpEx
−$24.1K −$9.83/SF
NOI
$56.2K $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%
$1,124,580
Cap Rate 7%
$803,271
Cap Rate 9%
$624,767
Alternative Uses
Best Use
Multifamily LT 5
$803.3K
$702.9K – $937.2K
NOI $56,229 @ 7.0% cap · market cap 5.12%
Second Best
Apartment 5plus
$732.3K
$640.8K – $854.4K
NOI $51,263 @ 7.0% cap · market cap 4.66%
Theoretical Best
Office A
$999.0K
$874.2K – $1.17M
NOI $69,932 @ 7.0% cap · market cap 6.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
2,170
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 - Two-building duplex offers flexible, separate unit layouts and ample on-site parking within a fenced property.
Where is this duplex located?
The property is located at 731 Belden Avenue Los Angeles, CA.
What is the asking price?
The asking price for this property is $1,099,000.
What are key features of this property?
This property features: Duplex with 2,452 SF total living area on a 6,631 SF lot; Two separate buildings: main house has 4 bedrooms and 3 bathrooms; front house has 2 bedrooms and 1 bathroom; Total of 6 bedrooms and 4 bathrooms across the duplex
