Two-Unit Duplex with Separate
For Sale
$849,900
8624 S Main St, Los Angeles, CA 90003
Both residences are slated for vacancy at transfer and feature updated interiors plus in-unit washer-and-dryer hookups.
Property Size2,340 SF
Price / SF$363.21
Days on Market154
Property Features for 8624 S Main St
General Information
Standard status
Active
Size
2,340 SF
Total Parking Spaces
4
Property subtype
MULTI_FAMILY
Site & Location
Neighborhood
Broadway-Manchester
Utilities to Site
Yes
Units
Multifamily Units
2
Parking per Unit
2
Individually Metered Utilities
gas, electricity
Amenities
in-unit washer/dryer hookups
Building Details
Building Size
2,340 SF
Year Built
2004
Listing Agency:
Coldwell Banker Realty
Listed By:
Joel Daniel Rangel · License #01827663
(310) 749-7092
Source:
Highend-estates
Added: May 27
Changed: Oct 26
Last Checked: Oct 26 at 3:47PM
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 Coldwell Banker Realty
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Investment Insights
Based on property information with market context.
Built in 2004, this Los Angeles duplex contains 2,340 square feet across two residences. Both units have been remodeled with fresh paint, laminate flooring, and quartz countertops, and each has dedicated washer-and-dryer hookups. The units are expected to be delivered vacant.
Four parking spaces are provided, arranged as two tandem spaces for each residence. Separate gas and electric meters serve the units, which have limited shared areas and clear separation between residences. The property is offered in as-is condition.
Four parking spaces are provided, arranged as two tandem spaces for each residence. Separate gas and electric meters serve the units, which have limited shared areas and clear separation between residences. The property is offered in as-is condition.
Key Highlights
- Two‑unit duplex built in 2004 with 2,340 square feet
- Both residences expected to be delivered vacant
- Remodeled interiors include fresh paint, laminate flooring, and quartz countertops
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$52,973
Cap Rate
6.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,059,460
$1.1M
Cap Rate 7%
$756,757
$756.8K
Cap Rate 9%
$588,589
$588.6K
Market Conditions
NOI Build-Up for 2,340 SF
Gross rent
$77.2K $33.00/SF
− Vacancy
−$1.5K −$0.66/SF
EGI
$75.7K $32.34/SF
− OpEx
−$22.7K −$9.70/SF
NOI
$53.0K $22.64/SF
Area
ZIP 90003
Vacancy
2.00%
Lease Rate
$33.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,059,460
Cap Rate 7%
$756,757
Cap Rate 9%
$588,589
Alternative Uses
Best Use
Apartment 5plus
$41.37M
$36.20M – $48.26M
NOI $2,895,876 @ 7.0% cap · market cap 340.73%
Second Best
Multifamily LT 5
$756.8K
$662.2K – $882.9K
NOI $52,973 @ 7.0% cap · market cap 6.23%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,447
Businesses Nearby
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Business Placement
Demographics for 90003, CA
72,764
Population
18,349
Households
4
Avg Household Size
30
Median Age
7%
College-Educated
53%
High-School Grad
3.6 sq mi
ZIP Area
20,212
Density / Sq Mi
$54,781
Median Household Income
$30,132
Median Earnings
$1,515
Median Rent
$547,600
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences are slated for vacancy at transfer and feature updated interiors plus in-unit washer-and-dryer hookups.
Where is this duplex located?
The property is located at 8624 S Main St Los Angeles, CA.
What is the asking price?
The asking price for this property is $849,900.
What are key features of this property?
This property features: Two‑unit duplex built in 2004 with 2,340 square feet; Both residences expected to be delivered vacant; Remodeled interiors include fresh paint, laminate flooring, and quartz countertops
