East Los Angeles Duplex
For Sale
$495,000
Pending
986 Gifford Ave, East Los Angeles, CA 90063
Two-unit property in East Los Angeles with investment upside.
Property Size1,218 SF
Lot Size0.12 Acres
Days on Market315
Property Features for 986 Gifford Ave
General Information
Standard status
Pending
Size
1,218 SF
Lot size
0.12 Acres
Property subtype
Other
Building Details
Building Size
1,218 SF
Year Built
1948
Stories
1
Units
2
Listing Agency:
Keller Williams - Eagle Rock
Listed By:
Jagmeet Singh · License #01886951
(626) 272-5941
Source:
Elliman
Added: Nov 28, 2025
Changed: Sep 30
Last Checked: Oct 7 at 1:05PM
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 Keller Williams - Eagle Rock
Investment Insights
Based on property information with market context.
Located in the City Terrace neighborhood of East Los Angeles, 986-988 Gifford Ave is a two-unit property constructed in 1948. The building has a total area of 1,218 square feet and is situated on a 5,097 square foot lot. The property consists of one 3-bedroom, 1-bathroom unit and one 2-bedroom, 1-bathroom unit. The front unit includes a private garage. The location provides convenient access to City Terrace Park and nearby schools. This property presents an investment opportunity with potential for increased value.
Key Highlights
- Two‑unit property ideal for investment.
- Located in the City Terrace neighborhood of East Los Angeles.
- Features a 3‑bedroom, 1‑bathroom unit and a 2‑bedroom, 1‑bathroom unit.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,429
Cap Rate
4.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$408,580
$408.6K
Cap Rate 7%
$291,843
$291.8K
Cap Rate 9%
$226,989
$227.0K
Market Conditions
NOI Build-Up for 1,218 SF
Gross rent
$29.4K $24.12/SF
− Vacancy
−$194 −$0.16/SF
EGI
$29.2K $23.96/SF
− OpEx
−$8.8K −$7.19/SF
NOI
$20.4K $16.77/SF
Area
East Los Angeles, CA
Vacancy
0.66%
Lease Rate
$24.12 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$408,580
Cap Rate 7%
$291,843
Cap Rate 9%
$226,989
Alternative Uses
Best Use
Multifamily LT 5
$291.8K
$255.4K – $340.5K
NOI $20,429 @ 7.0% cap · market cap 4.13%
Second Best
Apartment 5plus
$254.3K
$222.5K – $296.7K
NOI $17,801 @ 7.0% cap · market cap 3.60%
Theoretical Best
Office A
$477.3K
$417.6K – $556.8K
NOI $33,408 @ 7.0% cap · market cap 6.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
805
Businesses Nearby
Explore this area
Business Placement
Demographics for 90063, CA
50,227
Population
14,046
Households
3.6
Avg Household Size
34
Median Age
13%
College-Educated
56%
High-School Grad
3.3 sq mi
ZIP Area
15,220
Density / Sq Mi
$71,725
Median Household Income
$33,832
Median Earnings
$1,489
Median Rent
$619,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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-unit property in East Los Angeles with investment upside.
Where is this duplex located?
The property is located at 986 Gifford Ave East Los Angeles, CA.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: Two‑unit property ideal for investment.; Located in the City Terrace neighborhood of East Los Angeles.; Features a 3‑bedroom, 1‑bathroom unit and a 2‑bedroom, 1‑bathroom unit.
