Est. cap rate

2.2%

Assumed rent, all units

$6,240/mo

Units

2

Price per unit

$850,000

Est. annual NOI

$37,440

Expense assumption

50%

Estimates only, based on HUD Fair Market Rents (a conservative 40th percentile floor) and a standard 50% operating expense assumption. Not a guarantee of income or value. Ask Alex for a pro forma using comparable rent data.

Run your own numbers

Adjust the assumptions to see cash flow and cash on cash return.

Illustration only, using a 30 year loan and your assumptions above. Not a loan offer, financial advice, or a guarantee. Confirm financing and actual rents independently.

Property details

Type

Duplex

Bedrooms

5

Bathrooms

4

Building size

2,463 sqft

Lot size

5,402 sqft

Year built

1921

Stories

1

Garage spaces

1

Heating

Central

Cooling

Central Air

Pool

None

View

Neighborhood

Status

Active

Days on market

99

MLS #

240994516

About this property

TTwo Homes on One Lot in Highly Desirable Elysian Valley (Frogtown)! Featuring separate addresses and separate meters, this exceptional property offers versatility for owner-occupants, investors, or multi-generational living. The front home has been remodeled and expanded, while the rear home was newly built in June 2022. Zoned R2, this property provides outstanding flexibility and long-term value. This is a rare lifestyle + income opportunity—ideal to live in one and rent the other, or maximize rental income by leasing both units. Projected rental income is approximately $108,000 per year (rear unit currently leased at $4,800/month; front unit estimated at $4,200+/month), offering strong cash flow potential. The front unit features 3 bedrooms and 2 bathrooms, including a primary suite. The rear unit offers 2 bedrooms and 2 bathrooms, also with a primary suite, plus a single-car garage and private rooftop deck. Both homes are fully detached with no common walls, providing excellent privacy. These modern residences showcase tasteful upgrades and designer-inspired finishes throughout. Each unit offers a bright, open-concept layout with well-designed living spaces and kitchens. The front patio is perfect for outdoor entertaining, while the rear rooftop deck provides an incredible setting to relax, host guests, and enjoy city views—including Dodger Stadium fireworks and Fourth of July celebrations. Located in one of LA’s most vibrant and rapidly growing neighborhoods, enjoy close proximity to the LA River Bike Path and popular hotspots including Salazar, Frogtown Brewery, and La Colombe Coffee Roasters. A rare opportunity to own a beautifully updated, income-producing property in one of LA’s most exciting neighborhoods.

Location

2672 Newell

Los Angeles, Los Angeles, CA, 90039