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Listed by Maxwell Thurman, DRE #02038853 • T.N.G. Real Estate Consultants
$850,000
Est. payment /mo
2,909 Sqft Lot
Active
2621 Juliet Los Angeles, CA 90007
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Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRPW26114278
Style Craftsman
Year Built 1906
Lot Size 2,909 Sqft
Property Sub-Type Duplex
Source California Regional MLS
Property Description
Positioned in the heart of the USC rental market and located within the USC Department of Public Safety (DPS) patrol zone, 2621 Juliet Street presents a rare opportunity to acquire a stabilized duplex with immediate upside and strong in-place fundamentals. The property currently operates at an estimated 6% cap rate with a projected gross scheduled income multiplier of 11.8 years, offering investors a compelling blend of cash flow, location, and future rental growth potential. The upper unit is a turnkey 4-bedroom, 2-bath residence that will be delivered vacant at the close of escrow, creating the opportunity for an owner-user, student housing operator, or investor to immediately achieve fair market rents. The unit has been thoughtfully maintained and features two separate access points, in-unit washer and dryer, individual window A/C units in each bedroom, installed blinds throughout, and dedicated driveway parking for up to three vehicles. The lower unit consists of a 3-bedroom, 2-bath floor plan occupied by long-term tenants currently paying $2,600 per month on a 2-year lease, providing stable income from day one. Beyond the income profile, ownership has invested significantly into the property's infrastructure and major systems. Recent improvements include foundation and seism
Location
State CA
County Los Angeles
Area C16 - Mid Los Angeles
Rooms
Kitchen Oven - Gas
Interior
Heating Forced Air
Cooling Window / Wall Unit
Flooring Laminate
Laundry Other, Washer/Dryer - Owned, Stacked Only
Exterior
Parking Features Other
Garage Spaces 3.0
Pool 31, None
View None
Roof Type 2
Building
Foundation Pillars / Posts / Piers
Water District - Public
Architectural Style Craftsman
Others
Tax ID 5054030051
Special Listing Condition Not Applicable
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