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Rene Ramirez

findmycastle@castrarealty.com +1(951) 384-0656

$850,000

Est. payment - /mo

2,909 Sqft Lot

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Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID PW26114278

Construction Status Turnkey

HOA Y/N No

Year Built 1906

Lot Size 2,909 Sqft

Property Sub-Type Duplex

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 seismic retrofit work, upgraded pier and post systems, new girder beam support installation, roof repairs and maintenance, plumbing upgrades including dual 40-gallon water heaters, and a substantial electrical modernization that included a new 2-meter 200-amp main panel relocation with upgraded feeders and future generator connectivity.
For investors seeking a well-positioned asset near one of Los Angeles' most consistent housing demand drivers, 2621 Juliet Street offers the increasingly rare combination of strong current income, meaningful capital improvements, and immediate rental upside in a high-demand USC-adjacent location.

Location

State CA

County Los Angeles

Area C16 - Mid Los Angeles

Interior

Interior Features All Bedrooms Up

Heating Forced Air

Cooling Wall/Window Unit(s)

Flooring Laminate

Fireplaces Type None

Fireplace No

Appliance Gas Oven

Laundry Inside, Stacked

Exterior

Parking Features Driveway

Fence Wood

Pool None

Community Features Urban

Utilities Available Electricity Available, Natural Gas Connected, Water Connected

View Y/N No

View None

Roof Type Asphalt

Accessibility None

Total Parking Spaces 3

Private Pool No

Building

Lot Description 0-1 Unit/Acre

Faces East

Story 2

Entry Level Two

Foundation Pillar/Post/Pier

Sewer Public Sewer

Water Public

Architectural Style Craftsman

Level or Stories Two

New Construction No

Construction Status Turnkey

Others

Senior Community No

Tax ID 5054030051

Acceptable Financing Conventional

Listing Terms Conventional

Special Listing Condition Standard

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Listed by Maxwell Thurman T.N.G. Real Estate Consultants 714-814-9644, DRE #02038853

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NEARBY SCHOOL & BUSINESS

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Rene Ramirez

+1(951) 384-0656

Broker | License ID: 02038829

Broker License ID: 02038829

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2621 Juliet Los Angeles, CA 90007

Rene Ramirez

Key Details

Location

Interior

Exterior

Building

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MORTGAGE CALCULATOR

NEARBY SCHOOL & BUSINESS

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2621 Juliet