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147 N Detroit St 2 Unit Apartment Building $1,878,000 ($939,000/Unit) 3.08% Cap Rate Los Angeles, CA 90036

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INVESTMENT HIGHLIGHTS

  • Spacious, Versatile Unit Mix — Featuring two three-bedroom, two-bathroom units, one of which includes a den.
  • Secure Parking — Each unit benefits from its own private two-car garage, a highly sought-after feature in this competitive rental market.
  • Enhanced Tenant Amenities — Includes fireplaces, fully equipped kitchens, in-unit laundry facilities for added convenience.
  • Prime Location Between Hancock Park and Fairfax — Located minutes from major medical, Schools, and retail corridors.

EXECUTIVE SUMMARY

We are pleased to present the exclusive offering of 147–149 North Detroit Street, a charming 1935 duplex located between Hancock Park and Fairfax. The property spans
approximately 5,004 square feet and sits on a 6,600 square foot lot.
This well-appointed duplex offers an ideal unit mix of two three-bedroom, two-bathroom residences—one enhanced with a versatile den. Each unit boasts a spacious,
thoughtfully designed layout, making them equally attractive for long-term tenants or an owner-occupant.
Interior features include fireplaces, full kitchens, and in-unit laundry, delivering modern convenience for residents. Hardwood flooring brings both charm and
resilience, combining style with easy maintenance. Each unit also benefits from private, two-car garage parking—an increasingly valuable amenity in the area.
Positioned on a quiet, tree-lined street, 147–149 N Detroit is centrally located with convenient access to nearby destinations such as The Grove, the Fairfax District, and
the Melrose Avenue retail corridor. The property is also situated near top-rated public schools, including Third Street Elementary and John Burroughs Middle School, as
well as major medical centers such as Cedars-Sinai Medical Center, Olympia Medical Center, and Kaiser Permanente Los Angeles.
The property presents a compelling opportunity for investors seeking income stability in a supply-constrained rental market, or for buyers pursuing long-term
appreciation in one of Los Angeles’ most desirable neighborhoods.

PROPERTY FACTS

Price $1,878,000
Price Per Unit $939,000
Sale Type Investment
Cap Rate 3.08%
Gross Rent Multiplier 19.24
No. Units 2
Property Type Multifamily
Property Subtype Apartment
Building Class B
Lot Size 0.15 AC
Building Size 5,004 SF
No. Stories 2
Year Built 1935
Parking Ratio 0.8/1,000 SF
Zoning R2 - Two-Family Dwellings R1 Uses, Home Occupations

AMENITIES

UNIT AMENITIES

  • Air Conditioning
  • Dishwasher
  • Fireplace
  • Microwave
  • Washer/Dryer
  • Tile Floors
  • Hardwood Floors
  • Oven
  • Range
  • Tub/Shower

SITE AMENITIES

  • 24 Hour Access
  • Smoke Detector

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
3+2 2 - -
Walk Score®
Walker's Paradise (92)
Bike Score®
Very Bikeable (71)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
  • Listing ID: 37262151

  • Date on Market: 8/13/2025

  • Last Updated:

  • Address: 147 N Detroit St, Los Angeles, CA 90036

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