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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



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.
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 | Property Subtype | Apartment |
| Price Per Unit | $939,000 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.15 AC |
| Cap Rate | 3.08% | Building Size | 5,004 SF |
| Gross Rent Multiplier | 19.24 | No. Stories | 2 |
| No. Units | 2 | Year Built | 1935 |
| Property Type | Multifamily | Parking Ratio | 0.8/1,000 SF |
| Zoning | R2 - Two-Family Dwellings R1 Uses, Home Occupations | ||
| 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 | - | - |
1 1
Walk Score®
Walker's Paradise (92)
Bike Score®
Very Bikeable (71)
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147 N Detroit St
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