$ 850,000
-
$850,000
Price -
7
Bed -
4
Bath -
2,088
SqFt
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About the Listing PB18025 - PWTHURMAX
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.
Listing Highlights
Status
Active
Days on Site
6
Property Type
Multi-Family
MLS ®
PW26114278
Year Built
1906
Total Square Footage
2,088
Lot/Acreage
0.07
County
Los Angeles
Interior Details
- Bedrooms: 7
- Bathrooms: 4 Full
- Appliances: Gas Oven
- Air Cond: Wall/Window Unit(s)
- Heating: Forced Air
- Fireplaces:
- Floor: Laminate
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other: All Bedrooms Up
- Water: Public
Exterior Details
- Lot Description: 0-1 Unit/Acre,No Land Lease
- Garage Capacity: N/A
- Parking Spaces: 3
- Roof: Asphalt
- Others: Turnkey,2+ Total Units
- Sewer: Public Sewer
- Parking Features: Driveway
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: 5054030051
- Tax Year: N/A
Payment Calculator
Monthly Payment
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Questions About..
2621 Juliet Los Angeles, CA 90007
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