
Los Angeles, California 90007
This stabilized duplex represents a Strong Value Opportunity, listed at $850,000—positioned well below the $942,011 Fair Market Value by 9%. This valuation gap provides $92,011 in Instant Equity. With a Condition Rating of 3, the property features significant infrastructure upgrades, including seismic retrofitting and a 200-amp electrical panel. Located in the high-demand USC patrol zone, this asset offers immediate rental upside via the vacant upper unit. It is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a turnkey, income-generating residence.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2621 Juliet Subject | $850,000* List Price | 0 | 0 | 2,088 | $451 | - |
A 1340 1342 W 25th Pending | $975,000 List Price | 0 | 0 | 1,954 | $499 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While built in 1906, the property has undergone significant recent system upgrades including a new 200-amp electrical panel, seismic retrofitting, and plumbing updates. The interior features turnkey finishes with new flooring and paint, making it move-in ready and well-maintained for its age.
Situated within the USC Department of Public Safety patrol zone, the property is perfectly positioned to capture consistent, high-intensity rental demand from the university population.
Significant capital has been invested into major systems, including seismic retrofitting, electrical modernization with a 200-amp panel, and plumbing upgrades, reducing immediate CapEx requirements.
The upper 4-bedroom unit will be delivered vacant, allowing an investor to immediately secure market-rate rents or an owner-user to occupy a turnkey residence in a high-demand area.
The modest 2,909 square foot lot offers limited outdoor living space and restricts the potential for future structural expansions or the addition of an ADU.
The lower unit is encumbered by a long-term lease at $2,600 per month, which limits the ability to fully optimize the property's total cash flow to market rates in the near term.
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.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 2,088 | 2,946 | 33% |
| Lot Size | 2,909 | 4,998 | 33% |
| Price | $850.0K | $899.0K | 33% |
| Price per sq ft | $407 | $334 | 67% |
| Built year | 1906 | 1906 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 9 | 278 | 33% |
May 28, 2026
$850,000
Initial Listing
Apr 18, 2023
$840,000
Public Record
Oct 11, 2007
$655,000
Public Record
Apr 27, 2005
$660,000
Public Record