Los Feliz Duplex | 1031 & Accelerated Depreciation Ready
A rare, tax-efficient investment opportunity before year-end - great for investment or as primary residence as cost of ownership is less than cost of renting.
No hype here, just the facts. The photos tell the story. For a closer look, ask for a virtual or guided video tour with the owner.
This property is a cash-flowing, tax-smart property for buyers who understand how to use real estate strategically, especially with 100% bonus depreciation back on the table under the recently passed tax Bill.
Why this property makes sense:
* Cost of ownership is less than cost of renting - projected net monthly cost with a 20% down payment is $6,967/month (ask broker for calcs - see disclaimer below).
* Accelerated depreciation is back. Capture bonus depreciation before year-end and maximize deductible paper losses.
* $400,000+ in estimated first-year deductions per cost segregation study (draft study available) potentially offsetting other passive income.
* Built-in flexibility: you can owner-occupy one unit or rent both and hold for income - both with distinct tax advantages.
* Rebuilt from the ground up in 2002, preserving and combining 1920s Los Feliz charm with modern systems that minimize CapEx exposure.
* Durable yields: current pricing supports approximately a 5% cap rate as a rental, with Los Feliz rents among the strongest in the city.
* For an owner-user, monthly ownership costs are comparable to renting - plus you keep the appreciation, the tax benefits, and the control.
With markets already pricing in a Fed pivot next spring when Powell terms out, it’s a timely opportunity to add a high-quality, depreciation-ready asset to your portfolio before year-end and before prices spike again when rates come down.
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Disclaimer: Financial and tax information provided herein is for general informational purposes only and should not be construed as legal, accounting, investment, or tax advice. Prospective buyers should consult their own CPA or tax advisor regarding the applicability of any depreciation benefits, 1031 exchanges, or deductions referenced. Future market or policy projections are speculative and not guaranteed.
Listed by Adam Gower
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License #01911653
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Castlewell Properties
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213-761-1000
Last updated November 18, 2025
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Source: CRMLS #SC25239207
Listing Facts
TypeMulti-family
NeighborhoodLos Feliz
Days on Prevu35
Amenities
Dishwasher
Air Conditioning
Parking
Location
Mortgage Calculator
Listing History
10/28/2025
Status changed to Active
$2,750,000
10/23/2025
Status changed to Removed from Feed
$2,750,000
10/15/2025
Listed by Castlewell Properties
$2,750,000
Property Details for 3702 Arbolada Road
Association
Amenities
Community Features: Biking, Dog Park, Foothills, Golf, Hiking, Park
Exterior
Construction
Number Of Units Total: 2
Property Attached: Yes
Roof: Spanish Tile
Stories: 2
Stories Total: 2
Year Built: 1929
Architectural Style: Spanish
Common Walls: 1 Common Wall
Entry Level: 1
Entry Location: Entrance
Features
View: City Lights, Courtyard, Canyon, Park/Greenbelt, Hills, Mountain(s), Neighborhood, Panoramic
Measurements
Building Area Total: 3,600
Building Area Units: Square Feet
Lot Features: Cul-De-Sac, Sloped Down, Front Yard, Garden, Landscaped, Rectangular Lot, Rolling Slope, Sprinkler System, Yard
Lot Size Acres: 0.22
Lot Size Area: 9,585
Lot Size Source: Assessor
Lot Size Square Feet: 9,585
Lot Size Units: Square Feet
Financial
Residential Income
Gross Income: $172,800.00
Operating Expense: $2,500.00
Taxes
Parcel Number: 5434013013
Interior
Features
Appliances: 6 Burner Stove, Built-In Range, Convection Oven, Double Oven, Dishwasher, ENERGY STAR Qualified Appliances, ENERGY STAR Qualified Water Heater, Gas Cooktop, Disposal, Gas Oven, Gas Range, Gas Water Heater, High Efficiency Water Heater, Hot Water Circulator, Ice Maker, Microwave, Refrigerator, Range Hood, Self Cleaning Oven, Water To Refrigerator, Water Heater
Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
Water Source: Public
Based on information from California Regional Multiple Listing Service, Inc. and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by Prevu or the MLS. Information is provided exclusively for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.
Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.