2672 Newell
Los Angeles, CA, 90039
$1,700,000
MLS: AR26077622
Beds
5
Baths
4
Sq Ft
2,463
Lot
0.12 ac
Year Built
1921
MLS #
AR26077622
Days on Market
5
Listed
Apr 13, 2026
Description
Two homes on one lot in the highly desirable Elysian Valley (aka Frogtown), featuring separate addresses and separate meters. The front home has been remodeled and expanded, while the rear home is a newer ADU built in June 2022. Situated on R2 zoning, this property offers exceptional flexibility for owner-occupants, investors, or multi-generational living. This property presents a rare opportunity for both lifestyle and income — ideal to live in one and rent the other, or rent both units. Estimated rental income is approximately $8,000+ per month, offering strong cash flow potential. Located in one of LA’s most vibrant and rapidly growing neighborhoods, enjoy close proximity to the LA River bike path and popular local hotspots including Salazar, Frogtown Brewery, and La Colombe. The front unit features 3 bedrooms and 2 bathrooms, including one primary suite. The rear unit offers 2 bedrooms and 2 bathrooms, including one primary suite, along with a single-car garage and a private rooftop deck. Both homes are fully detached with no common walls, providing excellent privacy. These modern and stylish residences have been thoughtfully upgraded with tasteful finishes and designer-inspired details throughout. Each unit offers a bright, open, and airy floor plan with well-designed living spaces and kitchens. The front patio is perfect for outdoor entertaining, while the rear rooftop deck provides an incredible setting to relax, host guests, and enjoy city views, including Dodger Stadium fireworks and Fourth of July celebrations. A rare opportunity to own a beautifully updated income-producing two-unit property in an exceptional location.
Location
Los Angeles, Los Angeles County, CA 90039
Open on Google Maps ↗Listed by: Lei Shen · Re/Max Premier Prop Arcadia
Payment estimate
$12,109
/ month (est.)
Principal, interest, taxes, and insurance + PMI. Down payment: $170,000 · Loan: $1,530,000
- Principal & Interest
- $9,401
- Property tax (1.25%)
- $1,771
- Homeowners insurance
- $300
- Mortgage insurance
- $638
Login required. The full tool supports FHA / VA / USDA, PMI by credit tier, lender fees, and total cash to close — with your inputs here carried over.
Today's Rates
As of Apr 23, 2026
- 30-year fixed
- 6.23%
- 15-year fixed
- 5.58%
Source: Freddie Mac Primary Mortgage Market Survey (PMMS). Updated weekly.
Financing Options
FHA Financing — 3.5% Down＋
First-time and repeat buyers can purchase this Los Angeles home with as little as 3.5% down using an FHA loan — roughly $59,500 down. FHA loans feature flexible credit guidelines and government-backed rates, making homeownership accessible for buyers who haven't saved a large down payment. Seller concessions up to 6% of the purchase price are also allowed.
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