Est. cap rate

2.9%

Assumed rent, all units

$3,600/mo

Units

2

Price per unit

$374,999

Est. annual NOI

$21,600

Expense assumption

50%

Estimates only, based on HUD Fair Market Rents (a conservative 40th percentile floor) and a standard 50% operating expense assumption. Not a guarantee of income or value. Ask Alex for a pro forma using comparable rent data.

Run your own numbers

Adjust the assumptions to see cash flow and cash on cash return.

Illustration only, using a 30 year loan and your assumptions above. Not a loan offer, financial advice, or a guarantee. Confirm financing and actual rents independently.

Property details

Type

Duplex

Bedrooms

2

Building size

1,952 sqft

Lot size

5,001 sqft

Year built

1905

Stories

1

Garage spaces

0

Heating

Wall Furnace

Cooling

None

Pool

None

View

City Lights

Status

Active

Days on market

0

MLS #

245138471

About this property

Ideal investment opportunity centrally located near the downtown area. This charming duplex offering two separate units. The front unit featuring 3 bedrooms and 1 full bathroom w/ bonus room. Back unit featuring 2 bedrooms and 1 full bath. This property is ideal for investors looking for income potential or homeowners seeking to live in one unit and rent the other. Both units boast a functional floor plan, and classic LA character throughout. The lot also offers ample alley entry to private gated rear parking, along with a private gated front yard with additional parking. This home is conveniently located near major freeways, schools, restaurants and all that LA has to offer. Whether you’re a first-time home buyer or looking to grow your investment portfolio, this duplex offers endless potential and steady rental income.

Location

1464 E 23rd

Los Angeles, Los Angeles, CA, 90011