Deal numbers
- Est. cap rate
- 1.8%
- Assumed rent, all units
- $8,520/mo
- Units
- 2
- Price per unit
- $1,425,000
- Est. annual NOI
- $51,120
- 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.
- Effective gross income
- $97,128
- Operating expenses
- $48,564
- Net operating income
- $48,564
- Annual debt service
- $170,650
- Annual cash flow
- -$122,086
- Cash on cash return
- -17.1%
- Down payment
- $712,500
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
- 4
- Bathrooms
- 2
- Building size
- 1,710 sqft
- Lot size
- 2,474 sqft
- Year built
- 1961
- Stories
- 2
- Garage spaces
- 2
- Heating
- Baseboard
- Cooling
- None
- Pool
- None
- View
- Ocean,Peek-A-Boo
- Status
- Active
- Days on market
- 91
- MLS #
- 227182797
About this property
Welcome to 231 Longfellow Avenue, a charming duplex in Hermosa Beach, CA, less than 2 blocks from the beach! Each unit features 2 bedrooms and 1 bathroom, a modern kitchen, inviting living areas and comfortable living on a street-to-alley full lot. Convenience is key with in-unit washer/dryer and garage parking. Both units offer ocean and sunset views and convenience to restaurants, markets and the beach. Whether you're enjoying the beach or relaxing at home, this duplex offers the ideal blend of coastal living and comfort. Don't miss out on this fantastic beachside opportunity!
Location
231 Longfellow Avenue
Hermosa Beach, Los Angeles, CA, 90254