Est. cap rate

3.6%

Assumed rent, all units

$3,620/mo

Units

2

Price per unit

$299,500

Est. annual NOI

$21,720

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

993 sqft

Lot size

4,898 sqft

Year built

1922

Stories

1

Garage spaces

0

Heating

Wall Furnace

Cooling

None

Pool

None

View

Neighborhood

Status

Active

Days on market

436

MLS #

230070102

About this property

2 Units on one lot in Montecito Heights featuring a front house with 1 bedroom and 1 bath. A rear house fitted with 2 bedrooms and 1 bath. Both units are in good condition and well maintained. The backyard has a stair case that leads up to several areas that could be used for gardening or for a private retreat area. These two homes are located in the highly sought after neighborhood of Montecito Heights/Rose hills area . Your surrounding neighborhoods are Alhambra, South Pasadena, Lincoln Heights and Downtown Los Angeles. This wonderful home is minutes from Cal State L.A., USC Medical Center, restaurants, shopping, schools and freeways. This property is perfect for investment or living in one unit and renting the other.

Location

4206 Mercury Avenue

Los Angeles, Los Angeles, CA, 90032