Deal numbers
- Est. cap rate
- 2.3%
- Assumed rent, all units
- $4,840/mo
- Units
- 2
- Price per unit
- $638,889
- Est. annual NOI
- $29,040
- 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
- $55,176
- Operating expenses
- $27,588
- Net operating income
- $27,588
- Annual debt service
- $76,510
- Annual cash flow
- -$48,922
- Cash on cash return
- -15.3%
- Down payment
- $319,444
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
- 5
- Bathrooms
- 2
- Building size
- 3,254 sqft
- Lot size
- 5,085 sqft
- Year built
- 1965
- Stories
- 2
- Garage spaces
- 2
- Cooling
- Central Air
- Pool
- None
- View
- None
- Status
- Active
- Days on market
- 388
- MLS #
- 230761243
About this property
Prime Investment Opportunity Near USC! Welcome to 3887-3889 S. Van Ness Avenue – a well-maintained duplex located just minutes from USC, Exposition Park, Banc of California Stadium, and Downtown LA. Each spacious unit features 3 bedrooms and 2 bathrooms, offering generous living space ideal for long-term tenants or owner-occupants. The property is configured with one unit over the other, both with their own private 1-car garages and separate utility meters (gas and electricity). Seller pays water only; tenants are responsible for their own utilities. This duplex is subject to LA City rent control (RSO) and is being sold AS IS, with tenants in place. Perfect for the savvy investor looking for consistent rental income in a growing neighborhood or a future owner-user planning to occupy one unit and rent out the other. Additional Highlights: Each unit: 3 Beds / 2 Baths Separate meters for each unit Subject to interior inspection Near major transit, development, and university corridor Upside potential in an appreciating area Whether you’re adding to your rental portfolio or planning for future redevelopment, the possibilities here are endless. Do not disturb tenants. Drive by only.
Location
3887 S Van Ness Avenue
Los Angeles, Los Angeles, CA, 90062