Est. cap rate

4.9%

Assumed rent, all units

$6,100/mo

Units

2

Price per unit

$375,000

Est. annual NOI

$36,600

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

5

Bathrooms

3

Building size

1,538 sqft

Lot size

4,346 sqft

Year built

1922

Stories

1

Garage spaces

0

Cooling

None

Pool

None

View

Neighborhood

Status

Active

Days on market

353

MLS #

232719360

About this property

Prime investment opportunity! This duplex, located adjacent to Koreatown in a highly desirable R3 lot, offers incredible potential for both immediate rental income and future development. This property provides the perfect opportunity to expand, add additional units, or redevelop into a multi-unit property. The existing duplex features two well-maintained units and provides a blend of privacy and practicality. This prime location allows residents to enjoy easy access to trendy restaurants, shopping, public transit, and major freeways, making it highly attractive for future development. Whether you're looking to generate income now or take advantage of the zoning for future expansion, this property is a rare find in a high-demand area. Don't miss out on this value-packed investment opportunity—schedule a viewing today!

Location

422 Normandie Place

Los Angeles, Los Angeles, CA, 90004