Deal numbers
- Est. cap rate
- 1.7%
- Assumed rent, all units
- $5,320/mo
- Units
- 2
- Price per unit
- $935,000
- Est. annual NOI
- $31,920
- 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
- $60,648
- Operating expenses
- $30,324
- Net operating income
- $30,324
- Annual debt service
- $111,970
- Annual cash flow
- -$81,646
- Cash on cash return
- -17.5%
- Down payment
- $467,500
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
- 1
- Building size
- 13,635 sqft
- Lot size
- 7,494 sqft
- Year built
- 1920
- Stories
- 4
- Garage spaces
- 0
- Heating
- Central
- Cooling
- Central Air
- Pool
- None
- View
- None
- Status
- Active
- Days on market
- 106
- MLS #
- 235346669
About this property
RTI ready! This Hollywood project offers an excellent investment opportunity in a high-demand rental market. Situated in the heart of Hollywood, close to major job centers, schools, and public transportation. With a modern co-living design, 45 private bedrooms, each with ensuite bathrooms—ideal for young professionals or transitional housing program. Walking distance to Netflix headquarter and near the Walk of Fame, TCL Chinese Theatre, Hollywood Bowl, Sunset Boulevard &Hollywood Nightlife , Downtown Los Angeles, and everything else Los Angeles has to offer. This is a great opportunity for housing groups specializing in student housing, young professionals entering the workforce, corporate housing, healthcare assisted living, transition and affordable housing. Tenants will enjoy all the benefits of modern living in a prime area of Hollywood near the 110 Fwy. It has a strong rental income potential, the project is positioned to generate significant returns for investors through both rental revenue and appreciation upon sale. This Hollywood Project represents a rare opportunity to invest in a new, fully entitled, high-density residential building designed for long-term rental income or resale. With a proven co-living business model, low vacancy risk, and prime Los Angeles location, this project offers investors stable cash flow and significant upside potential.
Location
5621 La Mirada Avenue
Los Angeles, Los Angeles, CA, 90038