Est. cap rate

4.0%

Assumed rent, all units

$5,600/mo

Units

2

Price per unit

$425,000

Est. annual NOI

$33,600

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

4

Bathrooms

2

Building size

1,800 sqft

Lot size

7,665 sqft

Year built

1961

Stories

1

Garage spaces

0

Heating

Wall Furnace

Cooling

Wall/Window Unit(s)

Pool

None

View

None

Status

Active

Days on market

180

MLS #

236799324

About this property

2 UNITS, both are 2-bed, 1-bath, with a living room, and dining room, separated by a 2-car carport. Located on an expansive, large lot with room to add a third unit ADU (Check with the city, property is zoned RM-12). GREAT LOCATION - Located just east of the Rose Bowl, and minutes away from the freeway, and Old Town Pasadena. The property was built in 1961 and has a total of 1800 sq.ft. (900 sq.ft. a unit), and lot size of 7,665 sq.ft. The property is gated with a long concrete driveway, has newer windows, and the roof was installed in 2020. Property is delivered fully occupied. Please do not disturb tenants. This property is perfect for investors looking to modernize and maximize rental income. Don't miss out on this opportunity!

Location

691 Lincoln

Pasadena, Los Angeles, CA, 91103