Est. cap rate

3.6%

Assumed rent, all units

$3,440/mo

Units

2

Price per unit

$289,500

Est. annual NOI

$20,640

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

1,860 sqft

Lot size

5,130 sqft

Year built

1924

Stories

1

Garage spaces

0

Pool

None

Status

Active

Days on market

683

MLS #

237081477

About this property

Welcome to this great investment opportunity or rent one and live in the other. 244 and 246 W 66th St. is great income producing duplex. Add this gem to your real estate portfolio and see all the possibilities for even bigger returns on your investment. Centered in the heart of the city of Los Angeles, it's close to all the amenities LA has to offer. Just minutes away from the prestigious USC, as well as LA's favorite soccer team LAFC's BMO Stadium, LA coliseum and of curse LA Live with all its restaurants and entertainment including the home of The Lakers, Crypto.com Arena. Also minutes away from SoFi Stadium, YouTube theater, Intuit dome and much, much more. Live in one and rent the other or add both units to your portfolio. Large front unit is 5 beds and 2 baths, Rear unit is 1 bed one bath. Very large lot with alley access in rear and side, perfect for building new units, Solar panels and 2 drive ways, one for each unit. Sold as is. Do not disturb tenants. Do not walk the property without appointment. Outline on photos are estimated for visual purposes only.

Location

- 246 W 66th Street

Los Angeles, Los Angeles, CA, 90003