Deal numbers
- Est. cap rate
- 1.9%
- Assumed rent, all units
- $4,360/mo
- Units
- 2
- Price per unit
- $700,000
- Est. annual NOI
- $26,160
- 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
- $49,704
- Operating expenses
- $24,852
- Net operating income
- $24,852
- Annual debt service
- $83,828
- Annual cash flow
- -$58,976
- Cash on cash return
- -16.9%
- Down payment
- $350,000
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
- 2,780 sqft
- Lot size
- 7,646 sqft
- Year built
- 1910
- Stories
- 2
- Garage spaces
- 0
- Heating
- Central
- Cooling
- Central Air
- Pool
- None
- View
- None
- Status
- Active
- Days on market
- 196
- MLS #
- 238442454
About this property
Rare Duplex in the City of Angels – LAR3 Zoning – Opportunity knocks with this well-maintained duplex located near the 10 Fwy and central to all regions of Los Angeles. Featuring a total of 6 bedrooms and 4 bathrooms (each unit is a 3 bed / 2 bath) across two spacious units, this income-producing property offers flexibility, upside, and development potential. Sitting on a large 7,646 sq ft LAR3 lot, this property presents a potential future development opportunity of up to 9 units (buyer to verify). In addition, the deep lot provides off-street parking, a very generous backyard, great natural lighting and functional flow. Highlights: Approx. 2,780 sq ft building on a 7,646 sq ft lot. LAR3 zoning – ideal for multifamily development. Strong rental upside in a high-demand area. Centrally located near DTLA, Koreatown, USC, and major freeways Close to schools, public transportation, and new development projects. Whether you're an investor seeking cash flow and appreciation, or an owner-occupant looking to live in one unit while renting the other, this property offers the ideal setup in one of LA’s most dynamic neighborhoods. Both units currently have tenants. Each unit is equipped with in-unit laundry.
Location
2104 Crenshaw Boulevard
Los Angeles, Los Angeles, CA, 90016