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Duplex at 2426 Medford
$599,000
2426 Medford
Los Angeles, Los Angeles, 90033
Duplex · 2 units
Active · 161 days on market

Deal numbers

Est. cap rate
3.6%
Assumed rent, all units
$3,640/mo
Units
2
Price per unit
$299,500
Est. annual NOI
$21,840
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.

5.0%
50%
25%
7.00%
Effective gross income
$41,496
Operating expenses
$20,748
Net operating income
$20,748
Annual debt service
$35,866
Annual cash flow
-$15,118
Cash on cash return
-10.1%
Down payment
$149,750

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
Bathrooms
2
Building size
808 sqft
Lot size
2,500 sqft
Year built
1926
Stories
1
Garage spaces
3
Heating
ENERGY STAR Qualified Equipment
Cooling
Wall/Window Unit(s)
Pool
None
View
None
Status
Active
Days on market
161
MLS #
238889320

About this property

Well-maintained duplex in a convenient, desirable location. This is a fantastic investment opportunity with reliable tenants who pay on time. The roof was replaced last year, adding value and peace of mind for the new owner. Unit 2428 has been remodeled since 2021, offering updated features and added appeal. There is also an extra storage room, providing added convenience and value for tenants. Tenants are responsible for mowing the lawn, helping keep maintenance costs low. Property is being sold as-is. Don’t miss this opportunity to own a solid, income-producing property in a great area!

Location

2426 Medford

Los Angeles, Los Angeles, CA, 90033

Ask Alex about this property

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Alex Duarte, DRE# 01970077, First Team Real Estate

2426 Medford, Los Angeles CA | Multifamily for Sale