Est. cap rate

3.7%

Assumed rent, all units

$5,900/mo

Units

2

Price per unit

$474,950

Est. annual NOI

$35,400

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

6

Bathrooms

4

Building size

2,648 sqft

Lot size

5,854 sqft

Year built

1940

Stories

2

Garage spaces

4

Heating

Wall Furnace

Cooling

See Remarks

Pool

None

View

None

Status

Active

Days on market

187

MLS #

238974771

About this property

BACK ON MARKET!!! No fault to seller!!! Investor special with strong income and upside potential! This unique property is titled as a single-family residence but is a permitted duplex, offering exceptional flexibility and opportunity. Featuring two legal units plus a third unpermitted unit, each with its own separate entrance, this is an ideal setup for investors seeking rental income or multi-generational living options. The property includes two separate water heaters and two meters, with gas service to be verified. There are two 2-car garages, providing ample parking and exciting potential for ADU expansion (buyer to verify with city), along with additional on-site parking options. Property was recently appraised at 1M+ Being sold as-is. This is a fantastic value-add opportunity with significant upside. The city can provide permit confirmation pending a pre-sale inspection. Property is currently tenant-occupied; Property will be sold with tenants in place. Tenants are open to cash for keys!!!! Don’t miss this investor’s dream with multiple income streams and future development potential!

Location

8976 Mcnerney #A-B

South Gate, Los Angeles, CA, 90280