Est. cap rate

2.7%

Assumed rent, all units

$5,760/mo

Units

2

Price per unit

$649,500

Est. annual NOI

$34,560

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

5

Bathrooms

3

Building size

2,258 sqft

Lot size

4,761 sqft

Year built

1913

Stories

2

Garage spaces

2

Heating

Forced Air

Cooling

Central Air

Pool

None

View

None

Status

Active

Days on market

80

MLS #

239519297

About this property

Price Correction! Seller is motivated! A rare 2 unit property in the highly desired Silverlake neighborhood with easy access to freeway and Sunset Blvd, Koreatown, Silverlake Reservoir, Hollywood, Downtown LA, and popular coffee shops. A versatile property with two detached residences. The front bungalow circa 1913 has undergone a mindful renovation, featuring an open-concept flow, quartz countertops, stainless steel appliances, 3 bedrooms and 2 upgraded bathrooms. Just beyond to the rear, the Mission Revival home retains its original charm with coved ceilings, decorative hearth and archways on the main level; two bedrooms, a balcony and a vintage bath. The gated yard is a low-maintenance getaway with a mature guava tree, driveay parking and a 2 car garage. Amenities include central AC in the front home and mini-splits in the back. Offering potential for income generation or a great space for yourself, the property offers maximum flexibility. Steps to Cafecito Organico, Be U Vietnamese, Bellevue Rec Center, and minutes form Hoover Ave and Sunset Junction. Property is zoned LAR3 which provides investment income opportunities.

Location

3538 London

Los Angeles, Los Angeles, CA, 90026