Deal numbers
- Est. cap rate
- 4.6%
- Assumed rent, all units
- $5,780/mo
- Units
- 2
- Price per unit
- $375,000
- Est. annual NOI
- $34,680
- 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
- $65,892
- Operating expenses
- $32,946
- Net operating income
- $32,946
- Annual debt service
- $44,908
- Annual cash flow
- -$11,962
- Cash on cash return
- -6.4%
- Down payment
- $187,500
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
- 7
- Bathrooms
- 4
- Building size
- 2,330 sqft
- Lot size
- 5,256 sqft
- Year built
- 1912
- Stories
- 1
- Garage spaces
- 0
- Cooling
- None
- Pool
- None
- View
- None
- Status
- Active
- Days on market
- 151
- MLS #
- 239571577
About this property
Excellent investment opportunity in the heart of Los Angeles. This duplex features two spacious units, each with its own address, making it perfect for an owner-occupant looking to rent out the second unit or for a full investment. The front unit includes four bedrooms and two bathrooms, while the back unit offers three bedrooms and two bathrooms. Both units feature their own kitchens, indoor laundry areas with washer/dryer hookups, and access to a large driveway for ample parking. Located near the Financial District, Hollywood, Dodger Stadium, and USC, this property is central to major freeways, dining, and entertainment. Schedule a showing to see this great investment today!
Location
6414 S Hoover Street
Los Angeles, Los Angeles, CA, 90044