Est. cap rate

3.5%

Assumed rent, all units

$4,360/mo

Units

2

Price per unit

$375,000

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.

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

4

Bathrooms

2

Building size

1,835 sqft

Lot size

4,033 sqft

Year built

1924

Stories

1

Garage spaces

2

Cooling

Wall/Window Unit(s)

Pool

None

View

None

Status

Active

Days on market

133

MLS #

239588323

About this property

2 units! Opportunity to own a residential & potential income property in Los Angeles featuring two attached units on a 4,033 sq ft lot. Built in 1924, the property offers a total of 1,835 sq ft with two units, each configured with 2 bedrooms and 1 bathroom. The layout provides functional living space and flexibility for residential income or multi-family ownership. The property includes a 2-car attached garage plus two uncovered driveway parking spaces, a gated driveway, and a fenced front yard area. Covered front porch and driveway access provide entry to the property. Located near major city destinations including Downtown Los Angeles, the Arts District, and USC Health Sciences Campus, with convenient access to Interstate 5, US-101, and Interstate 10. Nearby commercial corridors along Soto Street offer shops and restaurants. Central Los Angeles location with access to major employment centers, transportation routes, and neighborhood amenities.

Location

1259 Velasco Street

Los Angeles, Los Angeles, CA, 90023