Est. cap rate

3.0%

Assumed rent, all units

$4,360/mo

Units

2

Price per unit

$429,500

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

2

Building size

1,370 sqft

Lot size

4,802 sqft

Year built

1926

Stories

1

Garage spaces

2

Heating

Wall Furnace

Pool

None

Status

Active

Days on market

236

MLS #

240082029

About this property

Two Homes on one Lot. The main house 5441 Smiley Dr. consists of 2 bedrooms and 1 bathroom. Back house 5443 Smiley is a 1bedroom, 1bathroom. There is 2 car detached garage belongs to the front unit. The garage can be converted into an ADU. This property is in a prime location, minutes from the light rail, major developments in Culver City. Property is zone LARD 1.5 lot providing developers with a density bonus and additional incentives for new construction multi-family development. Buyer to do their due diligence to satisfy themselves of all aspects of the property. Don't miss out on this incredible opportunity to own a piece of this up-and-coming neighborhood.

Location

5441 Smiley Drive

Los Angeles, Los Angeles, CA, 90016