Est. cap rate

2.7%

Assumed rent, all units

$5,740/mo

Units

2

Price per unit

$649,500

Est. annual NOI

$34,440

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

1,428 sqft

Lot size

4,842 sqft

Year built

1941

Stories

1

Garage spaces

2

Heating

Central

Cooling

Wall/Window Unit(s)

Pool

None

Status

Active

Days on market

216

MLS #

240782779

About this property

Excellent Investor Opportunity in a prime location with owner user ability! This 2-unit property sits within the Culver City Arts District and close to Helms Bakery, Sony Studios, Amazon Studios, and the Metro Line. Both units feature bamboo floors in the living and bedroom areas, tile floor kitchens with granite countertops, gas ovens, dishwashers, in-unit washer/dryers, central heat, and window A/C units. Additionally, the units were upgraded with copper plumbing, newer electrical panels, newer windows and fresh paint. The back unit is a 1bd/1ba home and it has its own private garage which is attached to a bonus room. The front unit is a 2bd/1ba home and is immediately available for move-in and perfect for owner user ability. It has its own parking spot adjacent to the home and a separate private garage near the rear of the property. The back of the property features plenty of open space and a sizable grass area that could be used for extra parking and/or outdoor activities and hosting. The property can be accessed by an automatic driveway gate or a private pedestrian gate equipped with a keypad. Don’t miss this fantastic opportunity in a high-demand rental and employment hub!

Location

3211 Cattaraugus Avenue

Los Angeles, Los Angeles, CA, 90034