Est. cap rate

2.9%

Assumed rent, all units

$4,640/mo

Units

2

Price per unit

$475,000

Est. annual NOI

$27,840

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

3

Bathrooms

3

Building size

1,202 sqft

Lot size

6,063 sqft

Year built

1937

Stories

1

Garage spaces

0

Heating

Ductless

Cooling

Ductless

Pool

None

View

Hills

Status

Active

Days on market

7

MLS #

241386339

About this property

TURN-KEY DUPLEX | FULLY REMODELED | INCOME + FLEXIBILITY. Welcome to this beautifully renovated duplex offering the perfect opportunity for both owner-users and investors. Whether you’re looking to live in the 2 bed unit and rent the 1 bedroom unit, or maximize rental income, this property delivers versatility and strong upside. The front unit features 2 bedrooms and 2 bathrooms (approx. 777 sqft), designed with an open and inviting layout filled with natural light. The rear unit offers 1 bedroom and 1 bathroom (approx. 559 sqft), ideal for additional income, extended family, or a private workspace. Both units have been thoughtfully upgraded with modern finishes throughout, including new interior and exterior doors, updated lighting fixtures, and stylish wood flooring that creates a warm and cohesive feel. The kitchens have been remodeled with white shaker cabinets, marble countertops and backsplash, farmhouse sinks, open wood shelving, and brand-new stainless steel appliances including stove, dishwasher, and microwave—perfect for everyday living and entertaining. Bathrooms have been tastefully redesigned with honed marble tile flooring, upgraded Delta fixtures, and contemporary wood-acrylic vanities, offering a clean and modern aesthetic. The property is fully enclosed with a wood fence, providing added privacy. Turn-key condition, move-in ready, and positioned for strong rental potential. A must-see opportunity for investors and owner-occupants alike. Property is occupied at the moment, and it will be deliver vacant.

Location

818 N Avenue 51

Los Angeles, Los Angeles, CA, 90042