Deal numbers
- Est. cap rate
- 3.7%
- Assumed rent, all units
- $3,740/mo
- Units
- 2
- Price per unit
- $302,500
- Est. annual NOI
- $22,440
- 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.
- Effective gross income
- $42,636
- Operating expenses
- $21,318
- Net operating income
- $21,318
- Annual debt service
- $36,226
- Annual cash flow
- -$14,908
- Cash on cash return
- -9.9%
- Down payment
- $151,250
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
- 1,268 sqft
- Lot size
- 6,260 sqft
- Year built
- 1947
- Stories
- 1
- Garage spaces
- 2
- Style
- Traditional
- Heating
- Wall Furnace
- Cooling
- None
- Pool
- None
- View
- None
- Status
- Active
- Days on market
- 141
- MLS #
- 241735624
About this property
This well-maintained duplex offers a great opportunity for both investors and owner-occupants. The front unit is detached from the rear unit and features 2 bedrooms and 1 bathroom, with a functional layout that includes a front entry into the living room and a side entrance leading directly to the kitchen. The home has been well cared for and remains in its original condition, with thoughtful updates and repairs completed over time to maintain its overall quality. The rear unit is a charming 1-bedroom, 1-bathroom home with a welcoming front porch. Inside, you’ll find a comfortable living and dining area, along with a kitchen in good condition. Both units include their own laundry areas, adding convenience for occupants. Situated between the two units is a detached 2-car garage, complemented by a long driveway that provides ample parking. The property is fully fenced, offering added privacy and security. Conveniently located near shopping centers, schools, and a variety of local amenities, this duplex presents an excellent opportunity for rental income or multi-generational living. Don’t miss the chance to own this versatile property!
Location
244 E 118th
Los Angeles, Los Angeles, CA, 90061