Deal numbers
- Est. cap rate
- 3.5%
- Assumed rent, all units
- $4,940/mo
- Units
- 2
- Price per unit
- $420,000
- Est. annual NOI
- $29,640
- 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
- $56,316
- Operating expenses
- $28,158
- Net operating income
- $28,158
- Annual debt service
- $50,297
- Annual cash flow
- -$22,139
- Cash on cash return
- -10.5%
- Down payment
- $210,000
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
- 4
- Building size
- 1,931 sqft
- Lot size
- 2,843 sqft
- Year built
- 1923
- Stories
- 2
- Garage spaces
- 2
- Heating
- Wall Furnace
- Cooling
- None
- Pool
- None
- View
- Neighborhood
- Status
- Active
- Days on market
- 170
- MLS #
- 241814759
About this property
Charming 1923 duplex in North Long Beach — perfect for owner-occupants or savvy investors! Two spacious 2BD/1.5BA units (1,931 sqft total, 2,843 sqft lot). Move right into the VACANT unit and let your tenant's rent help cover the mortgage, or lease both units for a projected ~6.3% cap rate, 11.7x GRM and ~$52,900/yr NOI. Separate gas/electric meters per unit; owner pays water. 2-car attached garage, one space per unit. No need to wait on a tenant to vacate — move-in ready now. Priced below nearby comps in a strong rental pocket near the 405/710 corridor. A rare dual-purpose opportunity!
Location
410 E 21st Street
Long Beach, Los Angeles, CA, 90806