Est. cap rate

3.6%

Assumed rent, all units

$4,540/mo

Units

2

Price per unit

$375,000

Est. annual NOI

$27,240

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

4

Bathrooms

3

Building size

1,511 sqft

Lot size

5,424 sqft

Year built

1924

Stories

1

Garage spaces

2

Heating

Wall Furnace

Cooling

Wall/Window Unit(s)

Pool

None

View

See Remarks

Status

Active

Days on market

31

MLS #

242566470

About this property

Great opportunity to own two homes on one lot in the heart of East Los Angeles! 477-481 Wyman Ave features a front 1 bedroom with Bonus room, 1 bath home and a spacious rear 3 bedroom, 2 bath home that has been updated over the years and is move-in ready. Ideal for owner-occupants or investors with the potential to live in one and rent the other for additional income. Property includes a 2-car garage plus bonus room/carport area offering flexible use possibilities. Front house has its own laundry hookups and back house has laundry hookups in the garage. Seller indicates newer roof installed on rear house approximately 2024. Conveniently located near shopping, dining, Metro Gold Line access, and major freeways for an easy commute throughout Los Angeles.

Location

477 Wyman

East Los Angeles, Los Angeles, CA, 90022