Deal numbers
- Est. cap rate
- 2.4%
- Assumed rent, all units
- $3,500/mo
- Units
- 2
- Price per unit
- $440,000
- Est. annual NOI
- $21,000
- 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
- $39,900
- Operating expenses
- $19,950
- Net operating income
- $19,950
- Annual debt service
- $52,692
- Annual cash flow
- -$32,742
- Cash on cash return
- -14.9%
- Down payment
- $220,000
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
- 2
- Building size
- 1,196 sqft
- Lot size
- 7,485 sqft
- Year built
- 1923
- Stories
- 1
- Garage spaces
- 0
- Pool
- None
- Status
- Active
- Days on market
- 129
- MLS #
- 242998229
About this property
Rare opportunity to own a two-unit residential duplex in Boyle Heights. Duplex consists of two detached homes, each with its own private yard space and dedicated parking, situated on a generous 7,485 sq. ft. lot. The property offers approximately 1,196 sq. ft. of living space and features a desirable unit mix of: Unit 1: 2 bedrooms, 1 bathroom. Unit 2: 1 bedroom, 1 bathroom. Both residences have been enhanced with numerous upgrades and provide comfortable, independent living arrangements. The property includes ample parking with space for up to four vehicles. Located in the highly sought-after Boyle Heights neighborhood, this property offers convenient access to Arts District, Los Angeles Downtown, and Dodger Stadium. Close proximity to shopping centers, retail services, restaurants, and entertainment. The property is zoned RD1.5 (Multiple Dwelling Residential), offering significant future development potential with the possibility of constructing up to five residential units (buyer to verify with the city). Commuters will appreciate the convenient access to both the 60 Freeway and 5 Freeway, providing connectivity throughout the Los Angeles area. Whether you're an investor seeking income and development potential or an owner-occupant looking for flexible living arrangements, this unique detached duplex presents an exceptional opportunity.
Location
3577 Siskiyou
Los Angeles, Los Angeles, CA, 90023