Est. cap rate

2.7%

Assumed rent, all units

$3,640/mo

Units

2

Price per unit

$399,950

Est. annual NOI

$21,840

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

2

Building size

1,597 sqft

Lot size

5,390 sqft

Year built

1952

Stories

1

Garage spaces

2

Heating

Wall Furnace

Pool

None

View

None

Status

Active

Days on market

66

MLS #

243340244

About this property

PRICE REDUCTION! Don't miss this opportunity to own a beautiful duplex in a highly sought-after neighborhood. Conveniently located near schools, shopping, public transportation and major freeways. Live in one unit and rent the other. The rear unit has been fully remodeled and features a spacious, beautifully landscaped, fenced back yard. The large, paved courtyard is perfect for relaxing or entertaining. Each unit features two bedrooms, one bathroom, a living room, dining room, kitchen, laundry room, and a private garage. This property is ideal for first time buyers, multi-generational living, or investors. Property is zoned R3, offering potential future development opportunities. Buyer to independently verify zoning, permitted uses, density, and development potential with the City of Los Angeles. This is sale is subject to visual inspection of the front unit.

Location

471 Hoefner

Los Angeles, Los Angeles, CA, 90022