Deal numbers
- Est. cap rate
- 2.3%
- Assumed rent, all units
- $6,080/mo
- Units
- 2
- Price per unit
- $800,000
- Est. annual NOI
- $36,480
- 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
- $69,312
- Operating expenses
- $34,656
- Net operating income
- $34,656
- Annual debt service
- $95,803
- Annual cash flow
- -$61,147
- Cash on cash return
- -15.3%
- Down payment
- $400,000
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
- 1,763 sqft
- Lot size
- 3,373 sqft
- Year built
- 1946
- Stories
- 2
- Garage spaces
- 2
- Heating
- Wall Furnace
- Cooling
- None
- Pool
- None
- View
- Water
- Status
- Active
- Days on market
- 120
- MLS #
- 243443457
About this property
!!LOOK NO FURTHER!! TRULY MOTIVATED OWNER JUST LOWERED THE PRICE 10/05/2026 !!!A SMALL BIT OF PARADISE!! COME ENJOY BELMONT SHORES/ NAPLES ONE OF A KIND LOCATION!!! LOW MAINTENANCE!! LIVE IN 1 AND LEASE THE OTHER!!!CORNER LOT, CHARMING HOMES, 2 BEDROOM 1 BATH EACH, THE 2 STORY UNIT HAS A VIEW OF THE WATER!! BOTH INCLUDE A PRIVATE PATIO AREA!!THESE BUNGALOW HOMES ARE IN MOVE IN CONDITION, VERY TASTEFULLY REMODELED WITH DARK WOOD FLOORS AND SOME TILE FLOORING IN KITCHEN WHERE ITS BRIGHT AND AIRY, WHITE QUARTZ COUNTER TOPS FOR THOSE CHEF COOKING DAYS, PORCELAIN SINK AND WOOD CABINETS!!STAINLESS STEEL APPLIANCES AND ELECTRIC RANGE, ALONG WITH A GAS RANGE IN 2ND UNIT !!CUSTOM WINDOW FIXTURES, THE 2 STORY UNIT HAS TRAVERTINE STAIR, WITH IRON RAILINGS THAT LEAD TO 2ND STORY, WHERE BEDROOMS ARE LARGE WITH WALKIN CLOSETS...AND IF THATS NOT ALL YOU HAVE FRUIT TREES A WALK WAY THAT LEADS TO YOUR 2 CAR GARAGE, AND THEN YOU CAN ENJOY ALL THOSE STROLLING SUNSETS TO NAPLES CANAL/ THE ENCHANTING BOAT PARADE, THE PARK AND BEACHES!! CONCERTS IN THE PARK WONDERFUL DINING..A MUST SEE, COME AND IM SURE YOU'LL BE ENCHANTED WITH THESE HOMES!!!
Location
5653 E 2nd
Long Beach, Los Angeles, CA, 90803