Est. cap rate

2.6%

Assumed rent, all units

$3,600/mo

Units

2

Price per unit

$419,500

Est. annual NOI

$21,600

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

2,397 sqft

Lot size

4,880 sqft

Year built

1909

Stories

2

Garage spaces

0

Pool

None

View

None

Status

Active

Days on market

118

MLS #

243540253

About this property

NEW OWNER CAN USE AS AN INVESTMENT. CAN SET MARKET RENTS FROM DAY ONE. SELLER SAY LET'S GET IT SOLD! SELLER IS WORKING WITH ONE OF THE TENANT TO BE CASH FOR KEYS. Exceptional opportunity to own a well-maintained duplex in a prime Central Los Angeles location. Situated at 1060 W 51st Place, this versatile property offers approximately 2,397 square feet of living space and is currently being used as a 2 UNITS PLUS ADU (VACANT PROPERTY) providing added flexibility and income potential. The property is configured with ONE 3-bedroom, 2-bath unit and ONE 2-bedroom, 1-bath unit AND ADU studio, making it ideal for both investors and owner-users. The current 2-unit use offers multiple income streams and the flexibility for multi-generational living or an owner-occupant to live in one unit while renting out the others. Located in a rapidly developing area, the property is within close proximity to BMO Stadium, the Los Angeles Memorial Coliseum, the University of Southern California (USC), the California Science Center. Convenient access to the 110, 10, and 105 freeways provides easy connectivity throughout Los Angeles. Excellent opportunity to acquire a flexible, income-producing property in a high-demand rental market with continued growth and development.

Location

1060 W 51st

Los Angeles, Los Angeles, CA, 90037