Est. cap rate

3.9%

Assumed rent, all units

$6,820/mo

Units

2

Price per unit

$524,500

Est. annual NOI

$40,920

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

7

Bathrooms

3

Building size

2,124 sqft

Lot size

5,601 sqft

Year built

1942

Stories

1

Garage spaces

3

Cooling

Wall/Window Unit(s)

Pool

None

View

None

Status

Active

Days on market

61

MLS #

243725607

About this property

First time on the market in 28 years, this is a rare opportunity for an owner occupant to live in one unit while the others pay your mortgage. The property features two legal units — a 2 bed/1 bath front unit and a 3 bed/1 bath back unit — plus a non conforming 2 bed/1 bath garage conversion in the rear that has been fully built out with a complete kitchen, in unit laundry, and its own private covered patio. Whether you move into the spacious 3 bedroom back unit and collect rent from the front and rear, or configure the setup to fit your household's needs, the income from the other units will go a long way toward offsetting your carrying costs. Long term tenants are already in place, so day one cash flow is built in. Five surface parking spaces, three along the side driveway and two marked spaces in front, keep things practical for everyone on site. The marketed square footage reflects the two legal units only and does not include the non conforming rear unit — buyer and agents to confirm all details. The location does the heavy lifting on tenant demand. LAX, the Inglewood stadiums, South Bay hospitals, major retail corridors, and a dense base of service, trade, and light industrial employers are all within easy reach, with Downtown LA a straightforward freeway commute away. This is the kind of pocket that attracts stable, working tenants who need quality housing close to where they work — which is exactly what makes this a property worth holding for the long term.

Location

4853 W 116th

Hawthorne, Los Angeles, CA, 90250