Deal numbers
- Est. cap rate
- 2.1%
- Assumed rent, all units
- $5,660/mo
- Units
- 2
- Price per unit
- $812,500
- Est. annual NOI
- $33,960
- 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
- $64,524
- Operating expenses
- $32,262
- Net operating income
- $32,262
- Annual debt service
- $97,300
- Annual cash flow
- -$65,038
- Cash on cash return
- -16.0%
- Down payment
- $406,250
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
- 3,241 sqft
- Lot size
- 6,901 sqft
- Year built
- 1971
- Stories
- 2
- Garage spaces
- 4
- Pool
- None
- Status
- Active
- Days on market
- 91
- MLS #
- 243870360
About this property
Pleased to present 2863 W. Carson Street, a well-maintained two-unit property located in the highly desirable South Bay city of Torrance. Offering a unique low-density configuration with spacious townhouse-style units, the property provides an attractive alternative to traditional multifamily assets, appealing to tenants seeking larger living spaces and a more residential environment. The property consists of two large two-bedroom units, including a ±1,350 square foot 2BR/1.5BA townhouse-style unit (2863) and a ±1,890 square foot 2BR/2BA townhouse unit (2867), both offering functional layouts and generous living space. 2863 was fully remodeled in 2016, featuring updated finishes and modern improvements, while the overall property has been well maintained, including the installation of a new roof in 2011, and new dual pane windows and sliding doors in 2018. With its sizable unit mix, desirable South Bay location, and strong underlying rental demand for larger floorplans, 2863 W. Carson Street presents a compelling opportunity for investors seeking stable income with long-term upside potential in a high-demand rental market.
Location
2867 W Carson Street
Torrance, Los Angeles, CA, 90503