Deal numbers
- Est. cap rate
- 2.9%
- Assumed rent, all units
- $4,440/mo
- Units
- 2
- Price per unit
- $462,500
- Est. annual NOI
- $26,640
- 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
- $50,616
- Operating expenses
- $25,308
- Net operating income
- $25,308
- Annual debt service
- $55,386
- Annual cash flow
- -$30,078
- Cash on cash return
- -13.0%
- Down payment
- $231,250
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
- Building size
- 1,373 sqft
- Lot size
- 5,664 sqft
- Year built
- 1940
- Garage spaces
- 0
- Style
- Traditional
- Heating
- See Remarks
- Cooling
- See Remarks
- Pool
- None
- Status
- Active
- Days on market
- 95
- MLS #
- 243951251
About this property
Nestled on a gated corner lot in the heart of Northeast Los Angeles, this fully leased duplex blends strong rental income with thoughtful updates and exceptional outdoor living. Generating $6,000 per month in gross rental income, with the front unit leased at $2,800 per month and the rear garden unit leased at $3,200 per month, the property consists of two 2-bedroom, 1-bath residences, each offering a private entrance, its own laundry area, fenced yard space, and abundant off-street parking. Recent improvements include a newer roof, copper plumbing, dual-pane windows, upgraded electrical panels, mini-split heating and air conditioning systems, recent interior and exterior paint, and extensive landscaping and hardscape enhancements. Both residences feature bright interiors, remodeled kitchens with quartz countertops and new fixtures, remodeled bathrooms with new fixtures, and private outdoor spaces designed for everyday living and entertaining. Ideally positioned near Highland Park, Mount Washington, Downtown Los Angeles, Elysian Park, Dodger Stadium, and major transportation corridors, this turnkey investment opportunity offers strong in-place income, privacy, and long-term upside in one of Northeast LA's most desirable neighborhoods.
Location
3501 N Figueroa Street
Los Angeles, Los Angeles, CA, 90065