Deal numbers
- Est. cap rate
- 3.1%
- Assumed rent, all units
- $7,000/mo
- Units
- 2
- Price per unit
- $674,500
- Est. annual NOI
- $42,000
- 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
- $79,800
- Operating expenses
- $39,900
- Net operating income
- $39,900
- Annual debt service
- $80,774
- Annual cash flow
- -$40,874
- Cash on cash return
- -12.1%
- Down payment
- $337,250
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
- 9
- Bathrooms
- 6
- Building size
- 4,103 sqft
- Lot size
- 5,908 sqft
- Year built
- 1921
- Stories
- 2
- Garage spaces
- 0
- Cooling
- None
- Pool
- None
- View
- City Lights,Neighborhood
- Status
- Active
- Days on market
- 103
- MLS #
- 244034174
About this property
Versatile residential-income opportunity in a central Los Angeles location near Koreatown, Downtown Los Angeles and USC. Situated on an approximately 5,908-square-foot LAR3 lot, this character property consists of two buildings with approximately 4,103 square feet of total building area. The main building features 5 bedrooms and 4 bathrooms, while the secondary building offers 4 bedrooms and 2 bathrooms, providing a flexible configuration for an owner-user or income-property investor. Spacious interiors feature updated flooring, recessed lighting and flexible living areas with abundant natural light. Highlights include generous rooms, inviting living spaces, a fireplace, updated kitchens and bathrooms, interior laundry facilities and a covered porch. The upper-level space opens to an outdoor area and views toward the Downtown Los Angeles skyline. A mix of private and shared areas provides flexibility for a variety of living and income-property arrangements. Conveniently located near major employment, dining, shopping, entertainment and transportation destinations throughout central Los Angeles. Buyer to independently verify all permits, square footage, unit configuration, bedroom and bathroom counts, zoning, rent-control status and allowable uses.
Location
2970 W 11th
Los Angeles, Los Angeles, CA, 90006