Deal numbers
- Est. cap rate
- 2.3%
- Assumed rent, all units
- $6,940/mo
- Units
- 2
- Price per unit
- $924,500
- Est. annual NOI
- $41,640
- 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
- $79,116
- Operating expenses
- $39,558
- Net operating income
- $39,558
- Annual debt service
- $110,713
- Annual cash flow
- -$71,155
- Cash on cash return
- -15.4%
- Down payment
- $462,250
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
- 5
- Bathrooms
- 2
- Building size
- 1,892 sqft
- Lot size
- 5,182 sqft
- Year built
- 1952
- Stories
- 1
- Garage spaces
- 2
- Heating
- Wall Furnace
- Cooling
- None
- Pool
- None
- View
- Neighborhood
- Status
- Active
- Days on market
- 1
- MLS #
- 244038531
About this property
Don't miss this exceptional opportunity to own a beautifully renovated duplex in the highly desirable North Redondo Beach area. Whether you're seeking a strong investment property, an owner-occupant opportunity, or a combination of both, this unique property offers comfort, style, and excellent income potential. The property features two detached homes, each thoughtfully updated with modern finishes and improvements. The front residence offers 3 bedrooms and 1 bathroom, providing generous living space for a family or tenants. The rear residence offers 2 bedrooms and 1 bathroom and has also benefited from recent improvements, creating a comfortable and inviting living space. Outside, both homes enjoy attractive, low-maintenance landscaping with new synthetic turf, drought-tolerant plants, and drip irrigation systems, providing year-round curb appeal while conserving water. Located within an award-winning school district and just minutes from Manhattan Beach, this property offers the best of South Bay living. Residents will enjoy easy access to the Beach Cities, shopping, dining, recreation, and major freeways for convenient commuting. Adding to its appeal, one of the homes is currently tenant-occupied, providing immediate rental income and making this an outstanding investment opportunity.
Location
2009 Graham Avenue #2
Redondo Beach, Los Angeles, CA, 90278