Est. cap rate

2.2%

Assumed rent, all units

$4,580/mo

Units

2

Price per unit

$625,000

Est. annual NOI

$27,480

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

2

Building size

1,360 sqft

Lot size

5,359 sqft

Year built

1924

Stories

2

Garage spaces

1

Pool

None

Status

Active

Days on market

16

MLS #

244138078

About this property

Charming 1924 Spanish Duplex in the Heart of Eagle Rock! This character-filled property presents a rare opportunity to own a versatile duplex in one of Los Angeles' most desirable neighborhoods. Featuring two mirror-image units, each offering 1 bedroom and 1 bathroom, the property blends original Spanish charm with updated systems and endless potential. Ideal for an owner-user looking to live in one unit and generate rental income from the other, or for investors seeking a value-add opportunity. The property also includes a finished garage, art studio/workshop, off-street parking, and a private yard. Conveniently located just blocks from Eagle Rock's popular cafes, restaurants, shops, and entertainment, and only a mile from Occidental College, this is a unique opportunity to own a piece of one of LA's most cherished communities. Drive by only offer subject to inspection, Property will be delivered vacant at close of escrow, Contact brokers for any additional information.

Location

2402 Merton Avenue

Los Angeles, Los Angeles, CA, 90041