Est. cap rate

2.8%

Assumed rent, all units

$5,220/mo

Units

2

Price per unit

$549,500

Est. annual NOI

$31,320

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

1,824 sqft

Lot size

6,818 sqft

Year built

1930

Stories

1

Garage spaces

1

Heating

Central

Cooling

Central Air

Pool

None

Status

Active

Days on market

105

MLS #

244219239

About this property

Huge PRICE ADJUSTMENT! Welcome to 1977-1975 5th Street, ideally located in the beautiful city of La Verne, just one block from the University of La Verne! This exceptional 2 houses on one lot duplex features two recently remodeled homes situated on an expansive lot, offering a fantastic opportunity for both homeowners and investors. Live in one and rent the other, or rent both for excellent income potential! Conveniently located in the heart of Downtown La Verne, the property is within walking distance of restaurants, shops, entertainment, transportation, and numerous local amenities. The front home features 2 generously sized bedrooms, 1 bathroom, and approximately 912 square feet of open-concept living space. Recent improvements include new interior paint and flooring. The spacious living room provides plenty of room for entertaining family and friends, while the open and expansive kitchen creates a welcoming centerpiece for the home. A large front yard and private backyard provide additional outdoor space to enjoy. The rear home offers 3 bedrooms, 2 bathrooms, and approximately 912 square feet of living space with a beautifully remodeled open-concept floor plan. Improvements include a new roof, windows, interior and exterior paint, flooring, kitchen cabinetry, quartz countertops, and newly remodeled bathrooms. With two separate homes, extensive renovations, a large lot, and an outstanding location near the University and Downtown La Verne, this is a unique opportunity with tremendous versatility and income potential. Definitely a must-see property! Call today!!

Location

19771975 5th Street

La Verne, Los Angeles, CA, 91750