Est. cap rate

3.4%

Assumed rent, all units

$3,660/mo

Units

2

Price per unit

$325,000

Est. annual NOI

$21,960

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

Bathrooms

2

Building size

1,370 sqft

Lot size

4,581 sqft

Year built

1924

Stories

1

Garage spaces

1

Cooling

None

Pool

None

View

None

Status

Active

Days on market

22

MLS #

244347955

About this property

**Exceptional DUPLEX Investment Opportunity in the heart of Los Angeles ** 947 W 60th St is a DUPLEX that is being sold together with 949 W 60th , the unit adjacent to it . Unlock the potential of this well-positioned duplex in the heart of Los Angeles.This property offers plenty of backyard space with potential to build an ADU in the back (Buyer to verify with the City).This income-generating property presents a rare opportunity for investors seeking strong rental demand and long-term appreciation. This property is eligible for both Residential and Commercial financing . Property comes with tenants ,All are Section 8 - Ensuring Reliable Rental Income!! Each unit offers functional layouts with comfortable living areas, making them highly attractive to tenants in this consistently sought-after rental market. Whether you’re expanding your portfolio or entering the multi-family space, this property provides immediate income potential with room to enhance returns through strategic upgrades and rental optimization. Situated on a residential street with convenient access to major freeways, public transportation, shopping, and employment hubs, the location supports stable occupancy and long-term tenant appeal. The South Los Angeles market continues to see steady growth, making this an ideal asset for both cash flow and appreciation. Don’t miss this chance to secure a versatile, income-producing property in one of Los Angeles’ high-demand rental corridors.

Location

947 W 60th

Los Angeles, Los Angeles, CA, 90044