Deal numbers
- Est. cap rate
- 2.4%
- Assumed rent, all units
- $3,960/mo
- Units
- 2
- Price per unit
- $499,500
- Est. annual NOI
- $23,760
- 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
- $45,144
- Operating expenses
- $22,572
- Net operating income
- $22,572
- Annual debt service
- $59,817
- Annual cash flow
- -$37,245
- Cash on cash return
- -14.9%
- Down payment
- $249,750
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
- 3
- Bathrooms
- 3
- Building size
- 1,922 sqft
- Lot size
- 5,200 sqft
- Year built
- 1924
- Stories
- 1
- Garage spaces
- 2
- Style
- Bungalow
- Heating
- Central
- Cooling
- Central Air
- Pool
- None
- View
- None
- Status
- Active
- Days on market
- 94
- MLS #
- 244437868
About this property
Welcome to this gorgeous duplex in the heart of Los Angeles (Adams District), just 3 miles from USC. Both units have been completely remodeled from top to bottom, offering nearly 2,000 SQ FT of living space on a 5,2000 SQ FT lot. FRONT HOUSE: A spacious 2-bedroom, 2-bath layout featuring a large master suite with custom shower, and beautiful soaking tub, double-sink vanity, and oversized closet. BACK HOUSE: This has a generously sized bedroom with a large bathroom, oversized living room and spacious kitchen. Both units are thoughtfully renovated with new kitchens, custom cabinetry, Corian countertops, new windows, new high-end laminate flooring and fresh paint inside and out, new central HVAC to include central air. Extra-large covered garage with direct access to both units. Each home features a bright modern open design. Located just 3 miles from USC, which is ideal for student housing offering a strong in-place income and excellent long-term upside potential. Set in a quiet, well kept neighborhood with friendly neighbors who maintain a sense of ownership pride, this is a property that truly speaks for itself. This property will not disappoint, must be seen to appreciate all the attention to details.
Location
2022 W 31st
Los Angeles, Los Angeles, CA, 90018