Est. cap rate

2.5%

Assumed rent, all units

$7,820/mo

Units

2

Price per unit

$949,975

Est. annual NOI

$46,920

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

4

Bathrooms

3

Building size

2,161 sqft

Lot size

6,002 sqft

Year built

1928

Stories

1

Garage spaces

0

Heating

Fireplace(s)

Cooling

Central Air

Pool

None

View

None

Status

Active

Days on market

21

MLS #

244560842

About this property

Reduced $100,000!!! Motivated Seller!!! . Recently renovated property in the heart of Pico-Robertson! This beautifully updated home features soaring ceilings, new flooring, updated lighting, a remodeled kitchen with newer appliances, central air conditioning, and tastefully renovated bathrooms. Abundant natural light fills the interior, while a private washer and dryer and a charming fenced front yard with a welcoming porch add to the home's comfort and appeal. . Adding to its value is a separate 1-bedroom, 1-bathroom upper-level unit above the garage, currently leased and generating supplemental rental income. The garage is presently being used for storage, providing additional flexibility. . An excellent opportunity for both owner-users and investors, this well-maintained property offers immediate income potential with future upside. The property may be delivered vacant at closing. Zoned R3 with a TOC Tier 3 designation, it presents exceptional potential for future multifamily development (buyer to verify with the City).

Location

8522 S Alcott Street

Los Angeles, Los Angeles, CA, 90035