Est. cap rate

3.2%

Assumed rent, all units

$5,860/mo

Units

2

Price per unit

$550,000

Est. annual NOI

$35,160

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

3

Bathrooms

3

Building size

1,476 sqft

Lot size

2,503 sqft

Year built

1923

Stories

2

Garage spaces

0

Cooling

See Remarks

Pool

None

View

Mountain(s),Trees/Woods,Hills

Status

Active

Days on market

72

MLS #

245271340

About this property

Calling All Cash Investors – Laurel Canyon Diamond in the Rough! Here's your chance to create something special in Laurel Canyon. This double-lot, street-to-street terraced property is full of potential and ready for the right investor to bring it to life. The main home offers 2 bedrooms and 2 bathrooms. Downstairs, you'll find a legal apartment with its own private entrance, kitchen, and bathroom — perfect for rental income or multi-generational living. The property was already in the process of being converted into one single home, giving you a head start on your vision. This is a cash-only sale, sold as-is/where is. Bring your contractor, bring your imagination, and turn this Laurel Canyon gem into your next great project.

Location

8709 Lookout Mountain

Los Angeles, Los Angeles, CA, 90046