Deal numbers
- Est. cap rate
- 1.7%
- Assumed rent, all units
- $4,900/mo
- Units
- 2
- Price per unit
- $849,000
- Est. annual NOI
- $29,400
- 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
- $55,860
- Operating expenses
- $27,930
- Net operating income
- $27,930
- Annual debt service
- $101,672
- Annual cash flow
- -$73,742
- Cash on cash return
- -17.4%
- Down payment
- $424,500
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
- 4,930 sqft
- Lot size
- 5,001 sqft
- Year built
- 2017
- Stories
- 2
- Garage spaces
- 2
- Pool
- None
- Status
- Active
- Days on market
- 1
- MLS #
- 245365992
About this property
BUILT IN 2017, THIS TURNKEY DUPLEX IS NOT SUBJECT TO RENT CONTROL!! A MASSIVE DUPLEX FEATURING TWO UNITS - ONE WITH 5 BEDROOMS, 3 BATHS AND THE OTHER WITH 4 BEDROOMS, 3 BATHS WITH 6 (SIX!) TOTAL PARKING SPACES. LOCATED IN THE UP AND COMING NEIGHBORHOOD OF SAN PEDRO, STEPS AWAY FROM THE WEST HARBOR DEVELOPMENT (WWW.WESTHARBORLA.COM), A 42 ACRE WATERFRONTDISTRICT WITH AN OUTDOOR AMPHITHEATER AND UPSCALE SHOPPING, DINING, AND HOTELS. THIS PROPERTY HAS SCENIC VIEWS OF THE OCEAN AND THE HARBOR. BOTH UNITS ARE LEASED. THIS IS A SOLID PROPERTY FOR INVESTORS.
Location
424 W 2nd
San Pedro, Los Angeles, CA, 90012