Est. cap rate

3.4%

Assumed rent, all units

$4,280/mo

Units

2

Price per unit

$379,500

Est. annual NOI

$25,680

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

Building size

1,670 sqft

Lot size

5,000 sqft

Year built

1964

Stories

1

Garage spaces

2

Pool

None

Status

Active

Days on market

71

MLS #

245368945

About this property

Excellent San Pedro investment opportunity featuring two detached 2-bedroom/1-bath homes on a 5,000 SF lot. Each unit has its own garage, providing privacy and strong tenant appeal. One unit was recently fully renovated with high-end finishes and rented for $2,795 per month, while the second is occupied by a long-term tenant paying $1,491 per month, offering stable income with significant rental upside. Both homes are in excellent condition and include tankless water heaters, washer / dryer hookups, private yards... Ideally located near Downtown San Pedro, the LA Waterfront, and the West Harbor development in a high-demand coastal rental market with limited multifamily inventory.

Location

524 W 2nd

San Pedro, Los Angeles, CA, 90731