Est. cap rate

1.6%

Assumed rent, all units

$4,600/mo

Units

2

Price per unit

$845,000

Est. annual NOI

$27,600

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

2,610 sqft

Lot size

5,102 sqft

Year built

1917

Stories

2

Garage spaces

3

Style

Bungalow

Heating

Forced Air,Floor Furnace,Central

Cooling

None

Pool

None

View

Neighborhood

Status

Active

Days on market

76

MLS #

245407378

About this property

Looking for 2 units with an abundance of historical charm and character?? This is in a class by itself. The site is zoned R2. The front house is a 2 bedroom, 1 bath with living room, dining room, kitchen and pantry. It does connect to a large addition which can easily have a door installed to make the back house a 2nd unit. The back house has an exceptional living room with river rock fireplace, very high beamed ceilings and an area with plumbing to install a kitchen. The upstairs is a HUGE bedroom with an extremely oversized closet. This space could be easily reconfigured to 2 bedrooms, 2 baths with large closets. Additionally there is an oversized 3 car garage with 2 side doors - it's extra deep and extra tall. You must come to experience the very big upside to this property. See pictures for redesign of 2nd floor primary bedroom to be 2 bedrooms, 2 baths, with lots of storage.

Location

1828 Andreo

Torrance, Los Angeles, CA, 90501