Est. cap rate

3.8%

Assumed rent, all units

$5,240/mo

Units

2

Price per unit

$409,549

Est. annual NOI

$31,440

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

2

Building size

1,494 sqft

Lot size

7,502 sqft

Year built

1957

Stories

1

Garage spaces

2

Cooling

Wall/Window Unit(s)

Pool

None

View

Neighborhood

Status

Active

Days on market

58

MLS #

245463595

About this property

MOTIVATED SELLER! Excellent investment opportunity featuring two detached residences on one lot in the heart of Paramount. This well-maintained duplex offers strong rental income potential with separate living spaces and desirable amenities. The front residence (15349) features 2 bedrooms, 1 full bathroom, a comfortable living room, an updated kitchen with granite countertops, newer cabinetry, sink faucet, flooring, and fresh paint. The remodeled bathroom includes a newer vanity, toilet, tub with ceramic tile surround, updated plumbing, and fresh paint. Additional highlights include wall-mounted air conditioning units in the bedrooms, two steel security doors, a detached garage, a 3-car driveway, a fenced front yard, a small private backyard, and a composition shingle roof replaced approximately three years ago. The rear residence (15347) offers a spacious living room, 2 bedrooms with individual wall-mounted air conditioning units, 1 full bathroom with updated vanity, toilet, and tub with tiled surround, and an upgraded kitchen featuring granite countertops, newer cabinetry, and vinyl tile flooring throughout the home. Additional features include an attached garage, an expansive 5-car driveway, a large front yard and oversized backyard, a newer composition shingle roof installed approximately three years ago, and a newer water heater. Washer and dryer are included. Both residences have been thoughtfully updated and are currently producing rental income, making this an ideal opportunity for investors or owner-users seeking supplemental income. Conveniently located near schools, shopping, dining, parks, and major transportation corridors with easy access to nearby freeways.

Location

15347 Virginia Avenue

Paramount, Los Angeles, CA, 90723