Deal numbers
- Est. cap rate
- 2.1%
- Assumed rent, all units
- $6,080/mo
- Units
- 2
- Price per unit
- $850,000
- Est. annual NOI
- $36,480
- 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
- $69,312
- Operating expenses
- $34,656
- Net operating income
- $34,656
- Annual debt service
- $101,791
- Annual cash flow
- -$67,135
- Cash on cash return
- -15.8%
- Down payment
- $425,000
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
- 8
- Bathrooms
- 5
- Building size
- 3,117 sqft
- Lot size
- 5,401 sqft
- Year built
- 2016
- Stories
- 2
- Garage spaces
- 3
- Heating
- Central
- Cooling
- Central Air
- Pool
- None
- View
- None
- Status
- Active
- Days on market
- 17
- MLS #
- 245475484
About this property
Exceptional Multi-Family Investment Opportunity! Welcome to 426 E. 59th Place, Los Angeles, a well-maintained multi-family property offering approximately 3,117 square feet of living space with 8 bedrooms and 5 bathrooms on a 5,401 sq. ft. lot. Built in 2016, this income-producing property presents an excellent opportunity for investors or owner-occupants seeking strong rental potential. Conveniently located near major freeways, public transportation, schools, parks, shopping, dining, and Downtown Los Angeles, the property provides easy access to employment centers and everyday amenities. Its central location makes it an attractive option for tenants while offering long-term investment potential in one of Los Angeles’ established neighborhoods. Whether you’re looking to expand your real estate portfolio or secure a quality multi-unit property with excellent upside, 426 E. 59th Place is an opportunity you won’t want to miss. Buyer to independently verify all information, including but not limited to square footage, permits, zoning, rental income, and property condition. Property is being sold AS IS with no warranties or guarantees, expressed or implied.
Location
426 E 59th
Los Angeles, Los Angeles, CA, 90003