Deal numbers
- Est. cap rate
- 3.6%
- Assumed rent, all units
- $3,640/mo
- Units
- 2
- Price per unit
- $300,000
- Est. annual NOI
- $21,840
- 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
- $41,496
- Operating expenses
- $20,748
- Net operating income
- $20,748
- Annual debt service
- $35,926
- Annual cash flow
- -$15,178
- Cash on cash return
- -10.1%
- Down payment
- $150,000
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
- 2
- Building size
- 1,386 sqft
- Lot size
- 2,961 sqft
- Year built
- 1924
- Stories
- 1
- Garage spaces
- 0
- Pool
- None
- View
- None
- Status
- Active
- Days on market
- 1
- MLS #
- 245501715
About this property
Outstanding value-add duplex in a prime Central Los Angeles location, conveniently situated just west of the 101 Freeway and south of the 10 Freeway. This well-maintained, master-metered property is in excellent condition, offering investors the rare combination of immediate income and long-term upside. The rear unit is a spacious 2-bedroom residence featuring a large private patio—an attractive amenity that enhances tenant appeal and outdoor living. The front unit offers a flexible floor plan that can easily function as a 2-bedroom, creating additional rental potential and maximizing income opportunities. Whether you're looking to capitalize on future rental growth, optimize the existing unit configuration, or simply acquire a turnkey asset in a high-demand rental market, this property checks all the boxes. Located just minutes from Downtown Los Angeles, USC, Koreatown, public transportation, shopping, dining, and major employment centers, it benefits from strong and consistent tenant demand. A well-cared-for investment with exceptional upside—don't miss this opportunity to add a quality Los Angeles income property to your portfolio.
Location
1701 E 3rd Street
Los Angeles, Los Angeles, CA, 90033