Est. cap rate

3.1%

Assumed rent, all units

$5,220/mo

Units

2

Price per unit

$500,000

Est. annual NOI

$31,320

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

2,113 sqft

Lot size

7,128 sqft

Year built

1925

Stories

1

Garage spaces

3

Heating

Combination

Cooling

Central Air,Wall/Window Unit(s)

Pool

None

Status

Active

Days on market

79

MLS #

245506846

About this property

Excellent opportunity to own two separate residences on one lot in an established La Verne neighborhood. This versatile property offers flexible possibilities for rental income, multigenerational living, or owner occupancy with an additional income-producing residence. * 1451 3rd Street features three bedrooms, two bathrooms, and a two-car garage. An inviting front porch adds warmth and charm, creating a welcoming place to relax and enjoy the neighborhood. * 1453 3rd Street offers one bedroom, one bathroom, and an attached one-car garage with convenient direct access from the alley. With separate living spaces, individual garages, and convenient access, this property provides added privacy and flexibility for occupants and investors alike. Ideally located near Downtown La Verne, local shopping, dining, schools, parks, the University of La Verne, and major commuter routes, this is a unique opportunity with strong long-term potential.

Location

1451 ,1455 3rd Street

La Verne, Los Angeles, CA, 91750