Deal numbers
- Est. cap rate
- 3.2%
- Assumed rent, all units
- $4,280/mo
- Units
- 2
- Price per unit
- $399,950
- Est. annual NOI
- $25,680
- 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
- $48,792
- Operating expenses
- $24,396
- Net operating income
- $24,396
- Annual debt service
- $47,896
- Annual cash flow
- -$23,500
- Cash on cash return
- -11.8%
- Down payment
- $199,975
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
- 1,692 sqft
- Lot size
- 5,121 sqft
- Year built
- 1922
- Stories
- 1
- Garage spaces
- 2
- Cooling
- None
- Pool
- None
- View
- Neighborhood
- Status
- Active
- Days on market
- 67
- MLS #
- 245635573
About this property
Prime Point Fermin Duplex, Fully Vacant with Excellent Potential! Discover this rare opportunity to own a fully Vacant Duplex in the highly desirable Point Fermin Neighborhood of San Pedro. The Property features 2 Separate Units: a spacious 2 Bedroom, 1 Bath Unit & a 1 Bedroom, 1 Bath Unit, each with its own Laundry Room & dedicated Gas Meter. A detached Garage with Alley Access provides convenient Parking and offers potential for additional development, including a possible 3rd Unit (Buyer to verify all Development possibilities with the City). The Property’s Prime Location is just minutes from Cabrillo Beach, Point Fermin Park, The Coast, 22nd Street Landing, local Breweries, and San Pedro’s exciting Waterfront Revitalization. Enjoy close proximity to the upcoming $500 Million West Harbor Waterfront Development and the new San Pedro Waterfront Amphitheater Project. With both Units delivered Vacant, this Property offers flexibility for an owner occupants, investors, or buyers looking to maximize its rental potential. A unique opportunity in one of San Pedro’s most sought after Coastal Neighborhoods!
Location
440 W 22nd Street
San Pedro, Los Angeles, CA, 90731