Deal numbers
- Est. cap rate
- 3.1%
- Assumed rent, all units
- $5,760/mo
- Units
- 2
- Price per unit
- $562,500
- Est. annual NOI
- $34,560
- 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
- $65,664
- Operating expenses
- $32,832
- Net operating income
- $32,832
- Annual debt service
- $67,362
- Annual cash flow
- -$34,530
- Cash on cash return
- -12.3%
- Down payment
- $281,250
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
- 6
- Bathrooms
- 4
- Building size
- 3,088 sqft
- Lot size
- 5,402 sqft
- Year built
- 1997
- Stories
- 2
- Garage spaces
- 0
- Cooling
- See Remarks
- Pool
- None
- View
- Neighborhood
- Status
- Active
- Days on market
- 43
- MLS #
- 245681724
About this property
***DELIVERED VACANT*** Excellent duplex opportunity in the heart of Los Angeles! Located at 1503 W. Adams Blvd, this income-producing property features two spacious units, each offering 3 bedrooms and 2 bathrooms. Ideal for an owner-user looking to live in one unit and generate rental income from the other or for an investor seeking a strong income-producing property in a high-demand area. Both units offer generous open-concept living and dining areas, functional kitchens with ample cabinet and countertop space, and well-sized bedrooms. Recent updates include refreshed interior paint, modern neutral finishes, updated lighting, and attractive flooring that creates a bright and inviting feel throughout. The property also features a long driveway leading to four parking spaces and storage shed. Each unit also features its own indoor washer and dryer hookups, providing added comfort and functionality for tenants or owner-occupants. Centrally located with easy access to shopping, dining, schools, parks, public transportation, and major freeways, this property offers convenience and excellent rental appeal. Don't miss this fantastic opportunity to own a versatile duplex in a prime Los Angeles location!
Location
1503 W Adams
Los Angeles, Los Angeles, CA, 90007