Deal numbers
- Est. cap rate
- 3.2%
- Assumed rent, all units
- $4,300/mo
- Units
- 2
- Price per unit
- $397,500
- Est. annual NOI
- $25,800
- 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
- $49,020
- Operating expenses
- $24,510
- Net operating income
- $24,510
- Annual debt service
- $47,602
- Annual cash flow
- -$23,092
- Cash on cash return
- -11.6%
- Down payment
- $198,750
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
- 4
- Bathrooms
- 2
- Building size
- 1,488 sqft
- Lot size
- 5,219 sqft
- Year built
- 1964
- Stories
- 1
- Garage spaces
- 1
- Style
- Craftsman
- Heating
- Wall Furnace
- Cooling
- None
- Pool
- None
- View
- None
- Status
- Active
- Days on market
- 1
- MLS #
- 245738691
About this property
PLEASE DO NOT DISTURB TENANTS. 344-342 E 81st St, Los Angeles Ca 90003 Duplex. Excellent opportunity to own a duplex in Los Angeles featuring two separate residential units plus a detached one-car garage at the rear of the property. The front unit offers 2 bedrooms and 1 bathroom, and the second unit also features 2 bedrooms and 1 bathroom. Both units are currently tenant occupied, providing an attractive opportunity for investors seeking an income-producing property. The property offers a long driveway with access from E 81st Street, extending to the rear of the lot and detached garage. The driveway provides parking for approximately 3+ vehicles, with additional space in the rear yard for approximately 2+ vehicles. Convenient rear alley access provides an additional point of entry to the property. This versatile property may appeal to investors, future owner-occupants, or buyers looking for a multi-unit property with excellent parking and separate living spaces. Both units are currently rented. Please do not disturb or contact tenants. Financial information will be provided upon submission and acceptance of an offer. Submit offers contingent upon interior inspection. Buyer and buyer’s agent to independently verify all property information, permits, square footage, unit configuration, parking, zoning, and potential uses.
Location
344 E 81st Street
Los Angeles, Los Angeles, CA, 90003