Deal numbers
- Est. cap rate
- 2.6%
- Assumed rent, all units
- $3,440/mo
- Units
- 2
- Price per unit
- $397,500
- Est. annual NOI
- $20,640
- 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
- $39,216
- Operating expenses
- $19,608
- Net operating income
- $19,608
- Annual debt service
- $47,602
- Annual cash flow
- -$27,994
- Cash on cash return
- -14.1%
- 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
- 2
- Building size
- 1,488 sqft
- Lot size
- 5,219 sqft
- Year built
- 1964
- Stories
- 1
- Garage spaces
- 1
- Style
- Craftsman
- Heating
- Ductless
- Cooling
- None
- Pool
- None
- View
- None
- Status
- Active
- Days on market
- 3
- MLS #
- 245775719
About this property
Excellent Income-Producing Duplex Opportunity in Los Angeles! Welcome to 342–344 E 81st St, a fully occupied duplex featuring two separate 2-bedroom, 1-bath residences. With consistent occupancy and no vacancy since 2018, this property offers an attractive opportunity for investors seeking rental income or buyers looking to live in one unit while generating income from the other. The front residence features granite countertops, an updated kitchen, and laminate flooring. The second residence also offers laminate flooring throughout the main living areas, with a more traditional-style kitchen and tile flooring—providing an opportunity for a simple cosmetic update to add value.Both units are currently tenant occupied, offering immediate rental income. The property is situated in an established residential neighborhood with convenient access to surrounding Los Angeles employment, shopping, dining, schools, and transportation. Ideal for an investor looking to add a cash-flowing property to their portfolio, multigenerational living, or a future owner-occupant who wants the benefit of rental income from the second unit. Please do not disturb tenants. Property to be shown with an accepted offer. Financial information available upon request.
Location
342 E 81st
Los Angeles, Los Angeles, CA, 90003