Est. cap rate

1.7%

Assumed rent, all units

$3,620/mo

Units

2

Price per unit

$650,000

Est. annual NOI

$21,720

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

2,050 sqft

Lot size

22,372 sqft

Year built

1925

Stories

2

Garage spaces

1

Pool

None

Status

Active

Days on market

24

MLS #

245849171

About this property

Excellent Duplex Opportunity Near Downtown Los Angeles! We are pleased to present this unique duplex opportunity in an up-and-coming area near Downtown Los Angeles. The property features two separate 2-bedroom, 1-bathroom units, offering an excellent opportunity for an owner-user, extended family, or investor. The main unit is located on the first floor and features 2 bedrooms and 1 bathroom, while the lower unit also offers 2 bedrooms and 1 bathroom. Both units enjoy beautiful elevated views of the surrounding area. The property also includes a garage that has been converted into an additional 1-bedroom, 1-bathroom space with exterior access only. Buyer to independently verify the permits, legality, and permitted use of this conversion with the appropriate city and county departments. Situated on a **large lot**, the property offers tremendous potential for those looking to explore future improvements or development opportunities, subject to zoning, permits, and applicable city requirements. Whether you're looking for additional rental income, a property for a large or extended family, or an investment with future potential, this property is worth exploring. Conveniently located near Downtown Los Angeles, Chinatown, Koreatown, Dodger Stadium, Lincoln Park, museums, California State University, and East Los Angeles College. The property also offers easy access to nearby communities including Pasadena, Alhambra, San Marino, Monterey Park, and San Gabriel. With its spacious lot, multiple living spaces, views, and convenient location, this property presents a unique opportunity to create something special in Los Angeles. Don't miss the chance to explore the possibilities this property has to offer. Schedule your private showing today! Both Units will be delivered Vacant

Location

3073 Chadwick

Los Angeles, Los Angeles, CA, 90032