Est. cap rate

2.0%

Assumed rent, all units

$4,240/mo

Units

2

Price per unit

$625,000

Est. annual NOI

$25,440

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

2,128 sqft

Lot size

8,497 sqft

Year built

1963

Stories

1

Garage spaces

2

Style

Ranch

Heating

Natural Gas

Cooling

Central Air

Pool

None

View

None

Status

Active

Days on market

60

MLS #

245900723

About this property

Welcome to this beautiful duplex in Alhambra. This corner lot offers two detached single family house with its own individual entrance. Front house offers 3 beds 1.5 baths with an opened patio that you will love to entertain your family and friends. The back house offers a large 1 bed 1 bath with it own entrance and no shared walls. It is a perfect set up for someone that wants to occupy one of the unit and lease out the other unit for rental income. Both units offer double pane windows, individual central a/c, kitchen quart counter top, individual laundry hook up, large patio in the backyard to have family and friends over for gathering. Great location, conveniently across street from City of Monterey Park. Just a few steps to Atlantic Times Square with plenty of variety of restaurants, retails stores, AMC movie theater and 24 hours fitness. Marriott Hotel is at the south west corner of Atlantic Blvd and Hellman, mins to supermarkets, banks and public transportation. Close to Garfield Hospital and Mark Keppel High School. Easy access to 10 / 710 fwy. 2 electrical meters, 2 gas meters, 1 water meter. 2 car garage with extra large approach driveway for 3 to 4 cars off the street parking. Property is currently zoned as Residential Low Density, with the current existing two units, potential expansion or garage ADU conversion with the City of Alhambra. Please check with Alhambra City Planning Division for more clarification. Lastly, the property is 10 miles away from Downtown Los Angeles, Cal State Los Angeles, Los Angeles General Medical Center, University of Southern California Health and Science Campus, come and see for yourself.

Location

723 W Hellman

Alhambra, Los Angeles, CA, 91803