Deal numbers
- Est. cap rate
- 1.0%
- Assumed rent, all units
- $4,160/mo
- Units
- 2
- Price per unit
- $1,200,000
- Est. annual NOI
- $24,960
- 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
- $47,424
- Operating expenses
- $23,712
- Net operating income
- $23,712
- Annual debt service
- $143,705
- Annual cash flow
- -$119,993
- Cash on cash return
- -20.0%
- Down payment
- $600,000
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
- 3,224 sqft
- Lot size
- 22,421 sqft
- Year built
- 1929
- Stories
- 2
- Garage spaces
- 4
- Pool
- None
- Status
- Active
- Days on market
- 34
- MLS #
- 245931299
About this property
Exceptional multifamily opportunity with two parcels! Welcome to 12407 Elliott Ave. in El Monte, a rare investment opportunity featuring two homes on a spacious lot plus an additional parcel included in the sale, offering endless possibilities for investors, owner, occupants, developers, or multigenerational living. The front home features 3 bedrooms and 2 bathrooms, while the rear home offers 2 bedrooms and 1 bathroom, making this property ideal for rental income, extended family, or living in one home while renting the other. Situated on an oversize lot of 22,421 sq ft, this property also includes a second parcel of approximately 7447 sq ft, creating a combined land opportunity that’s hard to find in today’s market. Buyers are encouraged to verify with the city of El Monte the potential uses and development opportunities for the property and additional parcel. Ideally located in a well established neighborhood you’ll enjoy convenient access to the 10, 605 and 60 freeways, making commuting throughout Southern California, a breeze. The property is just minutes from shopping, dining and everyday convenience. The property is also close to schools, parks, public transportation, the El Monte Metrolink station and medical facilities. Organization.
Location
12407 Elliott Ave
El Monte, Los Angeles, CA, 91732