Deal numbers
- Est. cap rate
- 3.4%
- Assumed rent, all units
- $3,660/mo
- Units
- 2
- Price per unit
- $325,000
- Est. annual NOI
- $21,960
- 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
- $41,724
- Operating expenses
- $20,862
- Net operating income
- $20,862
- Annual debt service
- $38,920
- Annual cash flow
- -$18,058
- Cash on cash return
- -11.1%
- Down payment
- $162,500
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
- 1,370 sqft
- Lot size
- 4,581 sqft
- Year built
- 1924
- Stories
- 1
- Garage spaces
- 1
- Pool
- None
- View
- None
- Status
- Active
- Days on market
- 34
- MLS #
- 245950274
About this property
**Exceptional DUPLEX Investment Opportunity in the heart of Los Angeles ** 947 W 60th St is a DUPLEX that is being sold together with 949 W 60th , the unit adjacent to it . Unlock the potential of this well-positioned duplex in the heart of Los Angeles.This property offers plenty of backyard space with potential to build an ADU in the back (Buyer to verify with the City).This income-generating property presents a rare opportunity for investors seeking strong rental demand and long-term appreciation. This property is eligible for both Residential and Commercial financing . Property comes with tenants ,All are Section 8 - Ensuring Reliable Rental Income!! Each unit offers functional layouts with comfortable living areas, making them highly attractive to tenants in this consistently sought-after rental market. Whether you’re expanding your portfolio or entering the multi-family space, this property provides immediate income potential with room to enhance returns through strategic upgrades and rental optimization. Situated on a residential street with convenient access to major freeways, public transportation, shopping, and employment hubs, the location supports stable occupancy and long-term tenant appeal. The South Los Angeles market continues to see steady growth, making this an ideal asset for both cash flow and appreciation. Don’t miss this chance to secure a versatile, income-producing property in one of Los Angeles’ high-demand rental corridors.
Location
947 W 60th
Los Angeles, Los Angeles, CA, 90044