Deal numbers
- Est. cap rate
- 2.6%
- Assumed rent, all units
- $3,880/mo
- Units
- 2
- Price per unit
- $449,500
- Est. annual NOI
- $23,280
- 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
- $44,232
- Operating expenses
- $22,116
- Net operating income
- $22,116
- Annual debt service
- $53,830
- Annual cash flow
- -$31,714
- Cash on cash return
- -14.1%
- Down payment
- $224,750
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
- 2,102 sqft
- Lot size
- 6,323 sqft
- Year built
- 1922
- Stories
- 1
- Garage spaces
- 0
- Style
- Spanish
- Heating
- Ductless
- Cooling
- Ductless
- Pool
- None
- View
- None
- Status
- Active
- Days on market
- 59
- MLS #
- 246068981
About this property
Welcome to 5604 S Manhattan Place, a fantastic duplex in Los Angeles! Live in the updated 2-bedroom, 2.5-bathroom primary unit (~1,425 sq ft) with modern Samsung appliances while earning rental income from the tenant-occupied 1-bedroom, 1-bathroom unit (~677 sq ft). It is a smart choice for first-time buyers especially if you're looking to assume the below 3 percent FHA mortgage! Property Highlights Primary Unit: 2 bedrooms, 2.5 baths, approx. 1,425 sq ft, featuring modern updates and sleek Samsung appliances. Income Unit: 1 bedroom, 1 bath, approx. 677 sq ft, currently tenant-occupied to help offset your mortgage. Investment Potential: Ideal house-hack opportunity to live in one and rent out the other. Prime Location: Easy access to major freeways (I-10 and I-110), minutes from the University of Southern California (USC), and a short drive to SoFi Stadium in Inglewood. Surrounding Attractions SoFi Stadium & Hollywood Park: Catch major concerts, NFL games, and entertainment just minutes down the road. Downtown Los Angeles (DTLA): Explore world-class dining, shopping, and cultural landmarks like The Broad and Grand Central Market. Exposition Park: Home to the California Science Center, the Natural History Museum, and BMO Stadium. Koreatown: Enjoy famous food spots, vibrant nightlife, and cafes only a short drive north.
Location
5604 S Manhattan Place
Los Angeles, Los Angeles, CA, 90062