Est. cap rate

2.9%

Assumed rent, all units

$3,600/mo

Units

2

Price per unit

$375,000

Est. annual NOI

$21,600

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

2,112 sqft

Lot size

4,787 sqft

Year built

1920

Stories

1

Garage spaces

0

Heating

Wall Furnace

Cooling

Wall/Window Unit(s)

Pool

None

Status

Active

Days on market

57

MLS #

246172450

About this property

Attention investors! Don't miss this exceptional income opportunity in Los Angeles. This move-in-ready duplex is a turnkey addition to your portfolio, offering strong cash flow in a market with high housing demand. Both units are in great condition and occupied by great tenants, giving you immediate, reliable rental income from day one. With two separate units, this property offers flexibility to owner-occupy one side while renting the other, or simply sit back and collect income from both. The lot also offers potential for an ADU or additional improvements down the road, subject to buyer verification with the City of Los Angeles, adding long-term upside to an already performing asset. Conveniently located near schools major freeways, public transportation, shopping, and more, this property is well positioned for lasting tenant demand. The surrounding area continues to experience ongoing investment and redevelopment, making this an attractive long-term hold. Don't miss out on this opportunity.

Location

1374 E Vernon

Los Angeles, Los Angeles, CA, 90011