Deal numbers
- Est. cap rate
- 3.2%
- Assumed rent, all units
- $3,880/mo
- Units
- 2
- Price per unit
- $365,000
- 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
- $43,710
- Annual cash flow
- -$21,594
- Cash on cash return
- -11.8%
- Down payment
- $182,500
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
- 3
- Building size
- 1,968 sqft
- Lot size
- 5,403 sqft
- Year built
- 1924
- Stories
- 1
- Garage spaces
- 0
- Style
- Cottage
- Heating
- Natural Gas,Wall Furnace
- Cooling
- Wall/Window Unit(s)
- Pool
- None
- View
- None
- Status
- Active
- Days on market
- 59
- MLS #
- 246294644
About this property
Back on market due to buyer's failure to perform. Solid investment opportunity located near the USC campus and Expo/Wester Expo Line station, featuring two 1-bedroom, 1-bathroom units plus an additional small 1-bedroom, 1-bathroom unit. The property includes five rear parking spaces along with convenient access to public transit and local amenities. Currents are on month-to-month contracts. *Buyers and buyers' agent must verify all information herein. ** Photos will be updated soon.
Location
1631 W 38th
Los Angeles, Los Angeles, CA, 90062