Est. cap rate

3.2%

Assumed rent, all units

$5,520/mo

Units

2

Price per unit

$520,000

Est. annual NOI

$33,120

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

3

Bathrooms

2

Building size

2,278 sqft

Lot size

6,883 sqft

Year built

1940

Stories

2

Garage spaces

4

Cooling

Electric

Pool

None

View

None

Status

Active

Days on market

7

MLS #

246307514

About this property

Prime development opportunity in a highly convenient Los Angeles location, R3 Zoning, just a short walk from Kaiser Permanente Hospital and Children’s Hospital Los Angeles. The property is also surrounded by a variety of restaurants, grocery stores, cafes, and everyday amenities, offering excellent convenience and strong rental demand. For developers, this property presents an exceptional opportunity with potential for approximately 53 units, subject to buyer verification and all applicable zoning, permitting, and development requirements. A rare opportunity to develop in a well-located area with close proximity to major medical centers and essential amenities. No repairs will be made from Seller. All information is deemed reliable but not guaranteed. Buyer and buyer’s representatives are responsible for independently verifying all information, including zoning, permits, development potential, unit count, and property details.

Location

1307 N Kenmore

Los Angeles, Los Angeles, CA, 90027