Est. cap rate

4.3%

Assumed rent, all units

$4,300/mo

Units

2

Price per unit

$300,000

Est. annual NOI

$25,800

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

4

Bathrooms

2

Building size

1,256 sqft

Lot size

5,072 sqft

Year built

1925

Stories

1

Garage spaces

2

Heating

Wall Furnace

Cooling

Wall/Window Unit(s)

Pool

None

View

Neighborhood

Status

Active

Days on market

42

MLS #

246336399

About this property

This property is being presented as two (2) Units on a lot with their own address. The property was Listed on an Auction website for sale at a reduced price; it has been removed from the site. The property is now being sold as a standard sale. This is an opportunity to purchase a Duplex and not have to convert the garage into an ADU. There are two houses on the lot, the front home will be delivered vacant, and the back Unit will be delivered with the tenants in place. The property profile indicated that there are 5 beds / 2 baths, but the Front unit is 3 beds / 1 bath, and the back unit is 1 bed / 1 bath, buyer should do their own due diligence for the bed/ bath count. There is a detached two (2) car garage, which both tenants shared. There is a driveway along the side of the building which provides tandem parking for the occupant. Each unit has its own enclosed back yard space. Both Unit have their own hot water heater, and both units share one (1) electrical meter. The front unit has been updated; the back unit has not. The front Unit has been painted in the interior, new window blinds have been installed, new flooring, new lights & outlets, and closet doors have been installed as well. The Kitchen and Bathrooms have been updated with new cabinets, vanity, countertops and fixtures. The property is completely fenced in with redwood and chain-link fencing. This is a great opportunity for value-added owner-occupants, Investors and individuals looking for 1031 exchange investment. This is a must-see property.

Location

243 E 82nd

Los Angeles, Los Angeles, CA, 90003