Est. cap rate

4.0%

Assumed rent, all units

$4,480/mo

Units

2

Price per unit

$337,500

Est. annual NOI

$26,880

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

3

Building size

1,324 sqft

Lot size

4,805 sqft

Year built

1907

Stories

1

Garage spaces

2

Cooling

Wall/Window Unit(s)

Pool

None

View

None

Status

Active

Days on market

37

MLS #

246454686

About this property

Back on Market, Buyer got cold feet which opens this Amazing opportunity for you to own a duplex in the heart of Los Angeles! Ideally located within walking distance to the Los Angeles Memorial Coliseum, USC, and BMO Stadium, with convenient freeway access. The front unit features 3 bedrooms and 1.5 bathrooms, a spacious living and dining area, and a generous kitchen with plenty of cabinet space. The second unit offers 1 bedroom, 1 bathroom, a living area, and ample closet space. BONUS OPPORTUNITY! The 2-car garage is currently being converted into an ADU, offering additional living space and potential rental income. With the 2028 Olympic Games coming to Los Angeles and the LA Memorial Coliseum serving as a major Olympic venue just minutes away, the ADU could offer exciting future rental-income potential during one of the biggest international events coming to the city. An extra-long driveway provides plenty of parking, plus a spacious backyard perfect for entertaining and family gatherings. Live in one and rent the others! A fantastic opportunity for an owner-user or investor to generate income and build equity in a prime Los Angeles location. Don’t miss it!

Location

706 W 42nd

Los Angeles, Los Angeles, CA, 90037