Est. cap rate

2.9%

Assumed rent, all units

$4,740/mo

Units

2

Price per unit

$487,450

Est. annual NOI

$28,440

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

Building size

2,922 sqft

Lot size

8,962 sqft

Year built

1950

Stories

1

Garage spaces

0

Pool

None

Status

Active

Days on market

54

MLS #

246477464

About this property

PRICE IMPROVEMENT! CASH COW WITH STRONG RENTAL INCOME POTENTIAL! FULLY VACANT AT CLOSE OF ESCROW! This LYNWOOD MULTI-UNIT PROPERTY features TWO DETACHED BUILDINGS with 2,922 SQ FT on an 8,962 SQ FT LOT. Live in one and rent out the others to help cover your mortgage! The owner-occupied FRONT HOUSE offers 5 BEDROOMS / 2 BATHROOMS and will be delivered vacant at closing. The REAR BUILDING offers 4 BEDROOMS / 3 BATHROOMS, currently divided into three living spaces: a vacant 2 BED / 1 BATH, a vacant 1 BED / 1 BATH, and a tenant-occupied studio whose occupant is willing to stay or move depending on buyer(s). Interior divisions are unpermitted. Features include a NEWER ROOF and PARKING FOR 10+ VEHICLES. Eligible for NO PMI FINANCING and UP TO $20,000 IN GRANT ASSISTANCE for qualified owner-occupant buyers, subject to lender First Citizens Bank approval. Conveniently located near schools, shopping, St. Francis Medical Center, Plaza México, and major freeways. GREAT OPPORTUNITY FOR INVESTORS, MULTIGENERATIONAL LIVING, OR BUYERS LOOKING TO BUILD WEALTH THROUGH REAL ESTATE!

Location

3337 Los Flores

Lynwood, Los Angeles, CA, 90262