Est. cap rate

4.1%

Assumed rent, all units

$4,820/mo

Units

2

Price per unit

$349,500

Est. annual NOI

$28,920

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

1,776 sqft

Lot size

6,981 sqft

Year built

1948

Stories

1

Garage spaces

2

Cooling

None

Pool

None

View

None

Status

Active

Days on market

3

MLS #

246480946

About this property

Location Location Location!! Introducing 1648 W 85th Street a rare opportunity to own. This property is ready for some TLC. Fixer upper, Investors, or Owner Occupants with a vision. Full of potential and ready for your personal touch, endless possibilities. This 1948 gem offers room to grow and is perfectly positioned in Los Angeles. Has a generous gross living area space of 1776 sq ft. sits on a spacious 6,981sq ft lot. This duplex offers ample space, common for two 2-bedroom layout 1-bathroom, laundry area off kitchen, zoning LARD2 allowing for creative renovations and expansions. Step outside to a 2-car detached garage or future ADU potential (buyer to verify). Lots of street parking. Located just minutes from the rapidly developing Inglewood entertainment district, Sofi Stadium, Intuit Dome, Kia Forum, IMAX Cinepolis and YouTube Theater. With easy access to shopping and dining, LAX, Beaches, Downtown LA and major Freeways. Priced to sell, A must see! Inquire schedule your private tour today. Sold AS-IS. Units will be delivered vacant. Don't miss it!

Location

1648 W 85th

Los Angeles, Los Angeles, CA, 90047