Est. cap rate

2.3%

Assumed rent, all units

$4,580/mo

Units

2

Price per unit

$597,500

Est. annual NOI

$27,480

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

Building size

1,669 sqft

Lot size

6,094 sqft

Year built

1948

Garage spaces

2

Style

Traditional

Heating

Wall Furnace

Cooling

Central Air

View

None

Status

Active

Days on market

59

MLS #

246513450

About this property

PRICE ADJUSTMENTNOW UNDER $1.2 MILLION! Beautifully maintained Downey duplex offering flexibility, privacy and investment potential. Two detached 2-bedroom, 1-bath residences offer approximately 1,664 sq. ft. of combined living space on a 6,094 sq. ft. lot. Live in one home and rent the other, or enjoy space for extended family. The front residence features central air conditioning; the freshly painted rear residence has a wall heater. Both water heaters were recently replaced, and each unit has separate gas and electric meters. Enjoy a private outdoor retreat with pergola seating and a peaceful water feature. Additional amenities include a separate laundry room, detached 2-car garage and approximately 90-foot driveway with tandem parking. Located in an established neighborhood served by Downey Unified School District. Seller is motivated schedule your private tour today!

Location

8412 Cleta Street

Downey, Los Angeles, CA, 90241