Est. cap rate

3.5%

Assumed rent, all units

$4,360/mo

Units

2

Price per unit

$375,000

Est. annual NOI

$26,160

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

1,835 sqft

Lot size

4,033 sqft

Year built

1924

Stories

2

Garage spaces

2

Cooling

Wall/Window Unit(s)

Pool

None

View

None

Status

ComingSoon

Days on market

0

MLS #

246517477

About this property

Upgraded 2 Units. Live in 1 unit and rent out the 2nd Unit. This is a rare opportunity to own your own separate rental on the same lot. Each home has 2 bedrooms and 1 bath. This home is currently being updated and will be available soon! New Paint throughout. New Kitchen Cabinets. New appliances and Fixtures. New Flooring. New Bathroom upgrades! You won’t want to miss this gem. This property has a 2-car attached garage and driveway access to uncovered parking spaces for 2 cars in a gated, fenced driveway. Lots of privacy. This updated home is conveniently located near shopping centers, restaurants, hospitals, science centers, parks, bus stops, and downtown LA and the Arts District. The 5 and 101 freeways are nearby for commuting!

Location

1259 Velasco Street

Los Angeles, Los Angeles, CA, 90023