Est. cap rate

3.8%

Assumed rent, all units

$4,540/mo

Units

2

Price per unit

$355,000

Est. annual NOI

$27,240

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

5

Bathrooms

3

Building size

2,012 sqft

Lot size

7,003 sqft

Year built

1930

Stories

1

Garage spaces

2

Cooling

Electric

Pool

None

View

Mountain(s)

Status

Active

Days on market

27

MLS #

246604067

About this property

*DUPLEX IN THE HEART OF EAST LOS ANGELES – VALUE-ADD OPPORTUNITY!* Excellent opportunity for an investor, contractor, or owner-user! Unit 1 offers approximately 1,200 sq. ft. with 3 bedrooms, 1.5 baths, laundry room, and a detached 2-car garage. Unit 1 will be sold tenant occupied. Unit 2 is approximately 812 sq. ft., was formerly used as a storefront and is currently used for storage. It will be delivered empty at close of escrow, creating a rare blank canvas for a buyer ready to reimagine the space. Unit 2 is a true fixer with tremendous potential. The property may also offer potential for an ADU and JADU in the rear, providing an opportunity to maximize the lot and potentially create additional living space or rental income, subject to applicable approvals. Property will NOT qualify for FHA due to Unit 2 condition. Conveniently located in the heart of East L.A. near shopping, dining, transportation and major freeways. **PROPERTY SOLD AS-IS. Seller will not make repairs or provide credits for repairs. Buyer to independently verify all information, including square footage, bedroom/bath count, current and prior uses, permits, zoning, ADU/JADU feasibility and development potential with the appropriate governmental agencies. *DO NOT DISTURB OCCUPANTS. BY APPOINTMENT ONLY! INTERESTED BUYERS MUST BE PRE-APPROVED PRIOR TO SCHEDULING AN APPOINTMENT.*

Location

435 S Mcdonnell

Los Angeles, Los Angeles, CA, 90022