Deal numbers
- Est. cap rate
- 2.9%
- Assumed rent, all units
- $3,800/mo
- Units
- 2
- Price per unit
- $400,000
- Est. annual NOI
- $22,800
- 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.
- Effective gross income
- $43,320
- Operating expenses
- $21,660
- Net operating income
- $21,660
- Annual debt service
- $47,902
- Annual cash flow
- -$26,242
- Cash on cash return
- -13.1%
- Down payment
- $200,000
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
- 2
- Building size
- 1,468 sqft
- Lot size
- 4,801 sqft
- Year built
- 1925
- Stories
- 2
- Garage spaces
- 2
- Pool
- None
- Status
- Active
- Days on market
- 1
- MLS #
- 246607256
About this property
**INVESTMENT OPPORTUNITY WITH INCOME POTENTIAL!** Welcome to 2914 W 59th Street, a versatile two-unit property offering an excellent opportunity for an owner-occupant, multigenerational household, or investor. **Live in one unit and rent out the other** to help offset your monthly housing expenses while building long-term equity. The property's two-unit configuration provides flexibility for a variety of living and investment strategies. Located in the Hyde Park/Park Mesa Heights area of Los Angeles, the property offers convenient access to shopping, dining, transportation, major freeways, and surrounding Los Angeles communities. Adding even more potential, the existing garage may provide an opportunity for future development or conversion into a **Junior ADU(s), subject to applicable City of Los Angeles requirements, permits, zoning, and approvals**. Buyers are encouraged to independently verify development potential with the appropriate city departments. Whether you're looking to house-hack, accommodate extended family, generate rental income, or expand your investment portfolio, this property offers **multiple possibilities in one of Los Angeles' established neighborhoods.** **Don't miss the opportunity to explore the potential of this unique two-unit property!**
Location
2914 W 59th
Los Angeles, Los Angeles, CA, 90043