Deal numbers
- Est. cap rate
- 2.1%
- Assumed rent, all units
- $5,000/mo
- Units
- 2
- Price per unit
- $699,000
- Est. annual NOI
- $30,000
- 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
- $57,000
- Operating expenses
- $28,500
- Net operating income
- $28,500
- Annual debt service
- $83,708
- Annual cash flow
- -$55,208
- Cash on cash return
- -15.8%
- Down payment
- $349,500
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
- 3
- Bathrooms
- 1
- Building size
- 1,746 sqft
- Lot size
- 6,754 sqft
- Year built
- 1923
- Stories
- 1
- Garage spaces
- 2
- Cooling
- None
- Pool
- None
- View
- None
- Status
- Active
- Days on market
- 17
- MLS #
- 246663359
About this property
Excellent opportunity to own a VACANT DUPLEX at 3421 Larga Ave in the desirable 90039 area of Northeast Los Angeles! Both units will be delivered vacant, offering an exceptional opportunity for an owner-user, investor, or buyer looking for a flexible multi-unit property. The front unit features 2 bedrooms and 1 bathroom, while the rear unit offers 1 bedroom and 1 bathroom. With both residences vacant, the new owner has the flexibility to occupy one unit and lease the other, accommodate extended living arrangements, or lease both units at current market rates, subject to applicable laws and regulations. Ideally positioned near Atwater Village, Glassell Park, Silver Lake, the Los Angeles River, local dining, shopping, recreation, and major transportation routes. This central Northeast Los Angeles location provides convenient access to many of the area's popular destinations. Whether you're searching for an owner-user opportunity or looking to add a duplex to your investment portfolio, 3421 Larga Ave offers versatility, income potential, and an attractive Los Angeles location. Two units, delivered vacant and ready for their next chapter! Buyer and buyer’s agent are advised to independently verify all information, including but not limited to unit count, bedroom/bathroom count, square footage, lot size, rental potential, permits, zoning, and property use with the appropriate agencies.
Location
3421 Larga
Los Angeles, Los Angeles, CA, 90039