Est. cap rate

2.7%

Assumed rent, all units

$4,440/mo

Units

2

Price per unit

$497,500

Est. annual NOI

$26,640

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

2

Building size

2,254 sqft

Lot size

5,241 sqft

Year built

1909

Stories

1

Garage spaces

0

Heating

Wall Furnace

Cooling

None

Pool

None

Status

Active

Days on market

8

MLS #

246736217

About this property

Excellent Investment & Renovation Opportunity! This two-unit property offers a great opportunity for an owner-occupant or investor. Live in one unit while renting the other, or utilize both units as income-producing properties. The rear home features 3 bedrooms and 2 bathrooms, while the front unit offers 2 bedrooms and 1 bathroom. The property is a fixer-upper in need of renovation and improvements, providing an opportunity for the right buyer to bring their vision and personal touch. With its two separate living units and potential for improvements, this property offers plenty of possibilities. Don’t miss this opportunity to create value and make this property your next investment!

Location

3311 Alice

Los Angeles, Los Angeles, CA, 90065