Deal numbers
- Est. cap rate
- 2.9%
- Assumed rent, all units
- $5,720/mo
- Units
- 2
- Price per unit
- $587,500
- Est. annual NOI
- $34,320
- 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
- $65,208
- Operating expenses
- $32,604
- Net operating income
- $32,604
- Annual debt service
- $70,356
- Annual cash flow
- -$37,752
- Cash on cash return
- -12.9%
- Down payment
- $293,750
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
- 3
- Building size
- 2,142 sqft
- Lot size
- 7,281 sqft
- Year built
- 1921
- Stories
- 1
- Garage spaces
- 2
- Cooling
- Central Air
- Pool
- None
- View
- City Lights
- Status
- Active
- Days on market
- 23
- MLS #
- 246741697
About this property
Prime Melrose Hill Duplex Opportunity! Discover a versatile income-producing property in one of Los Angeles’ most desirable and centrally located neighborhoods. This duplex features a spacious front residence with 3 bedrooms and 2 bathrooms, plus a separate rear residence offering 1 bedroom and 1 bathroom each with its own one-car garage. Both units are equipped with solar, offering an added benefit for future occupants. The flexible layout creates multiple possibilities: live in one unit while renting the other to help offset your mortgage, accommodate extended family with separate living spaces, or rent both units as an investment property. Located in the sought-after Melrose Hill area of Los Angeles, just minutes from Sunset Boulevard, Hollywood, popular restaurants, entertainment, shopping, and nightlife. Enjoy convenient access to everything that makes central Los Angeles living so desirable. Whether you're an owner occupant, investor, or buyer looking for multi-generational living, this property offers an exceptional combination of location, flexibility, and income potential.
Location
800 N Hobart
Los Angeles, Los Angeles, CA, 90029