Est. cap rate

2.5%

Assumed rent, all units

$4,620/mo

Units

2

Price per unit

$561,000

Est. annual NOI

$27,720

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

3,518 sqft

Lot size

6,910 sqft

Year built

1934

Stories

2

Garage spaces

2

Heating

Wall Furnace

Cooling

None

Pool

None

Status

Active

Days on market

36

MLS #

246786315

About this property

SELLER WANTS IT SOLD!! All reasonable offers will be presented with full proof of funds/preapproval. Opportunity is knocking! Gorgeous, quaint, charming, elegant... Art Deco meets Spanish style! Walk back in time to the amazing architecture of the 1930s. Duplex has two identical units, one upstairs, one downstairs. Downstairs has a quaint patio area. Both units are very similar: high ceilings and lots of architectural details: a formal foyer with its own quaint built-in desk, a large formal living room with fireplace, a formal dining room, a breakfast room off the kitchen, and its own laundry room. Upstairs has an extra room that is being used as an office. Garages are at the back of the property with newer garage doors. New water heater in downstairs unit, upgraded electrical panel, new fence in front yard. Located off San Vincent and Wet of La rea, close to shopping, public transportation, the Miracle Mile and Beverly Hills. Located within the Miracle Mile HPOZ Preservation Plan.

Location

1222 S Cloverdale

Los Angeles, Los Angeles, CA, 90019