Deal numbers
- Est. cap rate
- 4.3%
- Assumed rent, all units
- $6,660/mo
- Units
- 2
- Price per unit
- $462,500
- Est. annual NOI
- $39,960
- 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
- $75,924
- Operating expenses
- $37,962
- Net operating income
- $37,962
- Annual debt service
- $55,386
- Annual cash flow
- -$17,424
- Cash on cash return
- -7.5%
- Down payment
- $231,250
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
- 6
- Bathrooms
- 3
- Building size
- 2,636 sqft
- Lot size
- 8,803 sqft
- Year built
- 1945
- Stories
- 1
- Garage spaces
- 2
- Cooling
- None
- Pool
- None
- View
- None
- Status
- Active
- Days on market
- 1
- MLS #
- 246793524
About this property
Prime Gardena income property with substantial upside. This front-and-back duplex sits on a massive 8,803-square-foot lot, presenting strong potential for future multi-unit expansion. The property delivers two distinct living spaces: an efficient 3-bed, 1-bath front unit and a substantial 3-bed, 2-bath rear unit complete with a bonus room, separate laundry, and attached direct access 2-car garage. Located just minutes from essential commuter routes and commercial centers, this is a strategic asset for generating future cash flow while holding for long-term land value.
Location
16023 S Manhattan Place
Gardena, Los Angeles, CA, 90247