Deal numbers
- Est. cap rate
- 2.6%
- Assumed rent, all units
- $3,500/mo
- Units
- 2
- Price per unit
- $410,000
- Est. annual NOI
- $21,000
- 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
- $39,900
- Operating expenses
- $19,950
- Net operating income
- $19,950
- Annual debt service
- $49,099
- Annual cash flow
- -$29,149
- Cash on cash return
- -14.2%
- Down payment
- $205,000
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
- 1,729 sqft
- Lot size
- 5,838 sqft
- Year built
- 1920
- Stories
- 1
- Garage spaces
- 2
- Pool
- None
- Status
- Active
- Days on market
- 57
- MLS #
- 246860020
About this property
Welcome to 801 S. Hicks and 3846 Percy St. This excellent duplex investment opportunity is in the heart of Los Angeles! This corner lot duplex offers two separate units, 801 S. Hicks is a spacious two bedroom 1 bath approx. 1129 sq. ft. of living space and 3846 Percy is approx. 600 sq. ft. 1 bedroom 1 bath unit making it an ideal property for investors seeking rental income or owner-occupants looking to offset their mortgage by living in one unit while renting the other. Both units are to be sold tenant occupied. Each unit provides comfortable living space with private entrances, offering flexibility and privacy for occupants. The property presents outstanding income potential with the opportunity to update and increase value over time. Conveniently located near shopping, restaurants, schools, public transportation, and major freeways, this duplex is well-positioned for long-term rental demand and everyday convenience. Whether you're expanding your investment portfolio or searching for a versatile multi-family property, this is a rare opportunity to own an income-producing asset in Los Angeles. Property to be sold as-is.
Location
801 S Hicks Avenue
Los Angeles, Los Angeles, CA, 90023