Est. cap rate

1.7%

Assumed rent, all units

$6,220/mo

Units

2

Price per unit

$1,100,000

Est. annual NOI

$37,320

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.

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

3,855 sqft

Lot size

6,176 sqft

Year built

1937

Stories

2

Garage spaces

4

Heating

Central

Cooling

Wall/Window Unit(s)

Pool

None

View

City Lights

Status

Active

Days on market

21

MLS #

246865485

About this property

In the heart of the City, this Highly sought-after Beverly Grove neighborhood offers An Easy walk to LACMA, The Grove, Hollywood hot spots, Beverly Center and Cedar Sinai Medical Center, all offering premier dining, shopping and entertainment. A total Beauty of a French Normandy Duplex that will capture you from the moment you step in. Full of Character and Charm of the 1930s glory days of LA.. This specious Duplex of more than 3,800 sf has two very large 3 bedrooms / 2 baths homes, each with its own two-car garage. The upper unit is currently staged and ready for its new occupant and the lower unit rented on a Month-to-Month rental agreement. This would be an excellent Positive Cash Flowing Property for an investor, or a dream home for someone who wants to live in this amazing location and enjoy a prime rental income. Each of the units offers large living and dining rooms, together with a den. The upper unit has City Lights view of Hollywood Hills. A Savi investor may also consider increasing the rental income by potentially converting the garage into two additional ADUs or building 2 ADUs above the garage. Buyer to investigate. Downstairs unit is currently rented for $5,325 p/month. An owner occupied with 20% down, may end up with a net out-of-pocket payment which is lower that the rent value of these units. Subject to qualification and depending on the loan program that they choose. This is a unique opportunity to have it all in an amazing location in the LA and the Beverly Hills Adjacent Areas. Location, Location, Location…

Location

and 6239 W 6th Street

Los Angeles, Los Angeles, CA, 90048