Deal numbers
- Est. cap rate
- 4.6%
- Assumed rent, all units
- $4,100/mo
- Units
- 2
- Price per unit
- $269,500
- Est. annual NOI
- $24,600
- 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
- $46,740
- Operating expenses
- $23,370
- Net operating income
- $23,370
- Annual debt service
- $32,274
- Annual cash flow
- -$8,904
- Cash on cash return
- -6.6%
- Down payment
- $134,750
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
- 2
- Building size
- 880 sqft
- Lot size
- 2,500 sqft
- Year built
- 1949
- Stories
- 1
- Garage spaces
- 2
- Pool
- None
- Status
- Active
- Days on market
- 2
- MLS #
- 246924461
About this property
Welcome to 358 E. 53rd St., Long Beach, a two-unit property offering flexibility for both owner-occupants and investors. Live in one unit while renting the other, or utilize both units as income-producing properties. Each unit features 1 bedroom and 1 bath. Conveniently located in North Long Beach, this property offers easy access to surrounding areas and is close to schools, restaurants, parks, shopping, and freeway access. Whether you're looking to generate rental income or add a property to your investment portfolio, don't miss this opportunity!
Location
358 E 53rd Street
Long Beach, Los Angeles, CA, 90805