Est. cap rate

1.9%

Assumed rent, all units

$4,200/mo

Units

2

Price per unit

$660,000

Est. annual NOI

$25,200

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

3,403 sqft

Lot size

18,992 sqft

Year built

2020

Stories

1

Garage spaces

4

Heating

Central

Pool

None

Status

Active

Days on market

1

MLS #

246944369

About this property

Duplex investment opportunity in Covina on an expansive approx. 18,986 SF lot. Both units are occupied by stable tenants, with a combined approx. 3,403 SF of living space. Originally built in 1954, Unit 449 features 3 bedrooms and 2 bathrooms across approx. 1,432 SF. Newly constructed in 2020, Unit 451 offers 3 bedrooms and 3 bathrooms with approx. 1,971 SF. The property includes a 4-car garage and ample additional parking. Convenient access to the 10 Freeway provides connections throughout the San Gabriel Valley, with shopping, dining, and everyday amenities in the surrounding area. The generous lot adds to the property’s long-term potential. Reported R3 zoning; buyer to verify zoning, permitted uses, and development potential with the City of Covina.

Location

449 S Barranca

Covina, Los Angeles, CA, 91723