Est. cap rate

2.7%

Assumed rent, all units

$6,620/mo

Units

2

Price per unit

$725,000

Est. annual NOI

$39,720

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

1,919 sqft

Lot size

5,000 sqft

Year built

1959

Stories

2

Garage spaces

3

Heating

Forced Air

Cooling

None

Pool

None

Status

Active

Days on market

40

MLS #

246952854

About this property

An incredible opportunity to acquire a well situated duplex located in the highly desirable neighborhood of Playa Del Rey less than a ½ mile from the beach. The entire property is 1,919sf in size, delivered vacant, and comprised of a front 3 bed/2 bath and rear 2 bed/1 bath unit. The front 3/2 offers a spacious layout with decorative fireplace, tons of windows in the living room, private rear patio, and an incredible opportunity for an owner user to redesign the space for their needs or for an investor to remodel and maximize rents. The 2/1 rear unit offers an open floorplan, private rear backyard, and elevated views of the surrounding coastal neighborhood. With ample storage, separate laundry room, and a (3) garage spaces that can also be converted into an ADU for additional income stream, this duplex sits on a 5,000sf lot in a terrific beach location in Playa Del Rey near LAX, Marina Del Rey, Playa Vista, & Manhattan Beach. This one screams potential and won't last long!

Location

8132 Pershing Drive

Playa del Rey, Los Angeles, CA, 90293