Est. cap rate

2.4%

Assumed rent, all units

$6,080/mo

Units

2

Price per unit

$747,500

Est. annual NOI

$36,480

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

3

Bathrooms

2

Building size

1,544 sqft

Lot size

1,296 sqft

Year built

1952

Stories

2

Garage spaces

1

Style

Mid Century Modern

Cooling

Central Air

Pool

None

View

Ocean,Bay

Status

Active

Days on market

33

MLS #

246957667

About this property

Peninsula Duplex—completely remodeled and just steps from the bay and ocean! This exceptional coastal property features two one-bedroom, one-bath units, with the upper unit currently configured as a two-bedroom. Both residences offer beautifully remodeled kitchens with custom cabinetry and stainless steel appliances, updated bathrooms, hardwood flooring, and fresh exterior paint. Additional amenities include a one-car garage with shared laundry, an outdoor shower, and convenient storage for bicycles and paddleboards. Ideally located for enjoying the very best of Peninsula beach living, this versatile property is perfect as an investment, owner-occupied residence, or coastal retreat.

Location

5577 E Ocean

Long Beach, Los Angeles, CA, 90803