Est. cap rate

2.6%

Assumed rent, all units

$3,740/mo

Units

2

Price per unit

$434,500

Est. annual NOI

$22,440

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

2,056 sqft

Lot size

5,323 sqft

Year built

2004

Stories

2

Garage spaces

3

Heating

Wall Furnace

Cooling

None

Pool

None

View

None

Status

Active

Days on market

39

MLS #

247014397

About this property

***THIS PROPERTY QUALIFIES FOR A 20,000 GRANT PROGRAM/OWNER OCCUPIED BUYERS/ 5% DOWN/WITH LENDER APPROVAL*** Rare owner-occupant or investment opportunity. Enjoy the benefits of owning a duplex with a vacant, remodeled front unit and a rear unit currently generating $3,000/month in rental income! If you’ve been looking for a newer 3 bedroom/2 bath home, but thought you couldn’t afford it, THIS MAY BE THE OPPORTUNITY YOU’VE BEEN SEARCHING FOR! Built in 2004, the front (vacant) unit has updated luxury vinyl plank flooring, doors, vanities, fixtures, stove, microwave, and more along with a 2-car garage! The rear home (229) also offers 3 bedrooms and 2 baths along with 1-car garage and was remodeled in 2003 . Both units have washer/dryers included and abundant driveway parking. Electric and gas are separately metered. Conveniently located to the 110 and 105 freeways, Locke College, schools, stores and medical facilities, this is the deal you’ve been waiting for! DON’T MISS THIS ONE!

Location

227 E 110th

Los Angeles, Los Angeles, CA, 90061