Est. cap rate

2.6%

Assumed rent, all units

$3,600/mo

Units

2

Price per unit

$412,500

Est. annual NOI

$21,600

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.

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

1,752 sqft

Lot size

4,881 sqft

Year built

1923

Stories

1

Garage spaces

1

Pool

None

Status

Active

Days on market

5

MLS #

247019185

About this property

FULL VACANCY for 2 DETACHED UNITS in the HEART LA! WITHIN 5 MINUTES FROM USC, LA MEMORIAL COLISEUM, BMO STADIUM AND 15 MINUTES FROM SOFI STADIUM, KIA FORUM, INTUIT DOME, CRYPTO ARENA & DTLA. Front unit shows an open floor concept with 3bedrooms+2baths (2bed+1bath on records) which will be delivered vacant at closing. Front unit has undergone renovation in the last 5-10 years in kitchen and bathrooms, new laundry area, HVAC system, electrical upgrade & rewire, flooring, windows and customized windows shutters. Front yard has beautiful and mature avocado, lemon, guava, orange & Japanese plum trees. Back unit shows 2bedrooms+1bath (1bed+1bath on records) which will be delivered vacant with full asking price. Back unit roof was replaced 3 years ago, windows and flooring replaced & kitchen updated within the last 5 years as well as electrical re-wire with sub-panel update. There is a newly cemented parking area in between the units and a one-car garage attached to the back unit available for new owner’s use. Separate electrical & gas meters for each unit. Run before this one is gone!!

Location

1016 W 51st Place

Los Angeles, Los Angeles, CA, 90037