Est. cap rate

2.5%

Assumed rent, all units

$3,440/mo

Units

2

Price per unit

$419,500

Est. annual NOI

$20,640

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

1,914 sqft

Lot size

6,160 sqft

Year built

1940

Stories

1

Garage spaces

2

Pool

None

Status

Active

Days on market

108

MLS #

247024925

About this property

FIRST TIME BUYERS & VETERANS WELCOMED! 2 HOUSES on a Big Corner lot! This property is a fantastic opportunity for an owner-occupant looking to generate rental income or an investor seeking a well-maintained asset with significant upside potential. Don't miss your chance to own this versatile property in a desirable Los Angeles location! Owner replaced roofs and sewers, property recently passed city inspection. This charming duplex is two detached single family homes. Move into this beautifully remodeled 3 bedrm + 1 full bath and collect the rent on the other home which is a 2 bedrm + 1 full bath. There is a detached 2 car garage, which presents a unique opportunity: the garage could potentially be converted into an Accessory Dwelling Unit (ADU). Buyers and their brokers are advised to independently verify all possibilities and regulations regarding the ADU conversion. This is also a Great Development opportunity to purchase an 6160 SF lot located in South LA, zoned as C2. A developer could build up to 23 units using entitlements from the city.

Location

302 W 107th Street

Los Angeles, Los Angeles, CA, 90003