Deal numbers
- Est. cap rate
- 3.3%
- Assumed rent, all units
- $3,880/mo
- Units
- 2
- Price per unit
- $350,000
- Est. annual NOI
- $23,280
- 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.
- Effective gross income
- $44,232
- Operating expenses
- $22,116
- Net operating income
- $22,116
- Annual debt service
- $41,914
- Annual cash flow
- -$19,798
- Cash on cash return
- -11.3%
- Down payment
- $175,000
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
- Bathrooms
- 2
- Building size
- 1,720 sqft
- Lot size
- 5,460 sqft
- Year built
- 1922
- Stories
- 1
- Garage spaces
- 2
- Style
- Traditional
- Heating
- Natural Gas
- Cooling
- None
- Pool
- None
- View
- None
- Status
- Active
- Days on market
- 32
- MLS #
- 247033489
About this property
PRICE IMPROVEMENT!!!!!!! JUST DROPPED! GREAT INVESTMENT OPPORTUNITY IN LOS ANGELES. Excellent opportunity to own a two-unit duplex, with each unit offering 2 bedrooms and 2 baths. This tenant occupied property presents a great opportunity for owner/users. buyers and investors to add value and build equity. The property needs some work and is being sold in its current condition, offering plenty of potential for renovation and improvement. One unit already has new flooring throughout. The property features garages for each unit and plenty of back yard space. Conveniently located in Los Angeles on a large street also with front parking, it has access to freeways, shopping, schools, and quiet neighborhood. Property is tenant occupied. DO NOT DISTURB TENANTS. Showings and access are subject to seller instructions and applicable tenant requirements. Buyer and buyer's agents to verify all property details, permits, sq ft, zoning, and intended use independently. Bring your vision and unlock the potential of this income producing investment.
Location
5723 Cimarron Street
Los Angeles, Los Angeles, CA, 90062