Deal numbers
- Est. cap rate
- 3.6%
- Assumed rent, all units
- $7,040/mo
- Units
- 2
- Price per unit
- $594,444
- Est. annual NOI
- $42,240
- 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
- $80,256
- Operating expenses
- $40,128
- Net operating income
- $40,128
- Annual debt service
- $71,187
- Annual cash flow
- -$31,059
- Cash on cash return
- -10.4%
- Down payment
- $297,222
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
- 4
- Bathrooms
- 3
- Building size
- 1,462 sqft
- Lot size
- 5,107 sqft
- Year built
- 1941
- Stories
- 1
- Garage spaces
- 2
- Style
- Contemporary
- Cooling
- Electric
- Pool
- None
- View
- Neighborhood
- Status
- Active
- Days on market
- 37
- MLS #
- 247095903
About this property
Experience modern living in this stylish Glendale compound, meticulously remodeled and offering about 1,462 square feet of refined living space across two separate residences. Ideal for an owner-user, multi-generational living, or premium rental income, this turnkey property combines flexibility, function, and contemporary design. The front residence features 2 bedrooms and 1 bathroom, with a bright open-concept layout and seamless indoor-outdoor flow. Privately positioned at the rear, the second 2-bedroom, 1-bath residence offers the same elevated finishes, including upgraded flooring, designer kitchens with quartz countertops, and light oak cabinetry. The exterior is equally impressive, with separate outdoor entertaining areas, a gated rear parking area, and a two-car garage. A dedicated laundry/utility room adds convenience with a washer, dryer, sink, and toilet. Conveniently located near Glendale Galleria, The Americana at Brand, premier dining, and freeway access, this exceptional property offers the best of Glendale living in a prime location.
Location
128 Lukens Place
Glendale, Los Angeles, CA, 91206