Deal numbers
- Est. cap rate
- 2.3%
- Assumed rent, all units
- $3,500/mo
- Units
- 2
- Price per unit
- $449,500
- Est. annual NOI
- $21,000
- 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
- $39,900
- Operating expenses
- $19,950
- Net operating income
- $19,950
- Annual debt service
- $53,830
- Annual cash flow
- -$33,880
- Cash on cash return
- -15.1%
- Down payment
- $224,750
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
- 1,854 sqft
- Lot size
- 5,906 sqft
- Year built
- 1923
- Stories
- 2
- Garage spaces
- 0
- Pool
- None
- Status
- Active
- Days on market
- 1
- MLS #
- 247105674
About this property
LOS ANGELES DUPLEX WITH A REMODELED FRONT UNIT AND ROOM TO EXPLORE EXPANSION! Two 3-bedroom, 2-bath residences sit on a large R2-zoned lot with a spacious rear area offering potential for additional development. The front unit has been completely remodeled, and the upgraded front driveway provides additional parking. A compelling opportunity for buy-and-hold investors or buyers looking to live in one residence and rent the other/ Enjoy the flexibility of two residences while exploring the property’s longer-term possibilities. Have a piece of the pie into the growth and development Boyle Heights is currently undergoing.
Location
718 S Grande Vista
Los Angeles, Los Angeles, CA, 90023