Deal numbers
- Est. cap rate
- 2.3%
- Assumed rent, all units
- $5,180/mo
- Units
- 2
- Price per unit
- $674,500
- Est. annual NOI
- $31,080
- 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
- $59,052
- Operating expenses
- $29,526
- Net operating income
- $29,526
- Annual debt service
- $80,774
- Annual cash flow
- -$51,248
- Cash on cash return
- -15.2%
- Down payment
- $337,250
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
- 1,733 sqft
- Lot size
- 11,476 sqft
- Year built
- 1962
- Stories
- 1
- Garage spaces
- 1
- Style
- Traditional
- Heating
- Wall Furnace,Central
- Cooling
- Central Air,Wall/Window Unit(s)
- Pool
- None
- View
- None
- Status
- Active
- Days on market
- 34
- MLS #
- 247119119
About this property
Why buy a single family home when you can buy two? A duplex can make homeonership more affordable. Front house will be delivered vacant. Two detached houses on one beautiful big lot, each with its own grassy front yard, create a wonderful sense of space, privacy, and serenity. Mature trees provide beautiful shade throughout the property, adding to the peaceful atmosphere. The rear house also features a charming large porch and private backyard/patio, creating an additional outdoor space to relax or entertain. The front house has a carport and the back house has a detached garage. This special property reflects true pride of ownership, with a warm and inviting atmosphere that is difficutl to capture in photographs alone. Recessed lights and central air in front house, beautiful high ceilings in back unit, and both houses are in very good condition. Ideally located near the shops and amenities of Honolulu Avenue, the property also offers convenient freeway access, making commuting and enjoing all that the surrounding communities have to offer exceptionally easy. A combination of tranquility, charm, outdoor space, convenient location, and functionality! This duplex truly needs to be seen in person to be fully apreciated.
Location
2521 Altura Avenue
Montrose, Los Angeles, CA, 91020