Deal numbers
- Est. cap rate
- 5.1%
- Assumed rent, all units
- $4,440/mo
- Units
- 2
- Price per unit
- $262,500
- Est. annual NOI
- $26,640
- 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.
- Effective gross income
- $50,616
- Operating expenses
- $25,308
- Net operating income
- $25,308
- Annual debt service
- $31,436
- Annual cash flow
- -$6,128
- Cash on cash return
- -4.7%
- Down payment
- $131,250
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
- 1,800 sqft
- Lot size
- 1,750 sqft
- Year built
- 1924
- Stories
- 2
- Garage spaces
- 0
- Heating
- Wall Furnace
- Cooling
- Wall/Window Unit(s)
- Pool
- None
- View
- None
- Status
- Active
- Days on market
- 30
- MLS #
- 247142996
About this property
A great investment property featuring 2 units, a top floor and bottom floor units with 2 bedrooms and 1 bath each, cozy kitchen and breakfast area, spacious living room and a driveway for off-street parking. Each unit is individually metered for gas & electric. Tremendous upside potential and conveniently located close to DTLA, LA River, Dodger Stadium and minutes to the trendy spots throughout Northeast LA. Do Not Disturb Tenants, property is priced to reflect being sold as-is with existing tenancy in place for both units.
Location
583 W Avenue 26
Los Angeles, Los Angeles, CA, 90065