Deal numbers
- Est. cap rate
- 3.1%
- Assumed rent, all units
- $6,180/mo
- Units
- 2
- Price per unit
- $600,000
- Est. annual NOI
- $37,080
- 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
- $70,452
- Operating expenses
- $35,226
- Net operating income
- $35,226
- Annual debt service
- $71,853
- Annual cash flow
- -$36,627
- Cash on cash return
- -12.2%
- Down payment
- $300,000
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
- 5
- Bathrooms
- 2
- Building size
- 1,928 sqft
- Lot size
- 8,394 sqft
- Year built
- 1906
- Stories
- 2
- Garage spaces
- 0
- Style
- Bungalow
- Heating
- None
- Cooling
- None
- Pool
- None
- View
- None
- Status
- Active
- Days on market
- 50
- MLS #
- 247149418
About this property
A rare opportunity in a prime Glendale location--ideal for an owner-user, income-property investor, or developer looking for long-term upside. This versatile duplex offers the opportunity to live in one unit while generating rental income from the other, hold as a solid investment, or explore the property's future development potential.Situated on a desirable R-1650 zoned lot, the property may offer an exciting opportunity for additional residential units or redevelopment, subject to City of Glendale requirements and approvals. For the savvy investor, the combination of existing rental income, valuable land, and higher-density zoning creates multiple paths to potentially increase income and maximize the property's long-term value.Owner-users can enjoy the flexibility and financial benefits of duplex living while building equity in one of Glendale's most sought-after communities. Investors and developers will appreciate the opportunity to unlock the property's full potential through renovation, repositioning, or future development.Conveniently located near shopping, dining, entertainment, major employment centers, and transportation, this is more than a duplex--it's an opportunity to own an income-producing property today with compelling possibilities for tomorrow.Buyer to independently verify zoning, allowable density, development potential, ADU opportunities, and all information with the City of Glendale.
Location
1008 E Windsor Road
Glendale, Los Angeles, CA, 91205