Est. cap rate

3.1%

Assumed rent, all units

$3,560/mo

Units

2

Price per unit

$350,000

Est. annual NOI

$21,360

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.

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

1,358 sqft

Lot size

5,400 sqft

Year built

1923

Stories

1

Garage spaces

0

Style

Ranch

Heating

Wall Furnace

Cooling

None

Pool

None

View

None

Status

Active

Days on market

34

MLS #

247174861

About this property

Seller-funded rate buydown available! Reach out for more information! This multi-family property at 715 E 87th Place, Los Angeles, CA 90002, sits on a spacious 5,400 sq ft lot and features two detached homes. A front security gate with motorized opener provides secure access, while a concrete driveway runs along the entire east side, offering additional parking between the two, Two Bedroom One Bathroom units, and leading to a large backyard in the rear. Recent updates include all new ABS drain lines extending to the front of the lot, and complete replacement of the plumbing with new copper lines from the main line to throughout both units. The front unit has new Solid Core Waterproof Vinyl Plank flooring throughout, New Energy Efficient Dual Pane Vinyl Windows, new interior paint, and an indoor laundry room conveniently located off the fully remodeled kitchen featuring White Shaker Cabinets and Quartz Counters. The rear unit features new plywood subfloors topped with Solid Core Waterproof Vinyl Plank flooring, majority of windows upgraded to energy-efficient dual-pane vinyl, fresh interior and exterior paint, plus a fully permitted outdoor laundry area and patio cover. We have a recent termite clearance as well so bring all VA and FHA loans! Located in the Green Meadows neighborhood of South Los Angeles, the property offers easy access to the 110 freeway, public transit, nearby schools, the Green Meadows Recreation Center and Park, retail, and dining, with convenient proximity to Downtown LA and LAX. Front unit is to be delivered tenant occupied.

Location

715 E 87th Place

Los Angeles, Los Angeles, CA, 90002