Deal numbers
- Est. cap rate
- 3.0%
- Assumed rent, all units
- $4,760/mo
- Units
- 2
- Price per unit
- $482,500
- Est. annual NOI
- $28,560
- 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
- $54,264
- Operating expenses
- $27,132
- Net operating income
- $27,132
- Annual debt service
- $57,782
- Annual cash flow
- -$30,650
- Cash on cash return
- -12.7%
- Down payment
- $241,250
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
- 1,426 sqft
- Lot size
- 6,753 sqft
- Year built
- 1949
- Stories
- 1
- Garage spaces
- 1
- Style
- Ranch
- Heating
- Central
- Cooling
- Central Air
- Pool
- None
- View
- Neighborhood
- Status
- Active
- Days on market
- 19
- MLS #
- 247220029
About this property
Don’t miss this fantastic opportunity to own 2 homes on one lot in the highly desirable Lake Balboa community! The charming front house offers 2 bedrooms + 1 bathroom 931 sq. ft. of living space. Features include an upgraded kitchen with matching appliances and separate service counter, designated laundry area, updated bathroom, laminate wood flooring throughout, updated windows, tankless water heater, solar panels, newer HVAC system, and newer shingle roof. A welcoming front porch adds to the home’s curb appeal and provides a relaxing outdoor retreat. 1-car garage with direct access to the house plus front parking for 3 additional cars on driveway. The gated entry has a remote-controlled electric opener. Backyard covered patio offers a great space for entertainment, and security cameras are included. Detached ADU approximately 495 sq. ft. 1 bedroom + 1 bathroom offers a kitchen with appliances, laundry closet, mini split HVAC, storage shed, tankless water heater, and separate electric and gas meters. A versatile opportunity for homeowners, multigenerational living, or investors. Conveniently located near shopping, restaurants, banks, the 405 Freeway, and the Flyaway terminal.
Location
7455 Blewett Avenue
Van Nuys, Los Angeles, CA, 91406