Deal numbers
- Est. cap rate
- 2.4%
- Assumed rent, all units
- $3,500/mo
- Units
- 2
- Price per unit
- $442,500
- Est. annual NOI
- $21,000
- 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
- $39,900
- Operating expenses
- $19,950
- Net operating income
- $19,950
- Annual debt service
- $52,991
- Annual cash flow
- -$33,041
- Cash on cash return
- -14.9%
- Down payment
- $221,250
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
- 1,564 sqft
- Lot size
- 7,774 sqft
- Year built
- 1926
- Stories
- 1
- Garage spaces
- 0
- Cooling
- Wall/Window Unit(s)
- Pool
- None
- Status
- Active
- Days on market
- 33
- MLS #
- 247262532
About this property
Rare Find! Two Fully Remodeled Units on a Spacious Corner Lot in Los Angeles! Don’t miss the opportunity to own two beautifully remodeled units on an oversized lot with incredible potential and privacy. The front unit showcases a thoughtfully designed open floor plan with 2 bedrooms, 2 bathrooms. One bedroom features an en-suite bathroom, while the other two bedrooms share a Jack-and-Jill bath. . The kitchen, dining, and living areas flow seamlessly together, featuring recessed lighting, fresh interior paint, dual-pane windows, new SPC water-resistant flooring, and ceiling fans in every room. The brand-new kitchen includes modern countertops, soft-close drawers, a new dishwasher, and a microwave. The second unit is a private 1-bedroom, 1-bathroom home with upgrades throughout, including a remodeled kitchen and bathroom, fresh interior paint, SPC flooring, dual-pane windows, new ceiling fans and recessed lighting—ideal for extended family or rental income. The property sits on a large corner lot offering a long driveway, and a separate backyard. In the outside you have artificial turf, and cement areas, ideal for low-maintenance. Conveniently located near freeways, schools, shopping, dining, and all that Los Angeles entertainment has to offer—this property is perfect for investors or multi-generational living.
Location
304 S Lorena Street
Los Angeles, Los Angeles, CA, 90063