Est. cap rate

2.3%

Assumed rent, all units

$4,500/mo

Units

2

Price per unit

$587,500

Est. annual NOI

$27,000

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.

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

1,841 sqft

Lot size

6,503 sqft

Year built

1940

Stories

1

Garage spaces

1

Style

Bungalow

Heating

Floor Furnace

Cooling

None

Pool

None

View

None

Status

Active

Days on market

7

MLS #

247528147

About this property

Completely renovated duplex - entire buildings Aprox 1850 sq ft- 981 sq ft each unit - 2 BED / 1 BATH EACH -on a quiet, block-long street with no through traffic, close to shopping and transit. Freshly painted inside and out, both units feature quartz kitchen counters, tiled back splashes, new shaker cabinets, each unit has a separate dining area, beautiful hardwood floors in the living areas, tiled kitchen and bathroom floors. New vanities with quartz tops, keeping the vintage flair with new feel your tenant or you will love. Each has a separate washer/dryer room, equipped with washer and dryers. completely private yards, and a new upgraded electrical panel. The front unit enjoys a lovely side yard finished in faux grass for easy, low-maintenance living, with parking for up to 3 cars. The back unit boasts a huge backyard with a large patio, ideal for entertaining, plus 2-car parking. With the front unit rented and the back unit vacant, this is a rare opportunity for an owner-user to move right in and let rental income help offset the mortgage, or for an investor to set the new rent. The 1-car garage is currently used by the owner, giving the next owner flexibility to keep it for personal use or assign it to a unit. Tenants pay all utilities including trash except water and gardener (mow and blow) Turnkey and move-in ready!

Location

1334 Mira Mar

Long Beach, Los Angeles, CA, 90804