Deal numbers
- Est. cap rate
- 2.8%
- Assumed rent, all units
- $3,980/mo
- Units
- 2
- Price per unit
- $425,000
- Est. annual NOI
- $23,880
- 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
- $45,372
- Operating expenses
- $22,686
- Net operating income
- $22,686
- Annual debt service
- $50,896
- Annual cash flow
- -$28,210
- Cash on cash return
- -13.3%
- Down payment
- $212,500
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
- 2,300 sqft
- Lot size
- 5,898 sqft
- Year built
- 1905
- Stories
- 1
- Garage spaces
- 0
- Pool
- None
- Status
- Active
- Days on market
- 10
- MLS #
- 247572938
About this property
PROPERTY WAS APPROVED TO BUILT UP TO 24 UNITS BY PLANNING DEPARTMENT, DEMOLITION WAS APPROVED BY CITY. GREAT OPPURTUNITY FOR INVESTORS!!! PROPERTY LOCATED NEXT TO APPARTMENT BUILDINGS, PLEASE SEE ATTCHED SUPLEMENTS WITH CITY PLANNING APPROVAL.S CURRENT OWNER DOES NOT HAVE CURRENT PLANS. PLEASE CHECK WITH CITY REGARDING ANY UPDATED PERMITS NEEDED
Location
964 S Catalina
Los Angeles, Los Angeles, CA, 90006