Est. cap rate

3.0%

Assumed rent, all units

$3,740/mo

Units

2

Price per unit

$374,000

Est. annual NOI

$22,440

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 sqft

Lot size

4,148 sqft

Year built

1955

Stories

1

Garage spaces

2

Pool

None

Status

Active

Days on market

46

MLS #

247613180

About this property

WOW Front unit is VACANT!!! Massive opportunity! Rare chance to own a beautifully maintained duplex featuring 2 homes on 1 lot with strong rental income and pride of ownership throughout! With a total of 1,608 Sqft, this property includes 2 spacious units, each approximately 804 Sqft with 2 bedrooms, 1 bathroom, a 1 car garage, interior washer and dryer hookups, newer windows, and separate gas and water meters. Each unit offers no common walls, creating added privacy and comfort. The back unit also features central AC and heat along with a private backyard patio area. HUGE BONUS! The front unit will be delivered VACANT at close of escrow, creating an incredible opportunity for an owner user looking to live in one unit while collecting rental income from the second unit, or for an investor seeking strong upside potential. There is additional parking behind each garage, offering plenty of extra parking space for tenants and guests. The property also offers easy, low maintenance upkeep, making it an ideal investment opportunity. Both units have been exceptionally maintained with strong rental income already in place. Centrally located near shopping centers, schools, parks, and major freeways. Schedule your private showing today! Don’t miss this incredible duplex offering strong income potential, pride of ownership, and a truly rare investment opportunity!

Location

9234 Elizabeth Avenue

South Gate, Los Angeles, CA, 90280