Est. cap rate

3.4%

Assumed rent, all units

$4,540/mo

Units

2

Price per unit

$400,000

Est. annual NOI

$27,240

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

1,205 sqft

Lot size

5,444 sqft

Year built

1949

Stories

1

Garage spaces

3

Cooling

None

Pool

None

View

None

Status

Active

Days on market

8

MLS #

247684128

About this property

Centrally Located Duplex with Excellent Potential! Great opportunity to own a centrally located duplex featuring a 2-bedroom, 1-bath unit and a 1-bedroom, 1-bath unit. The property offers a functional layout with plenty of parking available in both the driveway and backyard. A detached garage, currently utilized for storage, adds valuable versatility and additional space. The garage may offer the potential to be converted into an ADU, subject to city approval, zoning, permits, and applicable building requirements. With two separate units, ample parking, a detached garage, and potential for future expansion, this property offers lots of possibilities for an owner-user or investor. A great opportunity to explore the existing rental potential while adding value through future improvements.

Location

6106 Colfax Avenue

North Hollywood, Los Angeles, CA, 91606