Est. cap rate

2.4%

Assumed rent, all units

$3,640/mo

Units

2

Price per unit

$450,000

Est. annual NOI

$21,840

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

3

Bathrooms

2

Building size

1,324 sqft

Lot size

6,758 sqft

Year built

1911

Stories

1

Garage spaces

2

Cooling

None

Pool

None

View

None

Status

Active

Days on market

2

MLS #

247858011

About this property

Rare value-add opportunity in Boyle Heights. This former single-family home has been legally converted to a duplex and is in the advanced stages of a complete, permitted rebuild, including a new foundation, new roof, new plumbing, and fully rewired electrical. The duplex features a 2-bedroom, 1-bath unit of approximately 765 sq ft and a 1-bedroom, 1-bath unit of approximately 558 sq ft. Exterior stucco scratch and brown coats are complete, interior drywall is installed throughout, and both bathrooms are finished, leaving the buyer to complete the final finishes. Additional upside: plans have been drawn for two new ADUs of approximately 700 sq ft each, creating a path to a 4-unit property. The projected as-completed value is approximately $2,000,000. Ideal for investors, builders, or owner-users seeking to finish a nearly complete project and capture significant equity. Close to Downtown LA, USC Health Sciences Campus, the Metro, and major freeways. Buyer to verify all square footage, permits, plans, and values.

Location

1307 Pleasant

Los Angeles, Los Angeles, CA, 90033