Est. cap rate

3.8%

Assumed rent, all units

$5,240/mo

Units

2

Price per unit

$412,500

Est. annual NOI

$31,440

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

4

Bathrooms

2

Building size

1,675 sqft

Lot size

6,069 sqft

Year built

1952

Stories

1

Garage spaces

0

Cooling

Wall/Window Unit(s)

Pool

None

View

None

Status

Active

Days on market

5

MLS #

247865466

About this property

First time on the market since 2001! Beautifully maintained duplex in Paramount offering an excellent opportunity for an investor or owner-user looking for flexibility and rental income potential. The property features two separate 2-bedroom, 1-bathroom units, each equipped with its own mini-split AC system and private washer and dryer. The front unit is currently occupied by a month-to-month tenant who has a strong history of paying rent on time, while the rear unit will be delivered vacant, providing an immediate opportunity for an owner-user or new tenant. The rear unit also offers additional flexibility, with a laundry room that may provide the potential to create a third bedroom, subject to the buyer verifying permits, zoning, and all applicable city requirements. The property includes two separate driveways, with dedicated driveway access on each side of the property, providing convenient parking for both units. The spacious backyard also features two storage sheds for additional storage. Toward the rear of the property is an additional permitted bonus structure. With its long-term ownership history, well-maintained condition, separate utilities/amenities, existing rental income, vacant rear unit, and multiple opportunities for future improvements, this property offers a unique opportunity in Paramount. A rare offering that has been lovingly maintained and is now ready for its next owner.

Location

6526 San Miguel

Paramount, Los Angeles, CA, 90723