Deal numbers
- Est. cap rate
- 2.5%
- Assumed rent, all units
- $3,500/mo
- Units
- 2
- Price per unit
- $424,750
- Est. annual NOI
- $21,000
- 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
- $39,900
- Operating expenses
- $19,950
- Net operating income
- $19,950
- Annual debt service
- $50,866
- Annual cash flow
- -$30,916
- Cash on cash return
- -14.6%
- Down payment
- $212,375
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
- 2,482 sqft
- Lot size
- 7,026 sqft
- Year built
- 1911
- Stories
- 1
- Garage spaces
- 0
- Heating
- None
- Cooling
- None
- Pool
- None
- Status
- Active
- Days on market
- 15
- MLS #
- 247913398
About this property
Rare opportunity to own two separate homes on one lot in Los Angeles! Offering approximately 2,482 sq. ft. of combined living space on an approximately 7,024 sq. ft. lot, this property provides an excellent setup for multi-generational living, extended family, or buyers looking for flexibility and additional income potential. The front home features 3 bedrooms and 2 bathroom, 2nd restroom unpermitted, while the back home offers 4 bedrooms and 2 bathrooms, for a combined total of 7 bedrooms and 4 bathrooms. With two separate residences, each household can enjoy its own living space while remaining conveniently located on the same property. The spacious driveway provides parking for up to six vehicles, offering plenty of convenient off-street parking. Both homes will be delivered vacant at close of escrow, giving the new owner the opportunity to occupy both residences immediately, live in one and rent the other. Conveniently located near major Los Angeles freeways, shopping, dining, schools, and Downtown Los Angeles. Two homes, one lot, and endless possibilities — a unique opportunity you don't want to miss!
Location
3047 Lanfranco
Los Angeles, Los Angeles, CA, 90063