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Duplex at 715 S Record
$789,000
715 S Record
Los Angeles, Los Angeles, 90023
Duplex · 2 units
Active · 1 days on market

Deal numbers

Est. cap rate
2.7%
Assumed rent, all units
$3,500/mo
Units
2
Price per unit
$394,500
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.

5.0%
50%
25%
7.00%
Effective gross income
$39,900
Operating expenses
$19,950
Net operating income
$19,950
Annual debt service
$47,243
Annual cash flow
-$27,293
Cash on cash return
-13.8%
Down payment
$197,250

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
1,903 sqft
Lot size
5,834 sqft
Year built
1904
Stories
1
Garage spaces
0
Heating
Electric
Cooling
Electric
Pool
None
Status
Active
Days on market
1
MLS #
247936612

About this property

Come take a look at this DUPLEX in the heart of East Los Angeles. Unit one 3 bedroom 1 bath fully remodeled. New floor, paint (interior & exterior), kitchen cabinets, countertops, bathroom vanity, light fixtures,doors, hardware, HVAC Electric Split Unit, and roof!! Back unit is a 2 bedroom 1 bath as well and spacious jsut needs tome TLC. Back unit is tenant occupied. Great oppurtunity to live in one and collect rent in the other or rent them both for investment! Located near freeways, plenty of shopping, and amazing eateries. Just minutes from DownTown Los Angeles! Must See!

Location

715 S Record

Los Angeles, Los Angeles, CA, 90023

Ask Alex about this property

Questions on the numbers, a pro forma, or a tour? Send a note.

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Alex Duarte, DRE# 01970077, First Team Real Estate

715 S Record, Los Angeles CA | Multifamily for Sale