Est. cap rate

3.4%

Assumed rent, all units

$4,500/mo

Units

2

Price per unit

$399,500

Est. annual NOI

$27,000

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.

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

1,091 sqft

Lot size

1,881 sqft

Year built

1922

Stories

2

Garage spaces

0

Pool

None

Status

Active

Days on market

1

MLS #

247954289

About this property

Wow! Flex living at its finest! This turnkey original California bungalow is a showstopper from the curb, with charming shingle siding, a gabled craftsman entry, a classic brick stoop, and a gated front yard. The main level offers 2 bedrooms and 2 baths, with hardwood flooring, granite countertops in the kitchen and quality upgrades throughout. Upstairs is a fully permitted ADU with its own private front entrance and a private balcony with city views. It has a kitchenette with exhaust fan, a walk-in closet, and a 3/4 bath, all in fantastic condition. An interior connection means a family can use both levels as one expanded home, up to 3 bedrooms' and 3 baths' worth of space, or keep total privacy with two separate residences. Live in one and rent the other, host extended family, or invest. Lovingly restored by a master craftsman. Schedule your showing today!

Location

2151 E Spaulding Court

Long Beach, Los Angeles, CA, 90804