Est. cap rate

2.8%

Assumed rent, all units

$4,100/mo

Units

2

Price per unit

$437,500

Est. annual NOI

$24,600

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

1,618 sqft

Lot size

4,936 sqft

Year built

1930

Stories

1

Garage spaces

2

Pool

None

Status

Active

Days on market

3

MLS #

247955845

About this property

Welcome to this well-maintained income property located in a quiet Long Beach neighborhood. This is an excellent opportunity to own a well-cared-for Spanish-style duplex in the Sutter neighborhood, with easy access to the 710 Freeway. This beautiful multi-family property features 4 bedrooms and 2 bathrooms, approximately 1,618 square feet of living space, and was built in 1930. It showcases charming Spanish architecture and character, complemented by a custom vinyl fence and gates. A great opportunity for investors or buyers looking for an income-producing property in Long Beach.

Location

103 W 51st

Long Beach, Los Angeles, CA, 90805