Est. cap rate

3.1%

Assumed rent, all units

$3,640/mo

Units

2

Price per unit

$348,500

Est. annual NOI

$21,840

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

1,587 sqft

Lot size

7,434 sqft

Year built

1916

Stories

2

Garage spaces

0

Heating

Ductless

Cooling

Wall/Window Unit(s),Ductless

Pool

None

View

None

Status

Active

Days on market

1

MLS #

247967232

About this property

Fantastic 2 unit property in Up-And-Coming Boyle Heights, which is conveniently located with very close proximity to downtown Los Angeles (DTLA), shopping, schools, restaurants and easy access to most major freeways-60, 5, 101, 10. There are 2 addresses, 2731 is a 1 bedroom, 1 bath unit located on the left side. 2733 is a 3 bedroom, 1 bath 2 story unit located on the right side. Unit 2731 has been completely remodeled including new kitchen cabinets, granite counter tops, tile flooring. New bathroom tub, tile, vanity and tile floor. New laminate flooring throughout. New vinyl dual pane windows, new paint. The front porch/deck has been replaced. The 3 bedroom unit 2733 bathroom has been remodeled, some upgrades to walls, paint and flooring were done. Lot goes from street to street. Front is accessed from Wabash, rear and driveway are accessed from Dobinson. This is a great investment opportunity, as both units are rented on month to month agreements.

Location

2731 Wabash Avenue

Los Angeles, Los Angeles, CA, 90033