Deal numbers
- Est. cap rate
- 3.3%
- Assumed rent, all units
- $4,280/mo
- Units
- 2
- Price per unit
- $395,000
- Est. annual NOI
- $25,680
- 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
- $48,792
- Operating expenses
- $24,396
- Net operating income
- $24,396
- Annual debt service
- $47,303
- Annual cash flow
- -$22,907
- Cash on cash return
- -11.6%
- Down payment
- $197,500
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
- 1,490 sqft
- Lot size
- 6,516 sqft
- Year built
- 1950
- Stories
- 1
- Garage spaces
- 2
- Heating
- Combination,Ductless,See Remarks
- Cooling
- Ductless,See Remarks
- Pool
- None
- View
- City Lights,Neighborhood
- Status
- Active
- Days on market
- 23
- MLS #
- 248002334
About this property
Welcome to 2421 and 2423 Via Corona! This spacious duplex offers so many opportunities. Whether you are looking for a multi-generational property, an investment property or a property to call your home, this duplex is ready for you. It offers a total of 1,490 square feet of living space, each unit with its own address, electrical meter and gas meter, situated on a spacious lot of approximately 6,516 square feet. The property consists of two units that may generate strong monthly income, great for investors seeking long-term returns or to develop. The front unit is a 2-bedroom 1-bathroom. The rear unit is a 1-bedroom 1-bathroom. Both units count with laundry hook ups and brand new mini split systems. Abundant windows provide plenty of natural light throughout the homes. The property may be accessed through the main street and through the back alley. There are two single car garages that may be accessed through the back alley providing the possibility of an ADU conversion (buyer to verify with the city). It is conveniently located near schools, Montebello Town Center and other shopping centers, major freeways, and parks ensuring easy access to all that the area has to offer. Come visit the property and see all it has to offer.
Location
2421 W Via Corona
Montebello, Los Angeles, CA, 90640