Deal numbers
- Est. cap rate
- 3.5%
- Assumed rent, all units
- $5,540/mo
- Units
- 2
- Price per unit
- $475,000
- Est. annual NOI
- $33,240
- 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
- $63,156
- Operating expenses
- $31,578
- Net operating income
- $31,578
- Annual debt service
- $56,883
- Annual cash flow
- -$25,305
- Cash on cash return
- -10.7%
- Down payment
- $237,500
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
- 4
- Bathrooms
- 2
- Building size
- 1,492 sqft
- Lot size
- 4,002 sqft
- Year built
- 1912
- Stories
- 1
- Garage spaces
- 0
- Cooling
- Wall/Window Unit(s)
- Pool
- None
- View
- Neighborhood
- Status
- Active
- Days on market
- 8
- MLS #
- 248159407
About this property
PRIME NORTHEAST LOS ANGELES LOCATION – INVESTOR OPPORTUNITY! Welcome to 2675 Thorpe Avenue, a duplex located in the heart of Cypress Park, just minutes from iconic Dodger Stadium! Situated in one of Northeast LA’s sought-after neighborhoods, this property offers an incredible opportunity for investors, developers, or buyers looking to bring their vision to life. This fixer-upper features two units, each offering 2 bedrooms and 1 bathroom, for a total of 4 bedrooms and 2 bathrooms. With endless possibilities to renovate, restore, and add value, this property is ready for its next chapter. LOCATION, LOCATION, LOCATION! Enjoy convenient access to Dodger Stadium, Downtown Los Angeles, Highland Park, Eagle Rock, Glassell Park, and the vibrant dining, coffee shops, and entertainment scenes throughout Northeast LA. With easy access to major freeways, this centrally located property puts some of LA’s most popular destinations within reach. Whether you’re looking to expand your investment portfolio, explore rental income potential, or create a multi-generational living arrangement, this property presents an exciting opportunity in a highly desirable location. Bring your contractor and your imagination! Property is being sold AS-IS. Don’t miss this opportunity to invest in the heart of Northeast Los Angeles!
Location
2675 Thorpe Avenue
Los Angeles, Los Angeles, CA, 90065