Est. cap rate

2.9%

Assumed rent, all units

$3,880/mo

Units

2

Price per unit

$399,500

Est. annual NOI

$23,280

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

3

Building size

1,529 sqft

Lot size

4,284 sqft

Year built

1950

Stories

2

Garage spaces

0

Pool

None

Status

Active

Days on market

10

MLS #

248257865

About this property

This three-unit property in South Los Angeles combines residential and commercial income on one lot! The unit mix includes two 3-bedroom, 1-bathroom residences and a studio. The studio is permitted for commercial use, which diversifies income and can appeal to small-business tenants. The 3-bedroom units are a strong fit for long-term renters, and each unit has its own entrance. The lot is gated with a long driveway, off-street parking, and an attached two-car garage. All of this sits on a palm-lined street with access to major South LA corridors, shopping, and transit. The property can be held for steady cash flow, improved over time to increase rents, or occupied by an owner-user who wants to live on-site while collecting rental and commercial income. Mixed-use properties with this flexibility are hard to find in the 90062 area!

Location

5747 S Gramercy Place

Los Angeles, Los Angeles, CA, 90062