Est. cap rate

3.1%

Assumed rent, all units

$4,200/mo

Units

2

Price per unit

$407,500

Est. annual NOI

$25,200

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

1,604 sqft

Lot size

6,116 sqft

Year built

1951

Stories

1

Garage spaces

2

Heating

Floor Furnace

Cooling

None

Pool

None

View

None

Status

Active

Days on market

7

MLS #

248293932

About this property

Excellent Investment Opportunity! Charming duplex featuring two spacious units, each offering 2 bedrooms and 1 bathroom, plus a one-car garage and one additional parking space for each unit. The property offers approximately 1,604 sq. ft. of total living space on a generous 6,116 sq. ft. corner lot. One unit has been remodeled and is currently vacant and turnkey, with estimated market rent of approximately $2,700 per month. The second unit is tenant occupied at $2,500 per month. Tenants pay for all utilities including WATER and trash. Providing immediate rental income. Potential combined rental income is approximately $5,200 per month. Property features 2 separate gas, electric, and water meters. private backyard space with fruit trees, and a classic white picket fence. Excellent opportunity for an investor or owner-occupant to live in one unit while collecting rent from the other. Conveniently located approximately 15 miles from Downtown Los Angeles and 23 miles from LAX, with easy access to shopping centers, public transportation, and major freeways. Great income-producing property with a cap rate approaching 6%. Don’t miss this opportunity! Each units Each unit is equipped with washer and dryer hookups.

Location

14505 San Jose Avenue

Paramount, Los Angeles, CA, 90723