Est. cap rate

2.8%

Assumed rent, all units

$4,560/mo

Units

2

Price per unit

$494,500

Est. annual NOI

$27,360

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

1,910 sqft

Lot size

7,289 sqft

Year built

1955

Stories

1

Garage spaces

2

Pool

None

Status

Active

Days on market

1

MLS #

248331836

About this property

Welcome to this beautiful remodel, duplex, located in the heart of Lomita! Both units have been tastefully, updated with modern finishes, offering comfort, style, and excellent income potential. Situated on an R3 zoned lot, this property presents an exciting opportunity to explore the possibility of building a third residence and potentially adding ADU, subject to city approval and applicable zoning, and building requirements. Conveniently located your major freeways, schools, shopping centers, restaurants, Starbucks, and just minutes from the beautiful Southbay beaches. A fantastic opportunity for homeowners, investors, and developers, looking to maximize the property's potential.

Location

1705 252nd

Lomita, Los Angeles, CA, 90717