Deal numbers
- Est. cap rate
- 2.3%
- Assumed rent, all units
- $5,000/mo
- Units
- 2
- Price per unit
- $649,500
- Est. annual NOI
- $30,000
- 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
- $57,000
- Operating expenses
- $28,500
- Net operating income
- $28,500
- Annual debt service
- $77,781
- Annual cash flow
- -$49,281
- Cash on cash return
- -15.2%
- Down payment
- $324,750
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
- 2,257 sqft
- Lot size
- 7,004 sqft
- Year built
- 1920
- Stories
- 1
- Garage spaces
- 1
- Cooling
- None
- Pool
- None
- Status
- Active
- Days on market
- 7
- MLS #
- 248386406
About this property
Welcome to Atwater Village! A rare opportunity to own a two-unit property in one of Northeast Los Angeles’ most desirable and centrally located neighborhoods, offering the flexibility of rental income in a highly sought after area. Just moments from Griffith Park, neighborhood shops and restaurants, and the charming streets of Atwater Village, the property is also conveniently located near Glendale, the Americana at Brand, Glendale Galleria, the Atwater Village Equestrian District, riverfront trails, parks, and recreation. With Los Feliz, Silver Lake, and Glendale all nearby, this location offers the best of city living with a true neighborhood feel.
Location
4155 Bemis
Los Angeles, Los Angeles, CA, 90039