Est. cap rate

2.6%

Assumed rent, all units

$4,740/mo

Units

2

Price per unit

$550,000

Est. annual NOI

$28,440

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

2,300 sqft

Lot size

8,276 sqft

Year built

1949

Stories

1

Garage spaces

1

Style

Ranch

Heating

See Remarks

Cooling

None

Pool

None

View

None

Status

Active

Days on market

1

MLS #

248661626

About this property

14142 Locust Street offers a unique opportunity with two homes on one large corner lot, creating significant value and exciting upside potential. The front home feature 2 bedrooms and 1 bathrooms with a garage, while the rear home offers an additional 4 bedrooms and 2 bathrooms . With two separate living spaces, a desirable corner-lot location, and a property situated in an area with potential for future growth and revitalization, this is an opportunity for investors, multi-generational families, or buyers looking to maximize the property's long-term value. This is a great ADD VALUE PLAY. The combination of land, two homes, and location makes this a property with tremendous potential. With the right vision and improvements, the possibilities are substantial. This is two homes on a corner lot with a ton of sunlight and potential for ADU'S in a path of progress neighborhood.

Location

14142 Locust

Westminster, Orange, CA, 92683