Deal numbers
- Est. cap rate
- 1.5%
- Assumed rent, all units
- $3,640/mo
- Units
- 2
- Price per unit
- $742,500
- Est. annual NOI
- $21,840
- 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
- $41,496
- Operating expenses
- $20,748
- Net operating income
- $20,748
- Annual debt service
- $88,918
- Annual cash flow
- -$68,170
- Cash on cash return
- -18.4%
- Down payment
- $371,250
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
- 2,841 sqft
- Lot size
- 6,573 sqft
- Year built
- 1910
- Stories
- 3
- Garage spaces
- 0
- Heating
- Central
- Cooling
- Central Air
- Pool
- None
- Status
- Active
- Days on market
- 1
- MLS #
- 248681238
About this property
Discover this beautifully remodeled two-unit property in a prime Los Angeles location near USC! Each unit features 3 bedrooms and 1.5 bathrooms, offering spacious living and excellent potential for rental income. Both units have been thoughtfully updated with new kitchens and appliances, new flooring, fresh interior paint, new interior doors, and their own HVAC systems for year-round comfort. Laundry hookups are also available in each unit for added convenience. One unit offers even more versatility with an additional versatile front room and a third-floor loft, providing extra space for studying, working, or relaxing. Conveniently located near the University of Southern California, this property is ideally situated for access to the university, plenty of parking making of at least 6 vehicles making it an attractive opportunity for investors interested in the student rental market or buyers seeking a multi-unit property. With extensive recent improvements, modern amenities, and a desirable location, this duplex offers a fantastic opportunity to own a renovated income-producing property in Los Angeles.
Location
2924 S Normandie
Los Angeles, Los Angeles, CA, 90007