Est. cap rate

2.7%

Assumed rent, all units

$3,880/mo

Units

2

Price per unit

$424,500

Est. annual NOI

$23,280

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

2,375 sqft

Lot size

5,730 sqft

Year built

1948

Stories

1

Garage spaces

2

Style

Contemporary

Heating

Natural Gas,Wall Furnace

Cooling

None

Pool

None

View

Neighborhood

Status

Active

Days on market

1

MLS #

248724425

About this property

Welcome to 1646 & 1644 N. Wilmington Blvd! This amazingly remodeled and upgraded duplex is everything you’ve been looking for in a wonderful income property. It features two side-by-side units, each boasting over 1,187 square feet of bright, open living space filled with natural light. Unit 1644 offers a spacious bedroom with a walk-in closet and convenient laundry hookups, an open-concept dining and living area, and a beautifully remodeled bathroom with a designer shower stall and vanity. Unit 1646 features a fabulous, upgraded kitchen with granite countertops, rich cabinetry, built-in ovens, and a center island with a range top, plus plenty of flexible space to create your ideal bedroom layout. A remodeled Bathroom is located at the back of this unit. Both units include easy-care tile flooring and ceiling fans throughout. The charm and character of this unique property is felt through out. You'll love the incredible bonus space just outside the units! The owners have thoughtfully created a fully enclosed area with bright sliding doors that open up for a seamless indoor-outdoor experience—perfect for a home exercise studio, outdoor shop, or cozy lounge. It even includes built-in cabinets, a sink for easy entertaining, and beautiful tile flooring. It gets even better! The detached 2-car garage is fully finished with laminate flooring, painted walls, and recessed lighting, making it an ideal space or a simple future ADU conversion. Attached to the rear of the garage, you'll find an extra bonus room that can easily serve as an additional bedroom. Outside, the lovely yard provides plenty of shade and a peaceful common area at the back of the property. Parking is a breeze with an expansive driveway behind an automatic security gate that accommodates up to 5 vehicles, plus room for an RV, boat, or extra vehicles. Turnkey and move-in ready, both units will be delivered vacant at the close of escrow. Whether you're looking for a live/work setup, an owner-occupant wanting to live in one unit and rent the other, or an investor seeking market-rate rents, this property is a dream. Zoned R1.5 on a generous 5,730 sq. ft. lot, there is even potential to redevelop (buyer to verify). Ideally located near the Port of LA, major freeways, schools, and transit, this is a fantastic opportunity! Dont wait! Schedule your appointment to tour this one of a kind property today.

Location

1644 N Wilmington Boulevard

Wilmington, Los Angeles, CA, 90744