Deal numbers
- Est. cap rate
- 3.0%
- Assumed rent, all units
- $4,360/mo
- Units
- 2
- Price per unit
- $437,500
- Est. annual NOI
- $26,160
- 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
- $49,704
- Operating expenses
- $24,852
- Net operating income
- $24,852
- Annual debt service
- $52,393
- Annual cash flow
- -$27,541
- Cash on cash return
- -12.6%
- Down payment
- $218,750
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
- 1,519 sqft
- Lot size
- 5,373 sqft
- Year built
- 1942
- Stories
- 1
- Garage spaces
- 2
- Style
- Tudor
- Heating
- Forced Air
- Cooling
- None
- Pool
- None
- View
- None
- Status
- Active
- Days on market
- 1
- MLS #
- 248758085
About this property
Opportunity awaits at 3815 Exposition Boulevard in the vibrant West Adams area. This two-unit fixer-upper on an LAR3-zoned lot presents an opportunity for investors, developers, and buyers looking to renovate and create value in a high-demand rental area. Reimagine the existing residences or explore redevelopment potential, subject to verification of zoning, applicable incentives, and city approvals. Conveniently located near the Expo/Crenshaw Metro station, the property offers access to E Line service connecting USC, Culver City, and Downtown Santa Monica, with transfers to the K Line. Enjoy convenient access to the restaurants, cafés, and neighborhood dining destinations that contribute to West Adams’ lively atmosphere. Recent city sidewalk repairs enhance the immediate surroundings, while the planned Crenshaw Crossing mixed-use development and planned improvements at the Expo/Crenshaw transit hub add to the area’s investment story. With renovation potential, transit access, and neighborhood amenities, this property offers several possibilities for its next owner. Both units require repairs. The property is being sold in its present as-is condition, and the seller will make no repairs. Buyers to verify all development possibilities and property information.
Location
3815 Exposition Boulevard
Los Angeles, Los Angeles, CA, 90016