Deal numbers
- Est. cap rate
- 3.3%
- Assumed rent, all units
- $4,020/mo
- Units
- 2
- Price per unit
- $362,500
- Est. annual NOI
- $24,120
- 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
- $45,828
- Operating expenses
- $22,914
- Net operating income
- $22,914
- Annual debt service
- $43,411
- Annual cash flow
- -$20,497
- Cash on cash return
- -11.3%
- Down payment
- $181,250
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
- 1,419 sqft
- Lot size
- 2,471 sqft
- Year built
- 1941
- Stories
- 1
- Garage spaces
- 1
- Heating
- Wall Furnace
- Cooling
- None
- Pool
- None
- Status
- ComingSoon
- Days on market
- 0
- MLS #
- 248758087
About this property
Investor and owner-user opportunity in Long Beach! Presenting 919-921 Hoffman Ave, a duplex offered at $725,000 and sold AS-IS. The property needs work and will be DELIVERED VACANT at close of escrow, so you can renovate and set your own rents from day one. Two separate units with their own entrances, a detached garage, and a driveway for off-street parking. Live in one unit and rent the other, or fully renovate both and add value to your portfolio. Close to shopping, dining, schools, and easy freeway access. Opportunities like this don't last. Bring your contractor and your vision!
Location
919 Hoffman
Long Beach, Los Angeles, CA, 90813