Est. cap rate

3.2%

Assumed rent, all units

$3,440/mo

Units

2

Price per unit

$324,500

Est. annual NOI

$20,640

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

3

Bathrooms

2

Building size

1,424 sqft

Lot size

5,041 sqft

Year built

1925

Stories

1

Garage spaces

0

Style

Craftsman

Heating

Wall Furnace

Cooling

None

Pool

None

View

Neighborhood

Status

Active

Days on market

1

MLS #

248783122

About this property

Investor opportunity in the heart of South Los Angeles. Welcome to 5856 & 5856 1/2 So Olive Street, this Duplex features two 2-bedroom / 1- bath Units on a LAR-2 Lot. The Property Profile Indicated that the property has a total of 3 bedrooms / 2 baths, but it shows as a total of 4 beds / 2 baths. Both Units have new windows, flooring and updated kitchens & Bathrooms. The Units have their own electric and gas meters; they share the water meters. This property offers an opportunity for both investors and owners-occupants. Buyers will have the option to live in one and rent the other, or lease both for excellent rental income potential. There is tenant parking for one can each in the back of the property. The property is located near the 110 freeway, MTA Transit Line, the LA Coliseum and USC. Each unit has been recently upgraded and are move-in ready. Both units will be delivered vacant. Don't miss this rare chance to own a fully upgrade,

Location

5856 S Olive

Los Angeles, Los Angeles, CA, 90003