Est. cap rate

1.9%

Assumed rent, all units

$6,240/mo

Units

2

Price per unit

$997,500

Est. annual NOI

$37,440

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

4

Bathrooms

2

Building size

1,264 sqft

Lot size

7,469 sqft

Year built

1910

Stories

1

Garage spaces

0

Cooling

Ductless

Pool

None

View

None

Status

Active

Days on market

0

MLS #

248822568

About this property

Three newly renovated, detached hillside residences on a single Echo Park lot: two bungalows at 2142 & 2144 Fargo St plus an additional unit tucked behind 2144, offered together. There are no shared walls. Each residence has its own private outdoor entertaining space, off-street parking, and an in-unit washer and dryer. Perched up the hill and away from the bustle below, the property is filled with natural light throughout. The interiors feature modern appliances, and the open kitchen centers on an island made for cooking and gathering. Every space is turn-key. Live in one and rent the others, hold the property as an investment, or create a private compound with room to host guests or work from home. The property has a strong rental history, with documentation available. The bungalow and additional unit offer a great income generating opportunity at 2144 Fargo St. They are leased through December 31, 2026, and the property will be delivered fully vacant thereafter. Conveniently located within close proximity to Downtown Los Angeles, and minutes from the shops, restaurants, and coffee spots in Echo Park and Silverlake. Buyer to verify square footage (lot and structure) and all MLS information. Broker does not represent or guarantee accuracy of the square footage, bedroom/bathroom count, lot size or lot lines/ dimensions, permitted or unpermitted spaces, school boundary lines or eligibility, or other information concerning the conditions or features of the property. Buyer is advised to independently verify the accuracy of all information.

Location

2142 Fargo Street

Los Angeles, Los Angeles, CA, 90039