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Duplex at 11442 McGirk Avenue
$950,000
11442 McGirk Avenue
El Monte, Los Angeles, 91732
Duplex · 2 units
Active · 0 days on market

Deal numbers

Est. cap rate
2.6%
Assumed rent, all units
$4,160/mo
Units
2
Price per unit
$475,000
Est. annual NOI
$24,960
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.

5.0%
50%
25%
7.00%
Effective gross income
$47,424
Operating expenses
$23,712
Net operating income
$23,712
Annual debt service
$56,883
Annual cash flow
-$33,171
Cash on cash return
-14.0%
Down payment
$237,500

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
2,016 sqft
Lot size
9,887 sqft
Year built
1962
Stories
1
Garage spaces
3
Heating
Wall Furnace
Cooling
Wall/Window Unit(s)
Pool
None
View
None
Status
Active
Days on market
0
MLS #
248822576

About this property

Fixer duplex with plenty of potential in El Monte featuring two separate structures, each with its own detached garage! The property offers a great opportunity to renovate both units for rental income, multigenerational living or a combination of both. The larger unit is a 3 bed + 2 bath offering 1,132 sq. ft. of living space and a detached two-car garage. The second unit is a 2 bed + 1 bath offering 884 sq. ft. of living space and a detached one-car garage. Both units feature separate dining areas and laundry conveniently located inside. A long driveway provides additional off-street parking. Duplex in the heart of El Monte is nearby Downtown El Monte, Whittier Narrows Recreation Area, the Santa Fe Dam Recreation Area, plenty of dining, shopping, entertainment and much more! Trust Sale.

Location

11442 McGirk Avenue

El Monte, Los Angeles, CA, 91732

Ask Alex about this property

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Alex Duarte, DRE# 01970077, First Team Real Estate

11442 McGirk Ave, El Monte CA | Multifamily for Sale