Deal numbers
- Est. cap rate
- 1.5%
- Assumed rent, all units
- $5,000/mo
- Units
- 2
- Price per unit
- $997,500
- Est. annual NOI
- $30,000
- 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
- $57,000
- Operating expenses
- $28,500
- Net operating income
- $28,500
- Annual debt service
- $119,455
- Annual cash flow
- -$90,955
- Cash on cash return
- -18.2%
- Down payment
- $498,750
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
- 3
- Building size
- 1,730 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 #
- 248877453
About this property
**Three newly renovated, detached residences on one LR4-zoned lot in Echo Park.** The property includes two bungalows at 2142 and 2144 Fargo Street, plus a third detached unit behind 2144, all offered together. No shared walls. Each residence features private outdoor space, off-street parking, in-unit laundry, updated appliances, and modern kitchens. A turnkey investment opportunity with a strong documented rental history and flexible owner-user or income-producing potential. The residences at 2144 Fargo Street are leased through December 31, 2026, with vacant delivery thereafter. Conveniently located near Downtown Los Angeles, Echo Park, and Silver Lake. Buyer to independently 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