Est. cap rate

1.8%

Assumed rent, all units

$7,580/mo

Units

2

Price per unit

$1,249,500

Est. annual NOI

$45,480

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

3

Building size

2,008 sqft

Lot size

2,440 sqft

Year built

1912

Stories

2

Garage spaces

2

Cooling

Wall/Window Unit(s)

Pool

None

View

Bay

Status

Active

Days on market

0

MLS #

248929588

About this property

Bayside Spanish-style duplex on the Peninsula, just one house from the sand. Both units have been completely renovated and come fully furnished with tasteful, beach-ready furnishings. The upstairs 2 bed / 1 bath unit is a highly rated short-term rental. The downstairs is a 2 bed / 2 bath. Finishes include exposed wood-beam ceilings, quartz countertops, wood-tone cabinetry, stainless appliances including a professional-style range, frameless glass showers with designer tile, French doors, and custom closet built-ins. Each unit has its own private patio. A 2-car garage and a separate laundry room next to it round out a coastal income property steps from the beach and bay.

Location

65 61st

Long Beach, Los Angeles, CA, 90803