Est. cap rate

2.5%

Assumed rent, all units

$6,080/mo

Units

2

Price per unit

$729,500

Est. annual NOI

$36,480

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

2

Building size

1,463 sqft

Lot size

2,962 sqft

Year built

1924

Stories

2

Garage spaces

2

Style

Spanish

Heating

Wall Furnace

Cooling

None

Pool

None

Status

Active

Days on market

0

MLS #

248961976

About this property

2 Bedroom Home plus a 2 Bedroom apartment in the heart of coveted Belmont Shore. One block from the beach and one block to vibrant 2nd Street shopping, restaurants, and cafés. The front home, 123 Park Ave, has two bedrooms, one bath, a separate kitchen, and timeless character. The rear unit, 125 Park Ave is upstairs over two single-car garages and is also 2 Bedrooms 1 Bath. An excellent opportunity for an investor or owner-occupant looking to enjoy the Belmont Shore lifestyle while receiving rental income from the second unit. Located on a wonderful tree lined street - whether you are grabbing your morning espresso or enjoying a sunset dinner, the best of the Shore is right at your doorstep!

Location

123 Park Ave

Long Beach, Los Angeles, CA, 90803