Deal numbers
- Est. cap rate
- 3.1%
- Assumed rent, all units
- $5,600/mo
- Units
- 2
- Price per unit
- $550,000
- Est. annual NOI
- $33,600
- 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
- $63,840
- Operating expenses
- $31,920
- Net operating income
- $31,920
- Annual debt service
- $65,865
- Annual cash flow
- -$33,945
- Cash on cash return
- -12.3%
- Down payment
- $275,000
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
- 6
- Bathrooms
- 3
- Building size
- 1,716 sqft
- Lot size
- 6,030 sqft
- Year built
- 1948
- Stories
- 1
- Garage spaces
- 2
- Heating
- None
- Cooling
- None
- Pool
- None
- View
- None
- Status
- Active
- Days on market
- 0
- MLS #
- 248964266
About this property
LOCATION, LOCATION, LOCATION! Exceptional income-producing property in a highly convenient Inglewood location, just minutes from SoFi Stadium, Intuit Dome, LAX, Hollywood Park Casino, shopping, dining, entertainment, and major transportation routes. The property features two front units, each offering 2 bedrooms and 1 bathroom, plus a newly updated and permitted rear unit, providing excellent additional rental income potential. The front residence offers a spacious, open floor plan, along with a long driveway providing ample off-street parking. Additional features include newer windows, ceramic tile flooring in the kitchens and bathrooms, and hardwood flooring throughout the main living areas. The rear garage also includes an extension that was previously utilized as living quarters, offering additional flexibility and potential use. With multiple permitted units, generous parking, and close proximity to Inglewood’s premier entertainment destinations, this property is an excellent opportunity for investors seeking strong income potential or owner-users looking to live in one unit while generating rental income from the others. Don’t miss this outstanding investment opportunity!
Location
10318 S Freeman Ave
Inglewood, Los Angeles, CA, 90304