Deal numbers
- Est. cap rate
- 3.5%
- Assumed rent, all units
- $5,820/mo
- Units
- 2
- Price per unit
- $500,000
- Est. annual NOI
- $34,920
- 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
- $66,348
- Operating expenses
- $33,174
- Net operating income
- $33,174
- Annual debt service
- $59,877
- Annual cash flow
- -$26,703
- Cash on cash return
- -10.7%
- Down payment
- $250,000
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
- 4
- Bathrooms
- 2
- Building size
- 1,847 sqft
- Lot size
- 1.03 sqft
- Year built
- 1923
- Garage spaces
- 2
- Style
- Ranch
- Heating
- Ductless
- Cooling
- Ductless
- Pool
- None
- View
- Hills
- Status
- Active
- Days on market
- 0
- MLS #
- 248992175
About this property
Rare opportunity to own a unique ranch property in Shadow Hills. Situated on an 1.03-acre lot zoned for equestrian use, the property features three residential units, a four-stall horse barn, and a detached two-car garage. The main residence offers approximately 1,155 sq. ft. of living space with 2 bedrooms and 1 bathroom and is in need of rehabilitation and repairs. A second unit offers approximately 672 sq. ft. of living space with 1 bedroom, 1 bathroom, and its own indoor laundry. A third unit features approximately 580 sq. ft. of living space with 1 bedroom, 1 bath, and its own dedicated laundry area.
Location
9735 Wheatland Avenue
Los Angeles, Los Angeles, CA, 91040