Est. cap rate

2.4%

Assumed rent, all units

$4,220/mo

Units

2

Price per unit

$534,000

Est. annual NOI

$25,320

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

2,377 sqft

Lot size

6,789 sqft

Year built

1968

Stories

2

Garage spaces

3

Style

Traditional,Ranch

Heating

Wall Furnace,Central

Cooling

Central Air,Wall/Window Unit(s)

Pool

None

View

City Lights,Neighborhood

Status

ComingSoon

Days on market

0

MLS #

249014481

About this property

Originally custom-built in 1968 for the owner’s own family, this unique two-unit property offers thoughtfully designed floor plans, generous living spaces, and exceptional potential rarely found in a typical 2 units income property. The spacious main residence features 3 bedrooms, 2 bathrooms, and approximately 1,700 square feet of single-level living space. Highlights include an oversized living room, a functional kitchen with an additional wok kitchen area offering flexible possibilities, and a large backyard patio ideal for outdoor enjoyment. The second unit offers a well-designed 2-bedroom, 1-bathroom layout with an open kitchen and comfortable living spaces and a front patio area. Both units have separate entrances, providing added privacy and independence for each household. Additional features include three car garages, extensive concrete driveway areas with ample parking, and a dedicated laundry area. Originally designed for family use rather than as a conventional apartment building, the property offers a distinctive residential feel with practical layouts and generous space. The property has been tenant-occupied for many years, offering established rental income and an attractive opportunity for investors or buyers seeking a multi-generational living arrangement. While some features may benefit from updating, the property presents tremendous potential to enhance its value over time. Conveniently located within the Alhambra Unified School District, near schools, parks, shopping, dining, and major transportation routes, with easy access to Downtown Los Angeles and surrounding communities. Enjoy the benefits of two separate residences in one property, with the space, privacy, and flexibility of a traditional home. A wonderful opportunity with endless possibilities!

Location

1520 College View Drive

Monterey Park, Los Angeles, CA, 91754