Est. cap rate

4.5%

Assumed rent, all units

$7,480/mo

Units

2

Price per unit

$499,500

Est. annual NOI

$44,880

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

1,454 sqft

Lot size

5,863 sqft

Year built

1921

Stories

1

Garage spaces

1

Heating

Forced Air

Cooling

Central Air,Wall/Window Unit(s)

Pool

None

View

None

Status

ComingSoon

Days on market

0

MLS #

249015762

About this property

Rare Duplex Opportunity in La Crescenta! Nestled on a quiet street in a desirable neighborhood renowned for its excellent schools, these two properties rest side by side offering versatile living. The light-filled 3-bedroom, 2-bathroom main residence boasts an effortless layout featuring a private back deck and a spacious yard --great for entertaining. Additional amenities include a sizable basement for storage, earthquake retrofitting in 2024 and new irrigation in 2025. Privately situated side-by-side, the detached 1-bedroom, 1-bathroom ADU features its own separate address, a sweet covered front porch, a kitchen, dedicated dining area, private laundry, and two designated parking spaces. Merely minutes from the boutique shops and dining of downtown Montrose with seamless freeway access to Glendale and Pasadena, this duplex property offers unmatched potential as an investment or a multi-generational opportunity.

Location

2946 Fairway Avenue

La Crescenta, Los Angeles, CA, 91214