Est. cap rate

3.1%

Assumed rent, all units

$4,580/mo

Units

2

Price per unit

$437,500

Est. annual NOI

$27,480

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

1,275 sqft

Lot size

3,692 sqft

Year built

1922

Stories

1

Garage spaces

0

Style

Craftsman,Bungalow

Cooling

Wall/Window Unit(s)

Pool

None

View

Neighborhood

Status

Active

Days on market

0

MLS #

249055435

About this property

Rare Eagle Rock Craftsman Duplex Opportunity! 1220 and 1222 Neola Street represent the perfect blend of historic charm, modern versatility and prime location with this endearing Craftsman Bungalow duplex in high-demand Eagle Rock. Character rich and beautifully preserved, this property features two separate units, each offering 2 bedrooms and 1 bath, making it an ideal house hack to live in one unit and leverage the rental income from the second toward your mortgage. Each light-filled unit boasts original hardwood floors and historic craftsmanship. The kitchens are a vintage lover's dream, with period tile and original cabinetry. There are details like the black and white bathroom in unit 1220 that display timeless appeal. The layout ensures privacy between the two units. Step outside into your own private garden oasis with lush native gardens that create a serene, low-maintenance landscape. Both units enjoy their own dedicated outdoor spaces perfect for entertaining, gardening and relaxing. The location caters to the ultimate Northeast L.A. lifestyle. You are moments away from the restaurants and shops on Colorado Boulevard and you can also enjoy neighboring Highland Park’s most vibrant nightlife, art and shopping scene along Figueroa and York Boulevard. This charming gem delivers unparalleled value and lifestyle!

Location

1220 Neola Street

Los Angeles, Los Angeles, CA, 90041