Deal numbers
- Est. cap rate
- 2.1%
- Assumed rent, all units
- $3,560/mo
- Units
- 2
- Price per unit
- $499,999
- Est. annual NOI
- $21,360
- 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
- $40,584
- Operating expenses
- $20,292
- Net operating income
- $20,292
- Annual debt service
- $59,877
- Annual cash flow
- -$39,585
- Cash on cash return
- -15.8%
- 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
- 2
- Building size
- 2,102 sqft
- Lot size
- 6,891 sqft
- Year built
- 1938
- Stories
- 1
- Garage spaces
- 0
- Pool
- None
- Status
- Active
- Days on market
- 0
- MLS #
- 249086775
About this property
Beautifully remodeled units at 1844 & 1846 E 62nd St in Los Angeles! Offering a combined 6 bedrooms, 3 bathrooms, and approximately 2,102 square feet of living space, these residences feature extensive updates throughout. The 1844 unit offers 3 bedrooms, 1 bathroom, and approximately 924 square feet, including a dedicated laundry room. The 1846 unit features 3 bedrooms, 2 bathrooms, and approximately 1,178 square feet. Both units have been completely remodeled with new doors, flooring, windows, roofing, and plumbing. Updated kitchens showcase new cabinetry and quartz countertops, complemented by newly remodeled bathrooms. An excellent opportunity for an investor or a buyer seeking to live in one unit and rent the other.
Location
1844 E 62nd
Los Angeles, Los Angeles, CA, 90001