Est. cap rate

2.9%

Assumed rent, all units

$4,020/mo

Units

2

Price per unit

$417,500

Est. annual NOI

$24,120

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

2,016 sqft

Lot size

2,200 sqft

Year built

1919

Stories

2

Garage spaces

0

Pool

None

Status

ComingSoon

Days on market

0

MLS #

249087364

About this property

Excellent opportunity for owner-occupants eligible for up to $15,000 in grant funding! Duplex is located in a strong rental market, just blocks from St. Mary’s Medical Center, the Metro, Downtown Long Beach, and the ocean. The property consists of two 2-bedroom, 1-bathroom units, each offering over 1,000 square feet of living space. Both units include laundry hook-ups and off-street parking. Top unit delivered vacant. Additionally, Seller may be willing to cover a portion of a buyer's closing costs.

Location

811 Lime Avenue

Long Beach, Los Angeles, CA, 90813