Est. cap rate

2.4%

Assumed rent, all units

$3,500/mo

Units

2

Price per unit

$442,450

Est. annual NOI

$21,000

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

1,558 sqft

Lot size

6,526 sqft

Year built

1916

Stories

1

Garage spaces

0

Heating

Space Heater

Cooling

None

Pool

None

Status

Active

Days on market

0

MLS #

249092677

About this property

Properties as exceptional as this one rarely come on the market! This is one of those opportunities you do not want to miss! Featuring two beautifully remodeled and well- maintained detached homes, each offering two bedrooms, one bathroom, and its own separate storage space. The property also provides parking for at least four vehicles- a highly desirable feature in an area where parking is at a premium. Conveniently situated in a centrally located neighborhood, this property offers easy access to shopping, restaurants, public transportation, and Downtown Los Angeles. Just a few blocks from the iconic El Mercadito, residents can enjoy the convenience of nearby amenities and the vibrant surrounding community. This Property won't last long. Unit 121 to be delivered vacant at the close of escrow while Unit 119 offers the buyer the option to retain the existing tenants, subject to applicable tenancy laws. Please do not disturb tenants, showings are strictly by appointment only for serious, pre approved buyers only.

Location

119 N Hicks

Los Angeles, Los Angeles, CA, 90063