Est. cap rate

3.2%

Assumed rent, all units

$6,400/mo

Units

2

Price per unit

$594,000

Est. annual NOI

$38,400

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

5

Bathrooms

2

Building size

1,911 sqft

Lot size

17,059 sqft

Year built

1950

Stories

1

Garage spaces

3

Heating

Ductless,Floor Furnace

Cooling

Dual,Wall/Window Unit(s),Ductless

Pool

None

View

Neighborhood

Status

Active

Days on market

16

MLS #

249093636

About this property

RARE FIND 2 HOUSES ON A HUGE LOT w/potential for more!!! Just Remodeled 2 BREAD and BUTTER units on 17,059 sqft lot in North Covina & Zoned RD3000 potential for "future" Multi-ADU expansion (excellent Investor opportunity). Individually fenced-in w/ large backyards for both units offers discrete privacy. Front house #1375 w/ 3BRs & Rear house #1377 w/ 2BRs on shared gated driveway. Located in a quiet private area away from busy street. Near schools, shopping & access to freeways. Great for Owner occupied w/ income "or" for Investors (new or seasoned w/ great Cap Rate, PF Gross monthly income $6K+/mo potential lease payments & with additional ADU's then much more). Sought after CHARTER OAK Community bordering Glendora & San Dimas. Professionally landscaped & sprinkler system on spacious yards perfect for the family to enjoy. Outdoor covered patio for entertainment & relaxation. Gated driveway to 1 & 2 car garages. Fresh interior paint, resurfaced tub, remodeled brand new bathroom, new vertical blinds on 6ft wide Pella patio door, wood laminate, tile floors, Dual MiniSplit AC & formal dining room. Spacious open living room with fireplace. Upgraded new kitchen with BRAND NEW Samsung Refrigerator, Stove/Oven & dishwasher (1375), double vent exhaust hood, 4 burner gas stove, granite counter tops, new cabinets, subway floor tiles & Italian travertine backsplash. Award winning & resident desired CHARTER OAK SCHOOL DISTRICT (verify).

Location

/1377 N Sunflower Avenue

Covina, Los Angeles, CA, 91724