Est. cap rate

2.4%

Assumed rent, all units

$5,740/mo

Units

2

Price per unit

$725,000

Est. annual NOI

$34,440

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

2,604 sqft

Lot size

8,848 sqft

Year built

1940

Stories

1

Garage spaces

2

Style

Spanish

Heating

Fireplace(s),Wall Furnace,Central

Cooling

Central Air,Wall/Window Unit(s)

Pool

None

View

Neighborhood

Status

Active

Days on market

1

MLS #

249374829

About this property

Timeless charm meets beautifully updated comfort in this inviting Spanish Revival-style property featuring two homes on one lot. An arched front door with a speakeasy window offers a quaint welcome, opening to a home filled with graceful architectural details, beautifully refinished wood flooring, and soaring arched ceilings reaching approximately 13 feet. Charming arches throughout and distinctive Palladian windows in the dining area bring character and natural light into the living spaces. A gas fireplace adds warmth to the living room, while beautiful French doors invites you outside. Accessible from the living room the covered patio creates a welcoming setting for morning coffee, outdoor dining, or simply unwinding. Renovated in 2021, the front home features updated PEX plumbing, dual pane windows, kitchen, and bathroom, complemented by newer HVAC, and tankless water heater. The open kitchen features white Shaker-style cabinetry with soft-close drawers, a 6-burner KitchenAid stove, and breakfast bar. Space for a coffee bar makes morning routines a little sweeter. The updated bathroom includes an elegant tub-and-shower combination featuring a frameless glass enclosure and dual showerheads. An elegant, furniture-style white vanity features a gray-and white veined countertop, paneled cabinet doors and eight drawers provide generous storage, while an arched mirror and 4-light fixture complete the beautiful look. A bonus room adjoining one bedroom offers flexible space for a home office, retreat, or the possibility of creating a primary suite with an additional bathroom. The well-maintained rear home offers two bedrooms, one bathroom, plentiful storage, and a separate backyard to enjoy and relax. French doors open from the living room to the private backyard. The bathroom features a reglazed bathtub, new vanity, and new commode. Both bedrooms have window units providing air conditioning and heat, while the dining area has a cooling-only wall air conditioner. Additional features include a front security screen door and a new roof installed in 2025. The rear home is attached to the two-car garage, which is detached from the front residence and includes a separate laundry area serving the rear unit. Whether you envision living in the front home and renting the rear residence or creating space for extended living, this property offers wonderful flexibility. Also cross listed under Residential Income. {{Click on the virtual tour}}

Location

1505 S Garfield Avenue

Alhambra, Los Angeles, CA, 91801