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yourdomain > Los Angeles > house/condo > $725,000 / 7br - 2488ft2 - SOUTH LA BUNGALOW DUPLEX!! (LOS ANGELES)

$725,000 / 7br - 2488ft2 - SOUTH LA BUNGALOW DUPLEX!! (LOS ANGELES)

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Posted : Tuesday, May 14, 2024 03:17 AM

MARKET SOUTH LA BUNGALOW DUPLEX!! MULTIPLE EXIT STRATEGIES FLIP OR BUY AND HOLD!! RENTS FOR 3/1 AROUND $2800 AND 4/1 RENTS AROUND $3200!! COMBINED RENTS AROUND $6000K WE ARE AROUND 2400 SQ FT REFLECTED ALL ON TAX!! FRONT UNIT 4/1 AND BACK UNIT 3/1 BUYER TO DO ALL DUE DILIGENCE!! NOT TO MENTION WE HAVE 3 PARKING SPACES IN THE BACK THAT REFLECT ON TAX!! DON'T MISS OUT ON THIS RARE SOUTH LA DUPLEX DELIVERED VACANT!! DO NOT HAVE YOUR INVESTORS GO DIRECT!! FLIP Comps: Comps are pretty straightforward.
$900k is the floor! This thing can easily get $910k!! 1623 E 32nd Street - Best remodeled comp!! sold for $910K smaller sq ftg!! 6be 4 bath around 2200 sq ft NO PARKING SPACES 4033 Adair Street - .
Purchased by an investor! Smaller property, 5 bed 2 bath, just under 2000 sq ft closed @ $900k RENTAL COMPS: For 3 bed 1 bath rents average around $2800 For 4 bed 1 bath rents average around $3200 .
Refer to the packet for rental comps RENTAL BREAKDOWN $6000-$6500 rents $6500 x 12 = $78k Minus expense of 20% = $62,400 $62,400 (Net operating income) then div by p.
p and rehab sit around 6% cap $1000 cash flow $160k after loan 88 per door Rehab: Highly desired area in LA!! If your investor puts in good work they should do very well with this one.
Floorplan on the front unit is odd but fixable!! Highlights: -OFF MARKET -DELIVERED VACANT -LOW PRICE POINT!! -Highly desirable area!! - FLIP OR BUY AND HOLD!! Objections: Each unit only has one bath! Correct, this is fixable either add a bath or rent each as 1 bath since it is currently still renting! David 424-256-021SIXXXXXXxx For quick response call or text me.
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• Phone : NA

• Location : Los Angeles,CA

• Post ID: 9095571507


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