Wholesale

Jefferson Park Duplex @ existing 6 CAP.

2174 W 30th St, Los Angeles, CA 90018

$1,150,000 After Repair Value -
$950,000 Asking Price -
$0 Cost of Repairs =
$200,000 Potential Profit

Property Details

Asking Price $950,000

After Repair Value $1,150,000

Costs of Repairs $0

Potential Profit $200,000

Living Area 2488 ft2

Property Type Duplex

Bedrooms 4

Bathrooms 2

Half Bathrooms N/A

Parking 1

Listed with Agent 1

EPI (Estimated Potential Income)

Potential Rental Income N/A

Yearly Expenses N/A

Property Taxes N/A

Net Operating Income $57,000

Cap Rate 6

Property Description

2174 and 2176 W 30th Street; 950k Duplex in Jefferson Park has been fully remodeled. Seller must close before end of year, no financing (unless hard $/ bridge)3+1; 1+1; and garage has been rented to the 3+1 for $800 monthly.3+1 is rented for $3850.1+1 Vacant (was previously rented for $1850 monthly).Garage $800.Tenants pay all utilities except water and trash. Plumbing has not been fully updated: mix of PVC, copper, and cast iron. With that unit rented out: Monthly income is $6500.Annual: $78,000. 12.18 GRM6 CAP on actual expenses. -

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Damon Nazari

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