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Hot Duplex Investment in Glassell Park – $239,000

Glassell Park, Los Angeles, CA 90065, USA
Triangle 1 Created with Sketch. Sold Triangle 1 Created with Sketch. $239,000 - Duplex

Front house is a 3/2 that should generate about $2250/mo. The back house is a 1/1 that should fetch about $1000/mo. – Est $3,250 gross. You will spend approx $60K to finish it up. That means a total of $320K out of pocket. Then you can get a ‘take-out’ loan on the back end and finance it conventionally. It is in an upside Glassell Pk location as well. Plenty of parking.

If you can do all cash this one’s a winner ! It already has a couple of all cash offers over asking price. But if you are prepared to pay about $260K this one will pencil out handsomely . It is a 2-on-a-lot.

Front house is a 3/2 that should generate about $2250/mo. The back house is a 1/1 that should fetch about $1000/mo. – Est $3,250 gross. You will spend approx $60K to finish it up. That means a total of $320K out of pocket. Then you can get a ‘take-out’ loan on the back end and finance it conventionally. It is in an upside Glassell Pk location as well. Plenty of parking.

This should generate a monthly NET income of about $1650 per month. This translates into a whopping 14.6% cash on cash return. Again, it’s in an upside location to boot.

If you are interested get in touch with me, but as there are already offers you have to move fast.

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