Updated Duplex in sought after Pico-Union Over 8% Cap Rate

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Brought to you by our Expert Team of Realtors

Pocket Listing –

STATUS: SOLD! Before Processing

Updated Duplex in sought after Pico-Union
Within 3 Miles of trendy LA-Live and Nokia Center
$48,000 Annual Income
$460,000 8.4% CAP!!
2,654 sf under the roof 5,169 sf lot

Limited Showings available – Please call to preview before the property goes on the market

 

Income/Expences

List Price  $460,000

1153 Westlake Avenue , Los Angeles  North of Pico/West of Alvarado St.

Annual Income : as of July 1, 2013
1-BDRM: $12,000 ($1000/month)
Single $ 9,600 ($800/month)
PLUS
4 additional Rooms each pay $550 per month
Total of $26,400 ($2,200/month )
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Total: $48, 000

Annual operating expenses:
Water/Electric : $2,400 ($200 /mo.)
Property insurance $1,200
Property taxes: $5,750
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Total: $9,350

Net Operating Income: $ 38,650

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