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Duplex - Los Angeles, CA
Ocean Development duplex - all new construction in 2014. Each unit includes over 1,700 square feet of living space with 5 bedrooms and 3 full baths. Each unit is currently leased at $3,800 per month. This duplex is thoughtfully designed with one unit in front and the second unit in back - No one above or below either unit. Design features include central heating systems, dual pane vinyl frame windows, solid wood cabinets, and granite counter tops. Private interior laundry room in each unit conveniently on the second level. Property includes a 2 car garage. We feel this is the best investment property opportunity when combining price, design, year built, quality of construction, location, features, and return on investment. Actual annual gross rental income: $91,200, Estimated Net annual rental income: $56,220. Estimated 5.35% Cap Rate.
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