Newer Construction Duplex built by Ocean Development in 2016. Updated in March 2025. Each unit includes approximately 1,750 square feet with 5 bedrooms and 3 full baths. Unit 343 receives $5,026 monthly rental income. Unit 341 receives $4,000 monthly rental income. Thoughtfully designed with one unit… Read More 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 on the second level of each unit. Property includes a 3 car garage. We feel this is the best investment property opportunity in the area combining modern construction, quality of construction, location, superior features, and superior rental income. This property returns an estimated 6.2% Cap Rate based on Actual annual gross rental income of $108,312, with estimated Net annual rental income of 77,812. Estimated 11.6xGRM. Read Less
Property listed by RE/MAX College Park Realty, Cary Hairabedian 714-960-2449
Listing Snapshot
Days Online
15
Last Updated
Property Type
Duplex
Lot Size
0.13 Acres
Year Built
2016
MLS Number
PW25187105
30 Days Snapshot Of 90003
$614k
+17%
(avg) sold price
5
0%
homes sold
120
+31%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
FreeStandingRange, GasRange, WaterHeater
Building
Built in 2016, Building area total: 3,506, Levels: Two, 2 stories, 1 building, Architectural style: , Attached, Common walls: OneCommonWall, Construction materials: Stucco
Community
Sidewalks
Cooling
None
Accessibility Features
Accessibility features: None
Expenses
Gardener expense: $780, Insurance expense: $2,000, Licenses expense: $240, New taxes expense: $15,625, Operating expense: $30,500, Water sewer expense: $6,700
Fence
Wood, WroughtIron
Fireplaces
None
Floors
Carpet
Garage
3 spaces
Heating
Central
Income
Gross income: $108,312, Net operating income: $77,812
Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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