HANCOCK PARK

HANCOCK PARK

image-14.png

MIDWILSHIRE DUPLEX

  • Duplex had potential to be fantastic with great bones, but was in horrible condition with a hoarder living in the upper unit

  • Tenant occupied, we handled the be negotiation with the tenant to buy her out

  • Renovation and design process took 5 months from completion to move in

THE NUMBERS

​​

  • Purchase price: $1.1 million

  • After renovations, total rental income: 10,000 per month120,000 per year. 

  • A 9.5% cap rate, a return of almost 10% per year

 

BEFORE  AFTER