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Updated 11 months ago on . Most recent reply

User Stats

9
Posts
10
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Margarita A.
  • New to Real Estate
10
Votes |
9
Posts

Help analyzing duplex deal in West Adams

Margarita A.
  • New to Real Estate
Posted

Duplex in West Adams area.

Asking $830000

Spanish style house on a nice street with similar houses, mixed single family and duplexes.

2 units total, 2b/1b and 1b/1b

About 1600 sq feet total

I think 2 bedroom could be rented for at lest about $2500 and 1 bedroom for around $1800-2000.
I will live in one of them though.

Also has a 2 car garage which can be converted into ADU.

Has parking plus street parking.

Both units need reno.

Considering that all units need renovations and I will live in one unit and rent the other and that at some point I will convert garage into ADU.
Does it still seem like a good deal? 
Based on my calculations it seems a bit overpriced. I am looking for an appreciation and to cover most of my mortgage.

Also any tips how much such reno could cost are highly appreciated.

thank you

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