This is an interesting building, there's a lot going on and that price near the beach in SoCal is intriguing.  

We used to have a duplex that the insurance alone was more than your entire cost estimate (it was in a high risk area on the beach).The 50% rule is the standard starting place for estimating expenses not including mortgage costs (principle and interest). 

I'm an investor from Long Beach California and I invest in Indianapolis Indiana.

I purchased a beach house 3 1/2 years ago for 460K and I am in contract to sell at $724K after the rental season which is a nice bonus..  

This part of rochester (the only part) does have some history of termites around the beach area.

The last option I used it for a 3 units; 2 Bdrms/1 Bath each near the beach in an average neighborhood "not a tourist area" that total monthly rents are $2,000.00 with a low monthly payment of $530.00 with insurance and taxes included.

The house is a 4/2 with a pool/spa, great area, very close to beaches, great restaurants, a state park, and more.      

Investment Info:Large multi-family (5+ units) buy & hold investment in Long Beach.

What does a plumber charge in Newport Beach for a routine call?

I have multiple properties in a FEMA Rated "minimal flood risk" zone - but still in Virginia Beach, VA.