Deal numbers
- Est. cap rate
- 3.9%
- Assumed rent, all units
- $7,400/mo
- Units
- 4
- Price per unit
- $282,000
- Est. annual NOI
- $44,400
- Expense assumption
- 50%
Estimates only, based on HUD Fair Market Rents (a conservative 40th percentile floor) and a standard 50% operating expense assumption. Not a guarantee of income or value. Ask Alex for a pro forma using comparable rent data.
Run your own numbers
Adjust the assumptions to see cash flow and cash on cash return.
- Effective gross income
- $84,360
- Operating expenses
- $42,180
- Net operating income
- $42,180
- Annual debt service
- $67,542
- Annual cash flow
- -$25,362
- Cash on cash return
- -9.0%
- Down payment
- $282,000
Illustration only, using a 30 year loan and your assumptions above. Not a loan offer, financial advice, or a guarantee. Confirm financing and actual rents independently.
Property details
- Type
- Quadruplex
- Bedrooms
- 4
- Building size
- 4,112 sqft
- Lot size
- 9,218 sqft
- Year built
- 1955
- Stories
- 2
- Garage spaces
- 4
- Heating
- Wall Furnace
- Cooling
- None
- Pool
- None
- View
- None
- Status
- Active
- Days on market
- 0
- MLS #
- 244724995
About this property
Excellent investment opportunity in Compton! 1024 W. Reeve St. is a four-unit residential income property featuring two 3-bedroom, 1-bath units and two 2-bedroom, 1-bath units. The property is being delivered 100% vacant and rent-ready, allowing the new owner to immediately lease the units, select their own tenants, and establish new rental income. Based on projected Section 8 rents of $3,098 per month for each 3-bedroom unit and $2,490 per month for each 2-bedroom unit, the property has the potential to generate approximately $11,176 in gross monthly rental income and $134,112 in gross annual rental income. Using estimated operating expenses of 25% of gross rental income ($33,528 annually), the property has a projected Net Operating Income (NOI) of approximately $100,584 per year. Offered at $1,128,000, the property provides an estimated 8.9% capitalization rate based on projected rents and estimated operating expenses of 25%, presenting a compelling opportunity for investors seeking strong income potential and long-term cash flow. Cap rate %8.9 Conveniently located near shopping, schools, public transportation, and major freeways. With all four units delivered vacant and rent-ready, the property offers an investor the opportunity to immediately begin leasing the units and maximizing its income potential.
Location
1024 W Reeve
Compton, Los Angeles, CA, 90220