Est. cap rate

3.4%

Assumed rent, all units

$5,460/mo

Units

3

Price per unit

$316,667

Est. annual NOI

$32,760

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.

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

Triplex

Bedrooms

3

Building size

2,184 sqft

Lot size

5,917 sqft

Year built

1924

Stories

1

Garage spaces

0

Pool

None

Status

Active

Days on market

890

MLS #

202256852

About this property

This outstanding 3-unit income property on a 5,917-lot size is ideal for both seasoned investors and first-time multifamily buyers in a rapidly growing neighborhood. Two units are 3 bedrooms, 1 bath. One unit 1 bedroom, 1 bath. New roofs on both buildings. All three units have hardwood floors. The property offers 3 on-site parking spaces and very low maintenance greenery. Property is located in the City of Terrace (Los Angeles County). Conveniently near the 5, 10, 60, and 710 freeways. Located near Cal State University Los Angeles, Downtown Los Angeles, Pasadena, and San Gabriel Valley. This is an ideal investment property!

Location

2814 Wabash Avenue

Los Angeles, Los Angeles, CA, 90033