Deal numbers
- Est. cap rate
- 4.7%
- Assumed rent, all units
- $5,820/mo
- Units
- 3
- Price per unit
- $248,333
- Est. annual NOI
- $34,920
- 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
- $66,348
- Operating expenses
- $33,174
- Net operating income
- $33,174
- Annual debt service
- $44,609
- Annual cash flow
- -$11,435
- Cash on cash return
- -6.1%
- Down payment
- $186,250
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
- 1,476 sqft
- Lot size
- 5,550 sqft
- Year built
- 1954
- Stories
- 1
- Garage spaces
- 3
- Heating
- Wall Furnace
- Pool
- None
- Status
- Active
- Days on market
- 620
- MLS #
- 218202308
About this property
Welcome to this charming TRIPLEX located at 1405 Lagoon Ave in Wilmington, CA. Each unit consists of 1 bed 1 bath w/garage and an ample 5,500 square foot lot. Property boasts, double pane windows, newer roof, copper plumbing, newer wall heaters, laminate flooring in all 3 kitchens. Units 1407 and 1409 kitchens w/granite counters. Conveniently located to churches, groceries, parks, schools, frwy's and transportation, making this TRIPLEX GEM a great start or additon to your real estate portfolio. DO NOT DISTURB OCCUPANTS..DRIVE BY ONLY
Location
1405 Lagoon Avenue
Wilmington, Los Angeles, CA, 90744