Deal numbers
- Est. cap rate
- 3.6%
- Assumed rent, all units
- $7,280/mo
- Units
- 4
- Price per unit
- $299,975
- Est. annual NOI
- $43,680
- 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
- $82,992
- Operating expenses
- $41,496
- Net operating income
- $41,496
- Annual debt service
- $71,847
- Annual cash flow
- -$30,351
- Cash on cash return
- -10.1%
- Down payment
- $299,975
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
- 4,436 sqft
- Lot size
- 10,000 sqft
- Year built
- 1913
- Stories
- 2
- Garage spaces
- 0
- Pool
- None
- Status
- Active
- Days on market
- 147
- MLS #
- 237034190
About this property
This well-maintained 4-unit income property features an attractive rental layout, with each unit offering 1 bedroom, 1 bathroom plus a Den that can function as a 2nd bedroom.enhancing rental flexibility and income potential. The property has been carefully cared for and consistently maintained over the years, minimizing deferred maintenance. Ideally located near the University of Southern California campus, it benefits from strong tenant demand, excellent proximity to the university, and a highly desirable rental market, making it a compelling investment opportunity.
Location
2955 Van Buren Place
Los Angeles, Los Angeles, CA, 90007