Est. cap rate

2.2%

Assumed rent, all units

$6,880/mo

Units

4

Price per unit

$475,000

Est. annual NOI

$41,280

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

Quadruplex

Bedrooms

4

Building size

4,918 sqft

Lot size

9,036 sqft

Year built

1897

Stories

2

Garage spaces

0

Heating

Combination,Central

Cooling

Central Air,Wall/Window Unit(s)

Pool

None

View

Neighborhood

Status

Active

Days on market

97

MLS #

237193568

About this property

Renovated quadplex in Lincoln Heights boasts 4,918 sqft on a generous 9,036 sqft lot. The front building, a two-story structure from 1897, exudes charm and is meticulously maintained. Offering 4 bright and spacious bedrooms with 2 bathrooms, including 2 upstairs bedrooms with walk-in closets, it features an open kitchen and spacious dining area. Additionally, a newer back building constructed in 1999 comprises three (3) units, 2 units with 3 bedrooms and 2 bathrooms. The garage recently converted into an ADU, with 2 bedrooms, 2 bathrooms spread across 936 sqft with permitted. Totaling 12 bedrooms and 8.5 bathrooms. Strategically situated in Lincoln Heights, it provides easy access to Keck USC, the Arts District, Downtown LA, and Pasadena, making it an ideal investment opportunity for homeowners seeking rental income. High rental demand area and great opportunity for investors. Don't let this opportunity pass you by!

Location

3020 Baldwin Street

Los Angeles, Los Angeles, CA, 90031