Deal numbers
- Est. cap rate
- 2.2%
- Assumed rent, all units
- $6,240/mo
- Units
- 3
- Price per unit
- $556,000
- Est. annual NOI
- $37,440
- 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
- $71,136
- Operating expenses
- $35,568
- Net operating income
- $35,568
- Annual debt service
- $99,875
- Annual cash flow
- -$64,307
- Cash on cash return
- -15.4%
- Down payment
- $417,000
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
- Triplex
- Bedrooms
- 3
- Bathrooms
- 2
- Building size
- 3,065 sqft
- Lot size
- 12,313 sqft
- Year built
- 1934
- Stories
- 1
- Garage spaces
- 2
- Heating
- Wall Furnace
- Cooling
- Wall/Window Unit(s)
- Pool
- None
- View
- None
- Status
- Active
- Days on market
- 136
- MLS #
- 237400065
About this property
Excellent investment opportunity with good CAP rate. This income-producing corner lot offers a rare combination of residential and commercial uses with strong, stable cash flow. The property features a commercial duplex with prime Garvey Avenue frontage located at 11534 Garvey Ave. One unit is occupied by a long-established hair salon that has successfully operated at this location for many years another commercial occupy as religious room. Located behind the commercial building is a tenant-occupied single-family residence at 2843 Meeker Ave. Separate utility meters for the residential and the commercial units. In addition, a large rear lot is currently leased to a nearby auto shop for parking, providing supplemental rental income. Both the commercial duplex, the residential unit, and leased lot contribute to consistent monthly revenue. All tenants are on month-to-month leases, offering flexibility for future repositioning, redevelopment, or rent adjustments. This well-sized corner lot presents strong upside potential and multiple value-add opportunities, making it ideal for investors seeking both immediate income and long-term growth.
Location
2843 Meeker
El Monte, Los Angeles, CA, 91732