Deal numbers
- Est. cap rate
- 2.5%
- Assumed rent, all units
- $9,240/mo
- Units
- 4
- Price per unit
- $550,000
- Est. annual NOI
- $55,440
- 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
- $105,336
- Operating expenses
- $52,668
- Net operating income
- $52,668
- Annual debt service
- $131,730
- Annual cash flow
- -$79,062
- Cash on cash return
- -14.4%
- Down payment
- $550,000
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
- Quadruplex
- Bedrooms
- 4
- Building size
- 3,524 sqft
- Lot size
- 6,076 sqft
- Year built
- 1992
- Stories
- 2
- Garage spaces
- 0
- Style
- Craftsman
- Heating
- Wall Furnace
- Cooling
- Whole House Fan,Wall/Window Unit(s)
- Pool
- None
- View
- Mountain(s),City Lights,Neighborhood
- Status
- Active
- Days on market
- 69
- MLS #
- 237461116
About this property
Located in the heart of Mid-City Los Angeles, this expansive multi-unit property at 2632 W 16th Pl offers exceptional flexibility and long-term upside. The property features 11 bedrooms, 7 bathrooms, and 4 bonus rooms, providing versatile layouts ideal for owner-users, multigenerational living, or investment opportunities. Spacious units offer generous living areas, abundant natural light, and strong potential for value-add improvements and market rent optimization. Centrally located near Downtown LA, Culver City, Koreatown, USC, major transit routes, dining, and shopping, this property benefits from consistent demand in a highly connected neighborhood. Estimated market rents of $13,500–$17,500+ per month (buyer to verify). A rare opportunity to acquire a well-located Mid-City asset offering location, flexibility, and future growth potential. All units delivered vacant. Pro forma rents shown; buyer to verify market rent and operating expenses. Excellent opportunity for owner-user or value-add investor.
Location
2632 W 16th
Los Angeles, Los Angeles, CA, 90019