Deal numbers
- Est. cap rate
- 5.8%
- Assumed rent, all units
- $7,280/mo
- Units
- 4
- Price per unit
- $187,500
- 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
- $44,908
- Annual cash flow
- -$3,412
- Cash on cash return
- -1.8%
- Down payment
- $187,500
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
- 2,665 sqft
- Lot size
- 6,372 sqft
- Year built
- 1898
- Stories
- 2
- Garage spaces
- 0
- Heating
- None
- Cooling
- Wall/Window Unit(s)
- Pool
- None
- Status
- Active
- Days on market
- 251
- MLS #
- 237940773
About this property
Exceptional Investment Opportunity in the Heart of Boyle Heights! This fully occupied four-unit income property offers strong cash flow, pride of ownership, and recent upgrades making it an ideal addition to any investor’s portfolio. The property features a versatile unit mix: Unit #1 offers a spacious 2 bedroom, 1 bath layout with laundry hookups plus a bonus room; Unit #2 is a 2 bedroom, 1 bath unit; Unit #3 is a studio apartment with 1 bath; and the detached back house includes a 1 bedroom, 1 bath floor plan with laundry hookups and a private porch, providing excellent rental flexibility and tenant appeal. All units showcase updated kitchens and bathrooms, while major capital improvements include plumbing replaced, a newer roof, and upgraded electrical wiring, delivering long-term peace of mind and reduced maintenance costs. Ideally located near Hollenbeck park and offering convenient access to the 5, 60, and 101 freeways, this property provides excellent connectivity throughout Los Angeles. A rare opportunity to acquire a multi-unit asset in a high demand rental corridor perfect for investors seeking stable income and long-term appreciation.
Location
443 S State
Los Angeles, Los Angeles, CA, 90033