Deal numbers
- Est. cap rate
- 4.8%
- Assumed rent, all units
- $7,200/mo
- Units
- 4
- Price per unit
- $224,750
- Est. annual NOI
- $43,200
- 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
- $82,080
- Operating expenses
- $41,040
- Net operating income
- $41,040
- Annual debt service
- $53,830
- Annual cash flow
- -$12,790
- Cash on cash return
- -5.7%
- Down payment
- $224,750
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
- 4,352 sqft
- Lot size
- 7,875 sqft
- Year built
- 1921
- Stories
- 2
- Garage spaces
- 0
- Heating
- Wall Furnace
- Cooling
- None
- Pool
- None
- View
- None
- Status
- Active
- Days on market
- 101
- MLS #
- 238095197
About this property
Come take a look at this quadruplex fixer opportunity offering strong investment potential. The property consists of four units. One unit is a 2-bedroom, 1-bath that has been viewed and features a spacious kitchen with ample cabinet space and an open counter opening to the living area, along with a small bonus walk-in room off the kitchen, suitable for a pantry, office, or storage use. Per Seller, the remaining three 1-bedroom 1-bath units also include a bonus room; however, these units have not been viewed. Buyer to verify all information.
Location
1307 W Martin Luther King Jr Boulevard
Los Angeles, Los Angeles, CA, 90037