Deal numbers
- Est. cap rate
- 3.9%
- Assumed rent, all units
- $5,490/mo
- Units
- 3
- Price per unit
- $281,667
- Est. annual NOI
- $32,940
- 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
- $62,586
- Operating expenses
- $31,293
- Net operating income
- $31,293
- Annual debt service
- $50,596
- Annual cash flow
- -$19,303
- Cash on cash return
- -9.1%
- Down payment
- $211,250
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
- Building size
- 2,070 sqft
- Lot size
- 5,585 sqft
- Year built
- 1928
- Stories
- 1
- Garage spaces
- 0
- Heating
- Wall Furnace
- Cooling
- None
- Pool
- None
- View
- None
- Status
- Active
- Days on market
- 256
- MLS #
- 238115066
About this property
PRICE REDUCTION!!!!WELCOME TO AN AMAZING WELL-KEPT TRIPLEX – PRIME INCOME OPPORTUNITY! Welcome to this highly desirable, income-producing triplex located just minutes from Downtown Los Angeles with convenient access to all major freeways. This exceptional property features three separate units: #1 Bedroom / 1 Bathroom,#2: 2 Bedrooms / 1 Bathroom, #3: 2 Bedrooms / 1 Bathroom. Extensive updates have been completed throughout all three units, making this a truly turnkey investment. Improvements include: Updated kitchens and modern finishes, New flooring throughout, Upgraded bathroom vanities, toilets, and medicine cabinets, Fresh interior paint, New windows, New plumbing/piping, Updated electrical wiring and outlets, New thermostats, New smoke & carbon monoxide detectors, New water heaters, Brand NEW roof, Exterior enhancements to both front and rear units. This is the perfect starter income property or portfolio addition in a strong rental market. Tenant-Occupied – Please Do Not Disturb Tenants. Offers subject to interior inspection. Don’t miss this outstanding opportunity to own a renovated multi-unit property in one of LA’s most convenient and high-demand locations!
Location
1144 W 85th
Los Angeles, Los Angeles, CA, 90044