Est. cap rate

3.7%

Assumed rent, all units

$9,800/mo

Units

4

Price per unit

$400,000

Est. annual NOI

$58,800

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.

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

5,540 sqft

Lot size

8,529 sqft

Year built

1921

Stories

2

Garage spaces

4

Heating

Natural Gas,Wall Furnace

Cooling

Wall/Window Unit(s)

Pool

None

View

None

Status

Active

Days on market

79

MLS #

239094771

About this property

Centrally located in Mid-Wilshire and Koreatown areas. It is a four-unit complex of 2 bedrooms and 1 bath each. Each unit is about 1360 square ft with a fireplace, living room, dining room, laundry room and family room. It is a perfect investment with a big lot and potential for ADU'S addition. Very low vacancy, minutes away from the freeway and downtown LA. near to local hotspots, dining, and public transportation, offering tenants comfort and accessibility. Long term and cooperative tenants. Four garages and ample parking area in back for tenants and guests. A high demand rental area. A lot of potential for rent increase as current rents are very low compared to market rent.

Location

109 S Catalina Street

Los Angeles, Los Angeles, CA, 90004