Est. cap rate

3.6%

Assumed rent, all units

$8,010/mo

Units

3

Price per unit

$450,000

Est. annual NOI

$48,060

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

Triplex

Bedrooms

8

Bathrooms

5

Building size

2,980 sqft

Lot size

8,316 sqft

Year built

1956

Stories

2

Garage spaces

2

Heating

Natural Gas,Electric,Forced Air

Cooling

Central Air

Status

Active

Days on market

104

MLS #

240365550

About this property

Back on the market! Due to no fault of seller, this amazing home is available again! Rare opportunity to own a cash flowing compound! Live in and have half mortgage paid or rent all for high quality return! Currently all three units are rented. Drive by only, please do not disturb occupants. Main house, 7754 Delco Ave is nearly 1,700 SF and features 4 beds (3+open office), 3 baths, a breezeway that attaches to a 2 car garage. Remodeled in 2020 including a new roof and electrical panels, the home features quartz counters and stainless appliances, luxury vinyl plank floors, wood windows and a lovely fully fenced yard. Current lease is month to month. Tenant requires 60 days notice if buyer wants to move in. Behind the 2 car garage is 7756 and 7756 1/2 Delco Ave, a fully permitted 1200 SF 2 story ADU that has been divided into two apartments. 7756 1/2 is the smaller second floor apartment and is 500 square feet with an eat in kitchen, private laundry, 2 bedrooms and 1 bath and offers a huge enclosed patio. Each unit has its own water heater and HVAC all new in 2020. All homes have their own laundry. Current tenant is on month to month and requires 60 days notice. 7756 Delco is the lower unit which is 700 SF, and consists of 2 beds, 1 bath, remodeled kitchen, private laundry and a small patio and grassy yard. Current tenant is leaving 10/31. These two units are fully permitted as one 1200 SF ADU but have been divided into two but could easily go back to a single 1200 SF guest house if desired. The ADU apartments use one electric meter but there is a submeter for the upper unit's electric and each also has their own water submeter. ADU tenants pay all utilities except trash. Even internet is separate. The main house pays all their utilities. Sewer is divided 3 ways and water is calculated by usage. Currently the combined rent for the 3 units is $7,800 and they are never vacant. Located on a dead-end street, there is secluded parking. Great tenants - all want to stay. Only the lower unit has a locked lease through 10/31/26. Interior pics are from 2020. New SS fridge in lo7756.

Location

7754 Delco Avenue

Winnetka, Los Angeles, CA, 91306