Est. cap rate

4.1%

Assumed rent, all units

$5,700/mo

Units

3

Price per unit

$275,000

Est. annual NOI

$34,200

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.

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

2,028 sqft

Lot size

10,990 sqft

Year built

1948

Stories

1

Garage spaces

3

Style

Cottage

Heating

Ductless

Cooling

Wall/Window Unit(s),Ductless

Pool

None

View

None

Status

Active

Days on market

177

MLS #

240478989

About this property

Imagine if you had the opportunity to purchase a great investment property that could be made even better. Well, imagine no longer and take a minute to check out this listing in Lynwood. This tri-plex offers two completely renovated units on annual leases with one unrenovated unit on a month-to-month lease. Do you want or need to live in one of the units? You have that option. Do you want to renovate the last unit and increase the rent to market? You could do that instead. But wait...there's more opportunity to improve this property. There are three garages on the property. Could they be converted into an ADU? Contact an ADU specialist and find how to get that done. Would you rather use the almost 11,000 square foot lot to build an ADU unit or two? Contact an ADU specialist and find out how to get that done. So, are you ready to check out this great opportunity? Let's talk soon.

Location

3218 Euclid

Lynwood, Los Angeles, CA, 90262