Est. cap rate

3.3%

Assumed rent, all units

$6,540/mo

Units

3

Price per unit

$400,000

Est. annual NOI

$39,240

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

2,212 sqft

Lot size

6,261 sqft

Year built

1944

Stories

2

Garage spaces

0

Heating

Wall Furnace

Cooling

None

Pool

None

View

City Lights,Neighborhood

Status

Active

Days on market

78

MLS #

240870090

About this property

Located in the burgeoning Baldwin Hills area, 3526 Farmdale Avenue is a well-maintained triplex that presents a practical opportunity for either an owner-occupant or a long-term investor. This property sits in a steady and evolving pocket of the 90016 zip code, featuring two 2-bedroom units and one 1-bedroom unit. Each residence has been thoughtfully cared for with selective upgrades and classic details such as original hardwood floors. Outside, residents can enjoy a large, enclosed backyard shaded by mature lemon and avocado trees. The property is especially attractive for those looking to move in immediately or achieve market-rate rents, as the owner will deliver one 2-bedroom unit vacant. Beyond the home itself, the location is defined by significant local investment and infrastructure. Commuters are just a one-minute walk from the Farmdale Metro Station, offering a quick ten-minute ride to Downtown LA or a straight shot to Santa Monica. The surrounding neighborhood is rich in culture and growth, situated near the Black Cultural District and within walking distance of the renowned Lula Washington and Debbie Allen schools of dance. This area is also seeing transformative projects like the redevelopment of the Baldwin Hills Crenshaw Plaza into a multi-phase retail and residential hub, as well as the upcoming Stocker Street Creative film campus. For weekend recreation, the nearby Leimert Park Plaza remains a local staple for vibrant markets and community events.

Location

3526 Farmdale

Los Angeles, Los Angeles, CA, 90016