Est. cap rate

2.8%

Assumed rent, all units

$7,360/mo

Units

4

Price per unit

$387,500

Est. annual NOI

$44,160

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

2,644 sqft

Lot size

7,725 sqft

Year built

1925

Stories

2

Garage spaces

3

Heating

Ductless

Cooling

Ductless

Pool

None

Status

Active

Days on market

24

MLS #

241403301

About this property

Great opportunity to own an updated 4-unit residential income property in the heart of Huntington Park. This property offers a strong unit mix with one 4 bed/ 3 bath unit, one 3 bed/2 bath unit, and two 2 bed/2 bath units located above the garage area. The property qualifies for FHA financing, making it a great option for an owner-user looking to live in one unit and rent the others, or an investor seeking a solid income-producing asset. The property also features two empty garages with potential to be converted into an ADU, adding even more future rental upside. Additional highlights include separate gas and electric meters, and a generous lot size. Conveniently located across from Huntington Park High School and near parks, shopping, restaurants, Target, Costco, public transportation, and easy access to the 710, 5, 605, and 105 freeways. A great value-add opportunity with strong rental potential in a busy and desirable rental market. Buyer and buyer’s agent to verify all information, permits, zoning, ADU potential, square footage, and financing eligibility.

Location

2918 Randolph

Huntington Park, Los Angeles, CA, 90255