Deal numbers
- Est. cap rate
- 2.8%
- Assumed rent, all units
- $11,120/mo
- Units
- 4
- Price per unit
- $589,472
- Est. annual NOI
- $66,720
- 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.
- Effective gross income
- $126,768
- Operating expenses
- $63,384
- Net operating income
- $63,384
- Annual debt service
- $141,184
- Annual cash flow
- -$77,800
- Cash on cash return
- -13.2%
- Down payment
- $589,472
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
- 5,186 sqft
- Lot size
- 7,506 sqft
- Year built
- 1974
- Stories
- 2
- Garage spaces
- 7
- Pool
- None
- Status
- Active
- Days on market
- 139
- MLS #
- 241421355
About this property
Investment opportunity, well maintain four unit apartment building located in between the prime Redondo Beach and Manhattan Beach. Totalbuilding size is approximately 5,186 Sq.Ft. on a 7,500 lot size. The front unit has 3 Bed+Den+2 Bath+ back yard and other three units have 2 Bed+1 Bath and its own back yard. Separately metered for gas and electricity. There are three 2 car garages and one 1 car garage. Please do not disturbthe tenants and Interior showing is accepted offer only. Seller is motivated.
Location
2021 Curtis
Redondo Beach, Los Angeles, CA, 90278