Deal numbers
- Est. cap rate
- 2.9%
- Assumed rent, all units
- $8,910/mo
- Units
- 3
- Price per unit
- $616,667
- Est. annual NOI
- $53,460
- 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
- $101,574
- Operating expenses
- $50,787
- Net operating income
- $50,787
- Annual debt service
- $110,773
- Annual cash flow
- -$59,986
- Cash on cash return
- -13.0%
- Down payment
- $462,500
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
- 7
- Bathrooms
- 5
- Building size
- 2,318 sqft
- Lot size
- 1,996 sqft
- Year built
- 1927
- Stories
- 2
- Garage spaces
- 0
- Style
- Victorian
- Heating
- Central
- Cooling
- Central Air
- Pool
- None
- View
- None
- Status
- Active
- Days on market
- 172
- MLS #
- 241489934
About this property
Lovely recently remodeled Victorian inspired home. Upstairs has been used as the Owner's unit and is 3 Bdrms, 1 1/2 Baths, beautifully furnished with A/C, Large Living Room, Outdoor Patio deck. Plus 2 rental units for income downstairs! Currently rented to very good tenants. 1 Bdrm 1 Bath Unit current rent is $1,500, and a 3 Bdrm 2 Bath unit current rent is $2,600. Both share a private patio that's great for entertaining. 1 off street parking and golf cart included. Walk to the beach and everything in town!
Location
337 Clemente
Avalon, Los Angeles, CA, 90704