Est. cap rate

2.7%

Assumed rent, all units

$8,560/mo

Units

4

Price per unit

$473,750

Est. annual NOI

$51,360

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

4,978 sqft

Lot size

5,403 sqft

Year built

1979

Stories

2

Garage spaces

8

Heating

Wall Furnace

Cooling

None

Pool

None

Status

Active

Days on market

170

MLS #

241665983

About this property

~Price Improvement~ Immaculate building, retro-fitted, and built in 1979. 1152 24th St is not subject to city of Los Angeles Rent Stabilization Ordinance. Buyer to verify state rent caps (5%+CPI) This gem consists of two 2 bedrooms 2 bathrooms and two 3 bedrooms 2 bathrooms. Some units have views. Each unit has 2 tandem parking spaces in garage and own water heaters. 3 of the 4 have been recently remodeled. One 3/2 remodeled unit delivered vacant- could be owner occupied. This building is located in Vista del Oro, but is less than a mile from the new waterfront $100M+ redevelopment (West Harbor Project). Close to many other restaurants, freeways, and Cabrillo Beach. This building has been meticulously maintained.

Location

1152 W. 24th St.

San Pedro, Los Angeles, CA, 90731