Est. cap rate

4.2%

Assumed rent, all units

$5,250/mo

Units

3

Price per unit

$250,000

Est. annual NOI

$31,500

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

1,820 sqft

Lot size

5,661 sqft

Year built

1947

Stories

3

Garage spaces

0

Pool

None

Status

Active

Days on market

82

MLS #

241676203

About this property

This property features 8bedrooms 4bath. It's a large home that was converted into three units. There are two 3bed 1bath units and one 2bed 1bath unit. Situated in El Sereno/City Terrance East Los Angeles area. All three units where remodeled roughly 5 years ago and all units are still in good condition. This property is being used as a non conforming triplex. Kitchens have newer cabinets and all have granite counter tops, bath, floors, dual pane windows throughout and newer roof. The property has a coin up laundry that brings additional income. Near tons of LA City entertainment, near Cal State LA, near DTLA, near Dodgers stadium, Griffith Park, LA Zoo and many more tourist nearby attractions. Incredible opportunity to expand! The adjoining lot is also for sale (MLS #RS26095057). Purchase both properties together and take advantage of a special package discount

Location

1566 Rollins

Los Angeles, Los Angeles, CA, 90063