Est. cap rate

2.5%

Assumed rent, all units

$5,400/mo

Units

3

Price per unit

$433,333

Est. annual NOI

$32,400

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

3,046 sqft

Lot size

5,400 sqft

Year built

1905

Stories

2

Garage spaces

0

Heating

Forced Air

Cooling

Wall/Window Unit(s)

Pool

None

Status

Active

Days on market

2

MLS #

241814357

About this property

PROPERTY BACK ON THE MARKET FOR THE FIRST TIME IN OVER 20 YEARS! THIS IS A WELL-MAINTAINED TWO-STORY TRIPLEX THAT HAS ONE 3BED /2BATH UNIT ON THE SECOND FLOOR AND TWO 2BED/1BATH UNITS ON THE FIRST FLOOR. ALL THREE UNITS HAVE RECENTLY UPDATED KITCHENS, RECENTLY UPDATED PLUMBING THROUGHOUT (INCLUDING NEW WATER HEATERS FOR ALL UNITS) AND A ROOF THAT WAS ALSO RECENTLY REPLACED. PROPERTY ALSO HAS A 6-CAR PARKING LOT IN THE BACK AREA ACCESSIBLE BY A GATED ENTRYWAY IN THE FRONT OF THE PROPERTY. THERE IS ALSO A COVERED AREA WITH WASHER/DRYER HOOKUP. IT IS TWO BLOCKS FROM THE COLISEUM AND BMO STADIUM; IT IS ALSO IN CLOSE PROXIMITY TO THE 110 FWY AND USC. THIS IS A GREAT OPPORTUNITY FOR A POTENTIAL INVESTOR LOOKING TO EXPAND THEIR INCOME-PRODUCING PORTFOLIO!

Location

705 W 41ST Drive

Los Angeles, Los Angeles, CA, 90037