Deal numbers
- Est. cap rate
- 3.6%
- Assumed rent, all units
- $5,160/mo
- Units
- 3
- Price per unit
- $286,333
- Est. annual NOI
- $30,960
- 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
- $58,824
- Operating expenses
- $29,412
- Net operating income
- $29,412
- Annual debt service
- $51,435
- Annual cash flow
- -$22,023
- Cash on cash return
- -10.3%
- Down payment
- $214,750
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
- Building size
- 2,490 sqft
- Lot size
- 7,492 sqft
- Year built
- 1956
- Stories
- 1
- Garage spaces
- 3
- Style
- Bungalow
- Heating
- Wall Furnace
- Cooling
- Wall/Window Unit(s)
- Pool
- None
- View
- None
- Status
- Active
- Days on market
- 169
- MLS #
- 242086944
About this property
Rare opportunity to own three fully detached units on one gated lot, perfectly positioned between Lincoln Heights, Highland Park, and Cypress Park. Two units are tenant-occupied with reliable renters; the third unit will be delivered vacant, ideal for an owner-occupant or to rent at market rate.Each unit features 2 bedrooms, 1 bath, and its own private 1-car garage. All units are separately metered for gas, water, and electricity, with tenants paying their own utilities. The property is fully gated and freshly landscaped, offering excellent curb appeal.Perfectly located steps from the Heritage Square A Line station, providing a direct route to DTLA, Highland Park, and Pasadena, and just moments from Moo's Craft BBQ, Zizou, and the new Barranca Food Hall. Enjoy nearby green spaces like Rio de Los Angeles State Park and the LA River bike path, along with easy access to Dodger Stadium and DTLA via the 5 and 110 freeways.Take advantage of strong appreciation and major development reshaping Lincoln Heights. Barranca Studios and the newly built A34 buildings are bringing strong market rents, new amenities, and fresh energy to the area.Turnkey income, separate utilities, private garages with significant ADU potential, and a vacant unit delivered at closing make this a true Northeast LA find. Don't miss it!
Location
119 E Avenue 36
Los Angeles, Los Angeles, CA, 90031