Deal numbers
- Est. cap rate
- 3.2%
- Assumed rent, all units
- $6,870/mo
- Units
- 3
- Price per unit
- $433,333
- Est. annual NOI
- $41,220
- 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
- $78,318
- Operating expenses
- $39,159
- Net operating income
- $39,159
- Annual debt service
- $77,840
- Annual cash flow
- -$38,681
- Cash on cash return
- -11.9%
- Down payment
- $325,000
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
- Bathrooms
- 1
- Building size
- 962 sqft
- Lot size
- 6,250 sqft
- Year built
- 1911
- Stories
- 1
- Garage spaces
- 0
- Heating
- Electric,Wall Furnace
- Cooling
- Wall/Window Unit(s)
- Pool
- None
- View
- None
- Status
- Active
- Days on market
- 19
- MLS #
- 242148511
About this property
Unique redevelopment and restoration opportunity nestled in vibrant and eclectic East Hollywood, just moments from Silver Lake and Virgil Village, where creativity meets culture amid indie cafés, local art spaces, hip hangouts, and ongoing neighborhood transformation. This distinctive multi-structure property is identified as a triplex but currently has only one habitable unit—simple, basic, and unrefined, with no recent upgrades. Two additional detached structures were partially opened for renovation work but remain unfinished—one down to the studs, the other enclosed with walls but without interior finishes. Set on a gated and shaded 6,250 sq. ft. lot, the property’s mature canopy of trees creates a surprisingly peaceful and private environment rarely found in the surrounding urban landscape. A blank canvas with outstanding potential for restoration, reimagining, expansion, creative live/work use, or future redevelopment possibilities. Nearby properties have undergone notable transformations, contributing to the area’s growing architectural and lifestyle appeal while creating a unique opportunity for buyers seeking a property with vision and long-term potential. Property offered as-is. Buyer to perform all due diligence and independent verification regarding permits, zoning, unit configuration, and future use potential.
Location
1127 N Commonwealth Avenue
Los Angeles, Los Angeles, CA, 90029