Deal numbers
- Est. cap rate
- 4.2%
- Assumed rent, all units
- $9,000/mo
- Units
- 4
- Price per unit
- $325,000
- Est. annual NOI
- $54,000
- 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
- $102,600
- Operating expenses
- $51,300
- Net operating income
- $51,300
- Annual debt service
- $77,840
- Annual cash flow
- -$26,540
- Cash on cash return
- -8.2%
- 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
- Quadruplex
- Bedrooms
- 4
- Building size
- 2,052 sqft
- Lot size
- 7,223 sqft
- Year built
- 1913
- Stories
- 1
- Garage spaces
- 3
- Pool
- None
- Status
- Active
- Days on market
- 1
- MLS #
- 242530047
About this property
The Front house consists of a one bedroom and two-bedroom unit. The other two 1-bedroom units are in the back with access through the alley. This corner lot property has a great layout. Plenty of room to add additional units or use the land to build 6 townhomes. Property has many possibilities for expansion. Great Location in a desirable part of Norwalk.
Location
12003 Walnut Street
Norwalk, Los Angeles, CA, 90650