Est. cap rate

3.4%

Assumed rent, all units

$5,160/mo

Units

3

Price per unit

$306,667

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.

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

4

Bathrooms

4

Building size

2,250 sqft

Lot size

8,253 sqft

Year built

1912

Stories

2

Garage spaces

0

Cooling

Wall/Window Unit(s)

Pool

None

View

Valley

Status

Active

Days on market

69

MLS #

242890968

About this property

Price Reduced! Excellent investment opportunity featuring a triplex on an approximately 8,200+ sq. ft. LAR3-zoned lot. Conveniently located near Downtown Los Angeles, South Pasadena, East Los Angeles, Keck Hospital of USC, shopping, dining, and major freeways. The property includes three addresses: 2215, 2217, and 2217½. The front residence offers 4 bedrooms and 1.25 bathrooms with gated parking. The rear consists of two units, each a 2-bedroom, 1-bathroom unit, with separate parking and individual electrical meters. LAR3 zoning may offer future development potential. Buyer is advised to independently verify all information, including but not limited to zoning, permits, use, unit count, room count, square footage, occupancy, development potential, and all other aspects of the property. Property is sold AS IS, with no representations or warranties, express or implied.

Location

2215 Parkside Avenue

Los Angeles, Los Angeles, CA, 90031