Est. cap rate

2.6%

Assumed rent, all units

$6,900/mo

Units

3

Price per unit

$529,333

Est. annual NOI

$41,400

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

4

Building size

2,430 sqft

Lot size

7,503 sqft

Year built

1923

Stories

1

Garage spaces

0

Heating

Electric,Combination

Cooling

Wall/Window Unit(s)

Pool

None

View

None

Status

Active

Days on market

83

MLS #

243054254

About this property

Centrally located in north Alhambra this single level property is a great opportunity to own an upgrade 4 unit rental property very close to Pasadena. There are two One-bedroom units with one bathroom that was completely remodeled in 2023. There is a separate one Two-bedroom unit with one bathroom, and this unit has new flooring from 2023. The final ADU unit was completed this year with permits. All of the units have individual laundry hook-ups except for the ADU unit. 4 sperate electric meters, 3 gas meter, and one water meter that the owner pays. All upgrades on all units other than the ADU unit is done by the license contractor without permits. The ADU unit was converted with permits and it is available for an owner to occupy or rent out at the market rent. The LA is part owner of the property and related to the seller. All information provided herein—including but not limited to square footage, lot size, room dimensions, property condition, school districts, and zoning—is deemed reliable but is not guaranteed and should be independently verified. Neither the Seller nor its Listing Agent/Brokerage makes any warranties or representations, express or implied, regarding the accuracy, completeness, or condition of the property. It is the buyer and buyer's agent to do their due diligence. Please DO NOT disturb the tenants. Drive by only!

Location

308 S Almansor Street

Alhambra, Los Angeles, CA, 91801