Deal numbers
- Est. cap rate
- 4.8%
- Assumed rent, all units
- $8,040/mo
- Units
- 4
- Price per unit
- $249,750
- Est. annual NOI
- $48,240
- 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
- $91,656
- Operating expenses
- $45,828
- Net operating income
- $45,828
- Annual debt service
- $59,817
- Annual cash flow
- -$13,989
- Cash on cash return
- -5.6%
- Down payment
- $249,750
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
- Quadruplex
- Bedrooms
- 4
- Building size
- 2,464 sqft
- Lot size
- 6,410 sqft
- Year built
- 1979
- Stories
- 2
- Garage spaces
- 4
- Heating
- Wall Furnace
- Cooling
- None
- Pool
- None
- View
- Neighborhood
- Status
- Active
- Days on market
- 101
- MLS #
- 243465331
About this property
This well-maintained 4-unit income property offers an attractive unit mix consisting of one spacious 2-bedroom, 1-bath unit and three comfortable 1-bedroom, 1-bath units, providing strong rental appeal for a variety of tenants. Each unit is thoughtfully designed to maximize living space and functionality. The property also features four individual one-car garages, offering valuable off-street parking and additional convenience for residents. With its desirable unit configuration, garage parking, and solid income-producing potential, this property presents an excellent opportunity for both investors and owner-users seeking a well-located and versatile multifamily asset
Location
1490 Gundry
Long Beach, Los Angeles, CA, 90813