Est. cap rate

3.5%

Assumed rent, all units

$6,930/mo

Units

3

Price per unit

$398,667

Est. annual NOI

$41,580

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

3

Building size

2 sqft

Lot size

5,820 sqft

Year built

1964

Stories

2

Garage spaces

0

Style

Mid Century Modern,Spanish

Heating

Central

Cooling

Central Air

Pool

None

Status

Active

Days on market

136

MLS #

243826624

About this property

BACK ON MARKET due to buyers not being able to perform. Exceptional value-add triplex opportunity located in the highly desirable Mid-City area of Los Angeles. This 3-unit property sits on a quiet cul-de-sac and offers strong upside with a desirable unit mix and renovation potential. The property consists of two separate structures totaling approximately 2,782 sq ft on a 5,820 sq ft lot, built in 1964 and zoned LARD1.5 and front house and top back unit has been full remodeled featuring modern enhancements, upgraded finishes, and refreshed interiors that significantly improve both livability and rental appeal. Front House AND top back units are Vacant and Fully Remodeled units consisting of 3-bedrooms and 1-bath with strong rental potential. Back Lower Unit is Occupied consists of 2-bedroom and 1-bath unit currently occupied by a long-term tenant, providing immediate income stability. Centrally located just south of Venice Blvd and east of Hauser Blvd, offering easy access to Culver City, Miracle Mile, and major employment hubs. Motivated seller will provide all disclosures and inspections up front. Credit is offered for foundation enhancements needed.

Location

1636 S Ridgeley

Los Angeles, Los Angeles, CA, 90019