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Triplex at 6900 Corbin Avenue
$1,499,000
6900 Corbin Avenue
Reseda, Los Angeles, 91335
Triplex · 3 units
Active · 37 days on market

Deal numbers

Est. cap rate
2.8%
Assumed rent, all units
$7,110/mo
Units
3
Price per unit
$499,667
Est. annual NOI
$42,660
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.

5.0%
50%
25%
7.00%
Effective gross income
$81,054
Operating expenses
$40,527
Net operating income
$40,527
Annual debt service
$89,756
Annual cash flow
-$49,229
Cash on cash return
-13.1%
Down payment
$374,750

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
Triplex
Bedrooms
3
Building size
2,895 sqft
Lot size
6,121 sqft
Year built
2023
Stories
1
Garage spaces
0
Heating
Central
Cooling
Central Air
Pool
None
View
Neighborhood
Status
Active
Days on market
37
MLS #
243864483

About this property

Exceptional Income-Producing Property with Owner-Occupant Flexibility – Delivered with Vacant Units Fully remodeled and thoughtfully designed, this 3-unit property in the heart of Reseda offers exceptional income potential and versatility. Whether you’re seeking a strong investment opportunity, a multi-generational living arrangement, or a combination of both, this property provides options to fit a variety of lifestyles and investment goals. The property consists of 3 separate residences, each with its own address, thoughtfully designed to provide privacy, functionality, and excellent rental appeal. Together, the property has the potential to generate over $10,000+ per month in gross rental income, making it an attractive opportunity for both investors and multi-generational households. The main residence at 6900 Corbin Ave features beautiful curb appeal and a bright open-concept floor plan highlighted by recessed lighting, new flooring throughout, and a stylish kitchen with abundant cabinetry, generous counter space, brand-new stainless-steel appliances, and a center island. The home offers 3 bedrooms, 2 bathrooms, central air and heat, and direct access to a spacious landscaped backyard. The JADU at 6902 Corbin Ave is a beautifully finished 1-bedroom, 1-bath residence complete with a full kitchen, new appliances, recessed lighting, laminate flooring, efficient heating and cooling, private laundry, and its own charming outdoor space. Privately situated at the rear of the property, the ADU at 6904 Corbin Ave offers a spacious 2-bedroom, 2-bath layout with a modern kitchen, recessed lighting, dedicated parking, and direct access to a generous private yard. Whether you’re looking to offset your mortgage with rental income, accommodate extended family, or add a high-performing asset to your portfolio, this turnkey property offers the ideal combination of flexibility, cash-flow potential, and modern living.

Location

6900 Corbin Avenue

Reseda, Los Angeles, CA, 91335

Ask Alex about this property

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Alex Duarte, DRE# 01970077, First Team Real Estate

6900 Corbin Ave, Reseda CA | Multifamily for Sale