Deal numbers
- Est. cap rate
- 3.4%
- Assumed rent, all units
- $5,460/mo
- Units
- 3
- Price per unit
- $325,000
- Est. annual NOI
- $32,760
- 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
- $62,244
- Operating expenses
- $31,122
- Net operating income
- $31,122
- Annual debt service
- $58,380
- Annual cash flow
- -$27,258
- Cash on cash return
- -11.2%
- Down payment
- $243,750
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
- 3,230 sqft
- Lot size
- 8,317 sqft
- Year built
- 1923
- Stories
- 1
- Garage spaces
- 8
- Pool
- None
- Status
- Active
- Days on market
- 185
- MLS #
- 243949044
About this property
This is an outstanding 3-unit income property on an 8,317 sq. ft. lot with a 3,250 sq. ft. living area, good for your owner-occupied or investor in a growing neighborhood. Each of the three units features two bedrooms, one bathroom, and a spacious living room, dining area, and kitchen. New roof was installed on 2024. Seller lives in one of the units that was nicely remodeled on 2024 with new kitchen and bathroom. The property offers plenty of parking up to 8 cars on site. The property in addition to the 3 units has a 1B/1b structure on the back that has been used as a living area. . Live in one and collect rent from the other two plus the structure at the back. Access to the garage is through the alley.Very low maintenance greenery . Buyer is advised to verify all the information and to satisfy themselves all aspects of the property, included but not limited to square footage, bed and bath count, permits, zoning & property condition. The provided information is deemed reliable but is not guarenteed by the seller or broker. The property is conveniently located near the 5, 10 ,60 and 710 freeways near Cal State University, LA downtown, Pasadena, San Gabriel Valley,This is an ideal owner occupaid or investment property.
Location
2530-2532 Wabash Ave.
County - Los Angeles, Los Angeles, CA, 90033