Deal numbers
- Est. cap rate
- 3.4%
- Assumed rent, all units
- $9,840/mo
- Units
- 4
- Price per unit
- $432,250
- Est. annual NOI
- $59,040
- 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
- $112,176
- Operating expenses
- $56,088
- Net operating income
- $56,088
- Annual debt service
- $103,528
- Annual cash flow
- -$47,440
- Cash on cash return
- -11.0%
- Down payment
- $432,250
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
- 4,213 sqft
- Lot size
- 7,385 sqft
- Year built
- 1969
- Stories
- 2
- Garage spaces
- 4
- Pool
- None
- Status
- Active
- Days on market
- 35
- MLS #
- 244110278
About this property
Turnkey, fully-occupied 4-unit investment in South Coast Metro/Santa Ana. Long-term tenants in place — immediate cash flow, no lease-up risk. Unit mix: one 3BR/2BA + two 2BR/2BA + one 1BR/1BA, each with private garage parking plus ample street parking. Tenants pay electricity & gas; owner pays water & trash only. Roof replaced within the last 5 years. Minutes to the 405 & 55 freeways, less than 1 mile to South Coast Plaza, less than 2 miles to airport. A rare, low-maintenance hold in one of OC's most in-demand infill submarkets. DRIVE BY ONLY. Please DO NOT disturb tenants.
Location
401 Nobel Avenue
Santa Ana, Orange, CA, 92707