Est. cap rate

4.4%

Assumed rent, all units

$5,490/mo

Units

3

Price per unit

$249,667

Est. annual NOI

$32,940

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

2,305 sqft

Lot size

6,723 sqft

Year built

1928

Stories

1

Garage spaces

0

Pool

None

Status

Active

Days on market

11

MLS #

244194879

About this property

Great opportunity to own a triplex with room to grow. Seller has gone through some extensive repairs. Upgraded electrical with new Sub-panels for each unit. New upgraded plumbing with for all three units. Upgraded all window frames. Repaired stucco and NEW paint. Property includes two separate 1 bed / 1 bath front units and a rear 2 bed / 1 bath home. Rents are currently below market, presenting upside for future income. Ideal for an owner-user looking to occupy one unit while improving rental performance over time. Functional layout with separate structures offers flexibility and privacy.

Location

1247 W 62nd

Los Angeles, Los Angeles, CA, 90044