Est. cap rate

2.6%

Assumed rent, all units

$7,500/mo

Units

3

Price per unit

$583,000

Est. annual NOI

$45,000

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

1,600 sqft

Lot size

5,404 sqft

Year built

1952

Stories

1

Garage spaces

2

Pool

None

Status

Active

Days on market

13

MLS #

244320044

About this property

Rare opportunity to acquire a beautifully maintained three-unit multifamily property in the heart of highly sought-after Atwater Village, one of Northeast Los Angeles' most desirable and consistently strong rental markets. Situated on a 5,404 SF lot, this charming 1,600 SF property features three (3) detached cottage-style residences, each offering 1 bedroom and 1 bathroom. Individually metered for gas and electricity, the property provides an efficient, low-maintenance investment structure while offering tenants the privacy and appeal of standalone homes. Atwater Village continues to be one of Los Angeles' premier rental destinations, celebrated for its vibrant neighborhood atmosphere, walkable streets, trendy cafés, acclaimed restaurants, boutique shopping, and convenient access to Griffith Park, the Los Angeles River bike paths, Glendale, Los Feliz, Silver Lake, Downtown Los Angeles, and major employment centers. Whether you're a seasoned investor seeking stable long-term income or looking to add a high-demand asset to your portfolio, this property offers an exceptional combination of location, tenant appeal, and future appreciation potential.

Location

3202 Minneapolis

Los Angeles, Los Angeles, CA, 90039