Deal numbers
- Est. cap rate
- 4.5%
- Assumed rent, all units
- $9,000/mo
- Units
- 4
- Price per unit
- $299,750
- Est. annual NOI
- $54,000
- 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.
- Effective gross income
- $102,600
- Operating expenses
- $51,300
- Net operating income
- $51,300
- Annual debt service
- $71,793
- Annual cash flow
- -$20,493
- Cash on cash return
- -6.8%
- Down payment
- $299,750
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
- Quadruplex
- Bedrooms
- 4
- Building size
- 3,744 sqft
- Lot size
- 6,515 sqft
- Year built
- 1920
- Stories
- 2
- Garage spaces
- 5
- Pool
- None
- Status
- Active
- Days on market
- 55
- MLS #
- 244432533
About this property
Price improvement! Rare investment opportunity featuring four units on one lot. The front building consists of two 1-bedroom, 1-bathroom units, each with a spacious bonus room. The rear building offers two large 3-bedroom, 2-bathroom units situated above four oversized garages, providing an attractive layout with added privacy for tenants. High income potential. This value-add opportunity offers significant upside potential, making it ideal for investors seeking to increase future income and long-term value. Sold as-is.
Location
1015 Dawson Avenue
Long Beach, Los Angeles, CA, 90804