Est. cap rate

2.8%

Assumed rent, all units

$7,500/mo

Units

3

Price per unit

$533,000

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

2,322 sqft

Lot size

5,249 sqft

Year built

1921

Stories

2

Garage spaces

0

Style

See Remarks

Heating

Central

Cooling

Central Air

Pool

None

Status

Active

Days on market

28

MLS #

244518845

About this property

Exceptional opportunity to own a beautifully remodeled legal triplex in the highly desirable Atwater Village area, adjacent to Glendale. This pride-of-ownership property features a front 2-bedroom, 2-bathroom home and two rear 1-bedroom, 1-bathroom units, totaling approximately 2,322 square feet on a 5,249 square foot lot. Extensively updated throughout, each unit features its own private washer and dryer. Recent capital improvements include newer roof and gutters, updated electrical panels and wiring, newer HVAC systems, updated sewer lines, newer water heaters, remodeled kitchens and bathrooms, updated flooring, and modern finishes. The property offers three on-site parking spaces and is fully occupied, with all tenants currently on month-to-month rental agreements, providing future flexibility subject to applicable laws. Ideally located near Atwater Village, Glendale, Los Feliz, Silver Lake, Griffith Park, shopping, dining, and major freeways, this property offers an outstanding opportunity for investors and future owner-occupants alike.

Location

3803 Seneca Avenue

Los Angeles, Los Angeles, CA, 90039