Deal numbers
- Est. cap rate
- 5.0%
- Assumed rent, all units
- $7,480/mo
- Units
- 4
- Price per unit
- $224,750
- Est. annual NOI
- $44,880
- 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
- $85,272
- Operating expenses
- $42,636
- Net operating income
- $42,636
- Annual debt service
- $53,830
- Annual cash flow
- -$11,194
- Cash on cash return
- -5.0%
- Down payment
- $224,750
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
- 3,132 sqft
- Lot size
- 6,128 sqft
- Year built
- 1950
- Stories
- 2
- Garage spaces
- 2
- Pool
- None
- Status
- Active
- Days on market
- 1
- MLS #
- 244527416
About this property
Rare opportunity! Huge corner lot featuring a two-story 4-unit apartment building. Each unit offers @ bedrooms and 1 bathroom with its own individual laundry room. Property includes 2 detached garages, providing additional parking and storage potential. The expensive front yard offers possibility ADU development potential (buyer to verify w city). Excellent upside opportunity for an investor looking for rental income, future development, and long-term appreciate
Location
103 E 118th
Los Angeles, Los Angeles, CA, 90061