Deal numbers
- Est. cap rate
- 3.3%
- Assumed rent, all units
- $7,240/mo
- Units
- 4
- Price per unit
- $324,750
- Est. annual NOI
- $43,440
- 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
- $82,536
- Operating expenses
- $41,268
- Net operating income
- $41,268
- Annual debt service
- $77,781
- Annual cash flow
- -$36,513
- Cash on cash return
- -11.2%
- Down payment
- $324,750
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
- 3,250 sqft
- Lot size
- 4,801 sqft
- Year built
- 1988
- Stories
- 2
- Garage spaces
- 2
- Heating
- Combination,Ductless
- Cooling
- Ductless
- Pool
- None
- View
- None
- Status
- Active
- Days on market
- 81
- MLS #
- 244975440
About this property
This turnkey four-unit income property presents an outstanding investment opportunity, featuring a beautifully remodeled Unit 2 with a modern, high-end aesthetic and a newly constructed ADU with its own private entrance. The spacious unit mix offers strong tenant appeal while providing excellent long-term income potential. Ideally located near Cal State LA and with convenient access to Downtown Los Angeles and other major employment and lifestyle destinations, the property benefits from consistent rental demand. With projected rental increases, investors have the opportunity to achieve an estimated 5.1% capitalization rate, making this an attractive option for both long-term investors seeking stable cash flow and owner-occupants looking to offset ownership costs with rental income. Current Rents (Total: $7,619.43/month) Unit 1: 3 Bed / 2 Bath - $1,609.81 Unit 2: 2 Bed / 2 Bath - $2,250 Unit 3: 2 Bed / 2 Bath - $1,259.62 Unit 4 (ADU): 2 Bed / 2 Bath - $2,500 Current Financials: Annual Net Income: $69,928.57 Net Operating Income (NOI): $69,928.57 Annual Operating Expense: $21,504.59 Gross Rent Multiplier (GRM): 14.76% Capitalization Rate (Cap Rate): 5.18%
Location
5150 Ithaca
Los Angeles, Los Angeles, CA, 90032