Est. cap rate

3.3%

Assumed rent, all units

$12,680/mo

Units

4

Price per unit

$575,000

Est. annual NOI

$76,080

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

Quadruplex

Bedrooms

4

Building size

1,008 sqft

Lot size

6,397 sqft

Year built

1917

Stories

1

Garage spaces

0

Style

Bungalow

Heating

Fireplace(s),Wall Furnace

Cooling

None

Pool

None

Status

Active

Days on market

7

MLS #

245158704

About this property

West of Pacific Coast Hwy and just 2 blocks from the beach this property is filled with opportunity. This versatile property offer endless potential, may it be owner-occupied, strictly rental income, or development possibilities. Tax records reflect a 2 bedroom, 1 bathroom house with 1,008 sq feet but the property holds an additional 3 non-conforming units consisting of a studio and 2 units that are 1 bedroom and 1 bathroom. The detached bungalow style units have no adjoining walls and a shared laundry on site. All units have been partially updated.

Location

424 S Broadway

Redondo Beach, Los Angeles, CA, 90277