Est. cap rate

3.2%

Assumed rent, all units

$10,720/mo

Units

4

Price per unit

$498,750

Est. annual NOI

$64,320

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

4,289 sqft

Lot size

8,712 sqft

Year built

1977

Stories

2

Garage spaces

7

Heating

Central

Pool

None

Status

Active

Days on market

14

MLS #

245264541

About this property

Opportunity to purchase a well-maintained fourplex in a highly desirable Los Alamitos location. This building has had numerous Cap Ex and Systems upgrades, providing a new owner the ability to step right into a smoothly operating building. There is also upside via ADU's in the rear. The building is comprised of large units, including three 2 bed/2 bath units and one 3 bed/3 bath unit, making them always easy to rent. Rents have room to be increased further, especially with continued interior modernizations.

Location

3712 Howard

Los Alamitos, Orange, CA, 90720