Est. cap rate

3.3%

Assumed rent, all units

$6,900/mo

Units

3

Price per unit

$416,333

Est. annual NOI

$41,400

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

2,200 sqft

Lot size

8,357 sqft

Year built

1951

Stories

1

Garage spaces

3

Pool

None

Status

Active

Days on market

4

MLS #

245400606

About this property

Stabilized triplex in the heart of Alhambra — 100% occupied, on time collection rent. 1201-1205 W Woodward Ave presents a rare opportunity to acquire a fully occupied income property in the desirable MLS Area 601 submarket. The building consists of one 2-bedroom/1-bath and two 1-bedroom/1-bath units. Units 1203 & 1205 are on active Housing Choice Voucher (HAP) contracts — rent paid directly by the housing authority every month. Unit 1201 is a long-term private-pay tenant since 2012. No local rent control — Alhambra is AB 1482 only. Built 1951 | 2,200 sqft | 8,357 sqft lot | 3 parking spaces | Walk Score 92. Minutes to I-10, Atlantic Blvd corridor, Main St auto row, and the SGV Medical corridor. Contact listing agent for rent roll and full offering memorandum. On-site laundry.

Location

1201 W Woodward

Alhambra, Los Angeles, CA, 91801