Deal numbers
- Est. cap rate
- 3.2%
- Assumed rent, all units
- $11,120/mo
- Units
- 4
- Price per unit
- $525,000
- Est. annual NOI
- $66,720
- 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
- $126,768
- Operating expenses
- $63,384
- Net operating income
- $63,384
- Annual debt service
- $125,742
- Annual cash flow
- -$62,358
- Cash on cash return
- -11.9%
- Down payment
- $525,000
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
- 4,512 sqft
- Lot size
- 6,727 sqft
- Year built
- 1984
- Stories
- 2
- Garage spaces
- 0
- Heating
- Wall Furnace
- Cooling
- None
- Pool
- None
- View
- Neighborhood
- Status
- Active
- Days on market
- 71
- MLS #
- 245507451
About this property
Welcome to 2409 Inglewood Ave. It is truly a pride of ownership opportunity. The owners have owned the building for almost 25 years with the intention of keeping it forever. Every unit is three large bedrooms and two bathrooms. All units have 100% tiled floors, including bedrooms that are Italian tile resembling wood flooring as seen in photographs. Nearly every kitchen and bathroom counter is granite. In addition to the living space, there is a large laundry room with a central hot water heater with two parking spaces per unit with lockable storage. Plumbing repairs have been done using industrial grade heavy copper K pipe. A new roof was installed three years with Windsor Wood facia should last for decades. The deck has been maintained and was recently redone less than six months ago. The building has had routine preventative termite tenting treatments, last done 6 years ago. Note: Based on exterior measurements of two separate appraisals, the building/livable area is approximately 4,512 sqft. Accessor records reflect approximately 4,092 sqft. Buyer to independently verify all square footage.
Location
2409 Inglewood Ave.
Redondo Beach, Los Angeles, CA, 90278