Deal numbers
- Est. cap rate
- 2.8%
- Assumed rent, all units
- $8,040/mo
- Units
- 4
- Price per unit
- $425,000
- Est. annual NOI
- $48,240
- 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
- $91,656
- Operating expenses
- $45,828
- Net operating income
- $45,828
- Annual debt service
- $101,791
- Annual cash flow
- -$55,963
- Cash on cash return
- -13.2%
- Down payment
- $425,000
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
- 5
- Building size
- 5,016 sqft
- Lot size
- 7,790 sqft
- Year built
- 1925
- Stories
- 2
- Garage spaces
- 6
- Pool
- None
- Status
- Active
- Days on market
- 18
- MLS #
- 245508134
About this property
Rare Long Beach multifamily investment opportunity featuring five well-designed units on a spacious lot in a highly desirable rental market. This income-producing property includes four 2-bedroom, 1-bath units and one spacious 3-bedroom, 2-bath unit above six garages in the back, offering an attractive unit mix with strong upside potential. Ideally located near shopping, restaurants, schools, public transportation, and major freeways, this is an exceptional opportunity for investors seeking stable cash flow and long-term appreciation. PLEASE DRIVE BY ONLY!
Location
1224 E 17th Street
Long Beach, Los Angeles, CA, 90813