Deal numbers
- Est. cap rate
- 3.1%
- Assumed rent, all units
- $17,400/mo
- Units
- 4
- Price per unit
- $837,500
- Est. annual NOI
- $104,400
- 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.
- Effective gross income
- $198,360
- Operating expenses
- $99,180
- Net operating income
- $99,180
- Annual debt service
- $200,589
- Annual cash flow
- -$101,409
- Cash on cash return
- -12.1%
- Down payment
- $837,500
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
- 8
- Bathrooms
- 4
- Building size
- 2,932 sqft
- Lot size
- 5,455 sqft
- Year built
- 1948
- Stories
- 2
- Garage spaces
- 4
- Cooling
- None
- Pool
- None
- View
- Canal
- Status
- Active
- Days on market
- 3
- MLS #
- 245540355
About this property
*Updated Photos coming soon* Exceptional investment opportunity at 2722 Grand Canal in the heart of Venice. This canal-front fourplex features four spacious two-bedroom, one-bathroom apartments, each offering approximately 733 square feet of living space. One unit is currently vacant, providing an opportunity for an owner-user, immediate market-rate leasing, or renovation, while the three occupied units have reliable tenants with a strong history of on-time rental payments. Overlooking the iconic Grand Canal, the property offers outstanding rental appeal, long-term income potential, and multiple value-add possibilities. Investors may choose to maintain the property as a stable income-producing asset, renovate individual units to increase rental income, or explore a larger remodel and resale strategy. Ideally located near Venice Beach, Abbot Kinney Boulevard, local dining, shopping, and entertainment, this unique property captures the best of the Southern California lifestyle and offers endless summer potential. Please contact the listing agent by telephone or email to schedule a private appointment.
Location
2722 Grand Canal
Los Angeles, Los Angeles, CA, 90291