Deal numbers
- Est. cap rate
- 4.4%
- Assumed rent, all units
- $9,800/mo
- Units
- 4
- Price per unit
- $337,500
- Est. annual NOI
- $58,800
- 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
- $111,720
- Operating expenses
- $55,860
- Net operating income
- $55,860
- Annual debt service
- $80,834
- Annual cash flow
- -$24,974
- Cash on cash return
- -7.4%
- Down payment
- $337,500
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
- 4
- Building size
- 2,376 sqft
- Lot size
- 8,118 sqft
- Year built
- 1948
- Stories
- 2
- Garage spaces
- 1
- Style
- Traditional,Cottage
- Heating
- Forced Air,Wall Furnace
- Cooling
- Wall/Window Unit(s)
- Pool
- None
- View
- Mountain(s)
- Status
- Active
- Days on market
- 27
- MLS #
- 245562423
About this property
Exceptional four-unit investment property in the prime Pasadena neighborhood of Brigden Ranch. Current CAP Rate 5% with excellent upside potential. This fully occupied multi-family property offers immediate, stable cash flow from day one with significant long-term rent upside. Built in 1948, this well-maintained property offers 2,376 square feet of living space on a spacious 8,100 square foot lot with ample parking, offering a diverse mix of two 1 bedroom/1 bath units, one 2 bedroom/1 bath unit, and a cozy studio. Potential to easily convert the studio to a 1 bedroom/1 bath unit for more than double the income. The generous lot size offers plenty of room for parking and possibly adding an additional unit. With quick access to the 210 Freeway, this property is situated in the highly accessible northern Pasadena neighborhood of Brigden Ranch, close to local parks, popular restaurants, local shopping, and public transportation lines. With it’s desirable location, well maintained units, and stable tenant base, this investment opportunity offers immediate returns and excellent upside potential.
Location
2152 E Washington
Pasadena, Los Angeles, CA, 91104