Deal numbers
- Est. cap rate
- 4.4%
- Assumed rent, all units
- $7,760/mo
- Units
- 4
- Price per unit
- $262,500
- Est. annual NOI
- $46,560
- 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
- $88,464
- Operating expenses
- $44,232
- Net operating income
- $44,232
- Annual debt service
- $62,871
- Annual cash flow
- -$18,639
- Cash on cash return
- -7.1%
- Down payment
- $262,500
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
- 2,568 sqft
- Lot size
- 7,186 sqft
- Year built
- 1952
- Stories
- 1
- Garage spaces
- 4
- Pool
- None
- Status
- Active
- Days on market
- 37
- MLS #
- 245585909
About this property
Excellent investment opportunity in the heart of Wilmington! This well-maintained four-unit property offers a total of 6 bedrooms and 4 bathrooms, providing strong income potential in a desirable rental market. Built in 1952, the property is conveniently located near the Port of Los Angeles, schools, shopping, dining, and major freeways, including the 110, for easy commuting. Whether you’re looking to expand your investment portfolio or occupy one unit while generating rental income from the others, this versatile property offers outstanding potential
Location
623 Gulf Ave,
Wilmington, Los Angeles, CA, 90744