Est. cap rate

2.7%

Assumed rent, all units

$8,880/mo

Units

4

Price per unit

$500,000

Est. annual NOI

$53,280

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.

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

7

Bathrooms

7

Building size

3,400 sqft

Lot size

7,100 sqft

Year built

1918

Stories

2

Garage spaces

0

Heating

Ductless

Cooling

Ductless

Pool

None

View

None

Status

Active

Days on market

10

MLS #

245620338

About this property

Live in one unit and rent out the other three! Exceptional opportunity to own a beautifully renovated four-unit property in the heart of Cypress Park, offering an ideal blend of historic charm and modern construction. The front California Craftsman has been thoughtfully renovated and features three well-designed residences: an approximately 810 sq. ft. one-bedroom, one-bath unit, an approximately 835 sq. ft. two-bedroom, two-bath unit, and a spacious approximately 915 sq. ft. two-bedroom, two-bath unit. Completing the property is a recently constructed, detached approximately 840 sq. ft. ADU featuring two bedrooms and two baths, offering contemporary design and exceptional flexibility. Whether you're looking to offset your mortgage by generating rental income, expand your investment portfolio, or explore future TIC (Tenant-in-Common) opportunities (Buyer to verify), this versatile property offers multiple strategies to fit your goals. Each residence has been tastefully updated with modern finishes while preserving the timeless character of the California Craftsman. Ideally located in the vibrant Cypress Park neighborhood, you're just minutes from Highland Park, Downtown Los Angeles, Dodger Stadium, the LA River bike path, and an eclectic mix of popular restaurants, cafés, breweries, and neighborhood shops. This fantastic income property offers a rare combination of a beautifully renovated Craftsman, a recently constructed detached ADU, and an exceptional Northeast Los Angeles location. Buyer and Buyer's Agent to independently verify all information, including square footage, permits, unit configuration, zoning, rental potential, and intended use.

Location

575-581 Jeffries #1-4

Cypress Park, Los Angeles, CA, 90065