Deal numbers
- Est. cap rate
- 2.1%
- Assumed rent, all units
- $8,910/mo
- Units
- 3
- Price per unit
- $829,629
- Est. annual NOI
- $53,460
- 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
- $101,574
- Operating expenses
- $50,787
- Net operating income
- $50,787
- Annual debt service
- $149,028
- Annual cash flow
- -$98,241
- Cash on cash return
- -15.8%
- Down payment
- $622,222
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
- Triplex
- Bedrooms
- 6
- Bathrooms
- 4
- Building size
- 2,832 sqft
- Lot size
- 2,269 sqft
- Year built
- 2014
- Stories
- 2
- Garage spaces
- 1
- Style
- Contemporary
- Heating
- Central
- Cooling
- Central Air,Wall/Window Unit(s)
- Pool
- None
- View
- Neighborhood,Hills
- Status
- Active
- Days on market
- 48
- MLS #
- 245694186
About this property
Avalon triplex investment opportunity offering 2,832 square feet of living space, coastal charm, and the convenience of a newer build with a garage, modern kitchens and bathrooms, Fujitsu heating and AC, laundry in each unit and tasteful decor. Unit A features a two-story, 3 bedroom, 2 bathroom, a main level living room, kitchen, full bathroom, bedrooms are upstairs, Primary bedroom has electric fireplace, large deck with city and hillside views and ample space for families and larger groups. Unit B indoor staircase in entry to living area, which opens to kitchen, hallway leads to 2 bedrooms and 1 full bathroom. Unit C is single-level, 1 bedroom, 1 full bathroom, with the convenience of a fully equipped kitchen and comfortable living room. Ideally located close to downtown shops, restaurants, and the beach, this property offers an exceptional opportunity to enjoy the best of Avalon while creating potential rental income. Property is being sold furnished, with a Star Electric golf-cart. The property allows for so many possibilities for an island investment-from rentals or personal use or a combination of both. Make this Avalon triplex your Catalina Island investment opportunity and start enjoying the coastal lifestyle!
Location
359 Sumner
Avalon, Los Angeles, CA, 90704