Deal numbers
- Est. cap rate
- 5.0%
- Assumed rent, all units
- $7,320/mo
- Units
- 4
- Price per unit
- $218,750
- Est. annual NOI
- $43,920
- 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
- $83,448
- Operating expenses
- $41,724
- Net operating income
- $41,724
- Annual debt service
- $52,393
- Annual cash flow
- -$10,669
- Cash on cash return
- -4.9%
- Down payment
- $218,750
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
- 2,960 sqft
- Lot size
- 5,200 sqft
- Year built
- 1932
- Stories
- 2
- Garage spaces
- 0
- Cooling
- Central Air
- Pool
- None
- Status
- Active
- Days on market
- 6
- MLS #
- 246015149
About this property
Positioned in the heart of Mid City Los Angeles, this gated two story 4 plex presents an attractive opportunity for investors seeking both immediate rental income and long-term flexibility.The property features four separate units two 2 bedroom units and two 1 bedroom units each offering a functional layout with living space, kitchen, and bedrooms. On site parking and a fully gated configuration add convenience and security for residents. Location is a major advantage. The property is minutes from SoFi Stadium, Intuit Dome, LA Live, the Los Angeles Memorial Coliseum, and BMO Stadium, while USC is approximately 4 miles away and LAX is about 10 miles east. With easy access to some of Los Angeles' most prominent destinations, the property is positioned in an active residential market with strong connectivity. For investors, the property offers an approximate 6.55% cap rate, creating an opportunity to acquire an income producing multifamily asset in a highly desirable Los Angeles location. Adding another layer of potential, the property offers mixed use possibilities, with space that may provide an opportunity for commercial use on the ground level and residential living above, subject to applicable zoning and local regulations. This flexibility could appeal to investors looking to diversify income streams or owners interested in combining business and residential use.
Location
7319 S Normandie
Los Angeles, Los Angeles, CA, 90044