Deal numbers
- Est. cap rate
- 3.3%
- Assumed rent, all units
- $8,070/mo
- Units
- 3
- Price per unit
- $482,667
- Est. annual NOI
- $48,420
- 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
- $91,998
- Operating expenses
- $45,999
- Net operating income
- $45,999
- Annual debt service
- $86,702
- Annual cash flow
- -$40,703
- Cash on cash return
- -11.2%
- Down payment
- $362,000
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
- 4
- Bathrooms
- 4
- Building size
- 2,092 sqft
- Lot size
- 7,109 sqft
- Year built
- 1924
- Stories
- 1
- Garage spaces
- 2
- Style
- Traditional
- Heating
- Central
- Cooling
- Central Air
- Pool
- None
- View
- Trees/Woods,Courtyard
- Status
- Active
- Days on market
- 1
- MLS #
- 246103596
About this property
Exceptional opportunity to acquire potentially income producing and investment opportunity in prime Glendale location. Situated on R4-zoned lot, this versatile multi-family unit property offers approximately 2,092 sq.ft. of living space with multiple income possibilities. The property features recently renovated 2BD/2BH front house, plus an attached 470 sq. ft .studio with full kitchen and bathroom. A separate rear unit offers 2BD/1BH with a workshop in the back on top of a 2-car garage offering a potential ADU conversion opportunity to create value and maximize rental income. Each unit includes spacious layouts. The R4 zoning may provide additional future development opportunities, making this an attractive option for investors, owner-users, our buyers looking to maximize rental income. Conveniently located near shopping, dining, parks, schools, and major freeways, this multi family unit combines strong rental appeal with long-term growth potential. Located in Glendale's high rental demand market near the Galleria, the Americana, tons of local restaurants & shops, and convenient access to the 5/134 freeways. All 3 units can be delivered vacant.
Location
420 W California Boulevard
Glendale, Los Angeles, CA, 91203