Est. cap rate

3.2%

Assumed rent, all units

$8,880/mo

Units

3

Price per unit

$550,000

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

Triplex

Bedrooms

5

Building size

2,906 sqft

Lot size

22,540 sqft

Year built

1920

Stories

2

Garage spaces

4

Pool

None

View

Canyon

Status

Active

Days on market

27

MLS #

246106752

About this property

Prime Developer/Builder Opportunity - 13,880 SF + 8,660 SF (Double Lot total = 22,540 SF) Unique opportunity to create your dream home while generating income from two additional units (3 separate dwelling units total + 4 single car garages). Situated on two adjacent parcels totaling approximately 22,540 square feet, the property offers exceptional flexibility and long-term potential. Remodel the existing front residence or explore building a new custom home while retaining the two rear units as income-producing rentals. The adjoining undeveloped parcel provides additional space for outdoor living, gardens, recreation, or future development. In addition to the 4 single garages (2 currently leased) - the mostly flat site features easy road access and convenient curb parking. An ideal opportunity for an owner-user seeking a spacious residential property with supplemental rental income. Development and use possibilities are subject to applicable zoning, permits, and governmental approvals. Owner to consider financing.

Location

2284 Holly Drive

Los Angeles, Los Angeles, CA, 90068