Est. cap rate

5.2%

Assumed rent, all units

$13,520/mo

Units

4

Price per unit

$387,500

Est. annual NOI

$81,120

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

4

Building size

2,416 sqft

Lot size

6,903 sqft

Year built

1950

Stories

2

Garage spaces

4

Pool

None

Status

Active

Days on market

1

MLS #

246189527

About this property

An extraordinary opportunity awaits in the highly desirable Westchester neighborhood of West Los Angeles. Ideally suited for an owner-operator, first time investor, or developer. This four-unit apartment property combines immediate income potential with significant opportunities to potentially enhance future value with ADU's or additional units. Exceptional Owner-User & Investment Opportunity. The property consists of four one-bedroom, one-bath units. Individual front doors and rear entrances into the kitchens add convenience and privacy for residents. Thoughtful property improvements include sound-reducing dual-pane windows, sound-reducing front and rear exterior doors, refreshed interiors, attractive landscaping, a dedicated laundry facility, and four enclosed single-car garages with overhead door openers. For investors and developers seeking additional upside, the property may also offer potential for the addition or conversion of ADUs, subject to applicable state and local laws, zoning, approvals, and feasibility. The existing garages and property configuration create an intriguing opportunity to explore ways to further maximize the site’s income-producing potential. Westchester continues to benefit from its strong demographics, high rental demand, and exceptional location. The surrounding community offers convenient access to major employment centers, educational institutions, recreation, shopping, dining, transportation corridors, and the greater Westside. For the owner-user or investor looking to establish a foothold in one of West Los Angeles’ most desirable and strategically located communities, this fourplex presents an exceptional opportunity to create both immediate and long-term value.

Location

5734 Morley

Los Angeles, Los Angeles, CA, 90045