Deal numbers
- Est. cap rate
- 3.4%
- Assumed rent, all units
- $8,000/mo
- Units
- 4
- Price per unit
- $349,750
- Est. annual NOI
- $48,000
- 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
- $91,200
- Operating expenses
- $45,600
- Net operating income
- $45,600
- Annual debt service
- $83,768
- Annual cash flow
- -$38,168
- Cash on cash return
- -10.9%
- Down payment
- $349,750
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
- 5,128 sqft
- Lot size
- 5,253 sqft
- Year built
- 1930
- Stories
- 2
- Garage spaces
- 4
- Heating
- Wall Furnace
- Cooling
- None
- Pool
- None
- Status
- Active
- Days on market
- 1
- MLS #
- 246233247
About this property
A Spanish architectural gem, set mid-block on one of Leimert Park's premier tree-lined streets amid lush, mature greenery. All 4 spacious units feature two bedrooms, one bath, large living rooms, hardwood flooring, in-unit laundry, and separate dining rooms that have potential to be converted third bedrooms. Two units have been renovated and leased at market rate within the past six years, while the remaining two are well maintained with stable long-term tenants. The property features dual-pane vinyl windows throughout, separate gas and electrical meters for each unit, and four private single-car garages accessed from the rear alley. This property combines timeless Spanish character with exceptional Leimert Park location, generous floor plans, and solid gross income.
Location
4171 Garthwaite Avenue
Los Angeles, Los Angeles, CA, 90008