Deal numbers
- Est. cap rate
- 4.0%
- Assumed rent, all units
- $8,720/mo
- Units
- 4
- Price per unit
- $324,750
- Est. annual NOI
- $52,320
- 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
- $99,408
- Operating expenses
- $49,704
- Net operating income
- $49,704
- Annual debt service
- $77,781
- Annual cash flow
- -$28,077
- Cash on cash return
- -8.6%
- Down payment
- $324,750
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
- 6
- Bathrooms
- 4
- Building size
- 2,595 sqft
- Lot size
- 10,538 sqft
- Year built
- 1924
- Stories
- 1
- Garage spaces
- 4
- Cooling
- None
- Pool
- None
- View
- None
- Status
- Active
- Days on market
- 1
- MLS #
- 246371244
About this property
Great west Adams fourplex oppertunity! Discover 2949 Harcourt Ave, a well positioned four-unit property on an oversized corner lot. The property offers approximately 2,595 sq, ft, of living space, four garage spaces, gated grounds, and execellent potential for investors and owner-users. Three units are currently month-to-month, while one unit will be delivered vacant. offering flexibility for the next owner. Conveniently located near shopping, entertainment and major Los Angeles transportation corridors. A great opportunity to own and add value in a desirable Los Angeles neighborhood.
Location
2949 S Harcourt
Los Angeles, Los Angeles, CA, 90016