Est. cap rate

3.0%

Assumed rent, all units

$5,310/mo

Units

3

Price per unit

$350,000

Est. annual NOI

$31,860

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

3

Building size

2,301 sqft

Lot size

11,152 sqft

Year built

1922

Stories

1

Garage spaces

2

Style

Contemporary

Heating

Wall Furnace

Cooling

None

Pool

None

View

None

Status

Active

Days on market

28

MLS #

246394850

About this property

Three houses on a large lot with plenty of parking, each with 3 bedrms and 2 baths. Unit 4848 is nicely remodeled throughout with newer cabinets and new appliances in the kitchen, fresh paint, laminate wood flooring, and has washer/dryer hookups in the back! Ideal for an owner occupant. It also has a small yard area for pets! Only one block to the middle school. With potential rent on unit 4848, the income can possibly be $90k/yr but Buyer to verify. Many homes in the area are updated. Conveniently located. The other two units have excellent long-term tenants, and each separate home has laundry hookups- a great advantage when renting! The front house has a laundry room inside, a large yard area and a patio area in the back. There are two enclosed garages with additional income- $180/mo for garage (4846) and $110/mo (4842). Other properties in the area with much smaller lots have added ADUs! Property has been maintained and being sold as-is. Expenses are incomplete from property manager. Water ($5133) probably includes trash.

Location

4846 W 111th Place

Inglewood, Los Angeles, CA, 90304