Est. cap rate

4.5%

Assumed rent, all units

$7,980/mo

Units

3

Price per unit

$358,333

Est. annual NOI

$47,880

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

Building size

3,136 sqft

Lot size

6,737 sqft

Year built

1923

Garage spaces

3

Pool

None

View

City Lights

Status

Active

Days on market

50

MLS #

246433908

About this property

This Spanish triplex is down the street from Paramount Studios, adjacent to Melrose Ave and nearby employment, shops, places to eat...convenient to just about everything. The top floor, two bedroom owner's unit is empty, charming, beautiful and has a view of downtown from the front bedroom and balcony. The location and amenities are incredible and the other two units make it incredibly affordable...for what you would pay for a house about the size of the top unit you can own this triplex. Rich, hardwood floors are found in the living room, dining room and both bedrooms. Abundant windows bring light streaming into every room. There is so much storage including a pantry and closets in the living room and dining room. The rooftop balcony off the front bedroom faces east and has a partial view of the downtown skyline. Giant, rear balcony is accessed from the service porch or the back yard. Laundry hookups and machines are on the service porch along with the pantry. The two downstairs units are large, one bedrooms with stable, long term tenants. Each unit gets its own garage space in the back.

Location

833 N Ridgewood Place

Los Angeles, Los Angeles, CA, 90038