Deal numbers
- Est. cap rate
- 3.8%
- Assumed rent, all units
- $9,200/mo
- Units
- 4
- Price per unit
- $362,500
- Est. annual NOI
- $55,200
- 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
- $104,880
- Operating expenses
- $52,440
- Net operating income
- $52,440
- Annual debt service
- $86,822
- Annual cash flow
- -$34,382
- Cash on cash return
- -9.5%
- Down payment
- $362,500
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
- 3,125 sqft
- Lot size
- 6,250 sqft
- Year built
- 1951
- Stories
- 1
- Garage spaces
- 4
- Heating
- Wall Furnace
- Cooling
- Wall/Window Unit(s)
- Pool
- None
- View
- Mountain(s)
- Status
- Active
- Days on market
- 21
- MLS #
- 246678525
About this property
Constructed in 1951, the property sits on a ±6,250 square-foot lot with a total building size of ±3,125 square feet. Positioned at the intersection of South Bushnell Avenue in central Alhambra, the property benefits from immediate proximity to Valley Boulevard and Fremont Avenue, two of the area's primary retail corridors. The location offers exceptional connectivity, with convenient access to the 10 and 710 Freeways, and is minutes from Cal State University, Los Angeles and approximately 8 miles from Downtown Los Angeles. Neighboring cities include Monterey Park, San Gabriel, and Temple City. The property features an ideal unit mix of two 1-bedroom/1-bathroom units and two 2-bedroom/1-bathroom units, averaging 781 square feet per unit. Each residence has been thoughtfully updated and features renovated interiors with fully equipped kitchens, updated cabinetry, tile flooring, recessed lighting, upgraded bathroom sinks and showers, split air conditioning units, laminate wood flooring, and vertical blinds. On-site covered parking is available for all residents with ample street parking. The property presents a well-maintained exterior with newer exterior paint and mature, lush landscaping throughout. 221 S Bushnell Avenue is a well-maintained, income-producing fourplex located in one of the San Gabriel Valley's most desirable residential submarkets.
Location
221 S Bushnell Avenue
Alhambra, Los Angeles, CA, 91801