Est. cap rate

1.6%

Assumed rent, all units

$7,500/mo

Units

3

Price per unit

$916,667

Est. annual NOI

$45,000

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.

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

3,561 sqft

Lot size

5,400 sqft

Year built

2026

Stories

2

Garage spaces

2

Style

Modern

Heating

Central

Cooling

Central Air

Pool

None

Status

Active

Days on market

44

MLS #

246687736

About this property

Introducing 3038- 3040 1/2 W Casitas Ave, a brand new 2026 construction triplex offering a rare combination of modern living, strong income potential, and exceptional flexibility in one of Los Angeles’ most desirable locations. Delivered 100% vacant and not subject to rent control, the property gives its next owner the opportunity to immediately establish market rents, select their own tenants, or take advantage of an ideal house hack opportunity, live in one unit while generating rental income from the other two. The property features an impressive 12 bedrooms and 9 bathrooms across approximately 3,561 SF, with a highly desirable unit mix consisting of a spacious 5-bedroom/4-bath front residence, a 4-bedroom/3-bath unit, and a 3-bedroom/2-bath unit. The large bedroom counts provide excellent rental flexibility and strong income potential for both investors and owner-users. Designed with long term ownership in mind, each residence is individually metered for water, gas, and electricity, helping simplify utility management and minimize owner paid expenses. Each unit also includes in-unit laundry hookups, while the property features solar panels, two garage spaces and additional on-site parking. Brand-new construction provides the added benefit of modern building systems and potentially lower near term maintenance compared with older multifamily inventory. The location further sets 3038 W Casitas apart. Positioned in Atwater Village near the Los Angeles River, the property offers convenient access to the neighborhood’s popular restaurants, cafés, shops and recreation while placing residents just minutes from Silver Lake, Glendale and Downtown Los Angeles. Whether acquired as a turnkey multifamily investment, owner-occupied income property, or multi-generational living opportunity, 3038 W Casitas Ave offers the increasingly difficult to find combination of new construction, vacant delivery, 12 bedrooms, strong income potential, separate utilities and a prime Los Angeles location.

Location

3038 Casitas Avenue

Los Angeles, Los Angeles, CA, 90039