Est. cap rate

3.8%

Assumed rent, all units

$5,460/mo

Units

3

Price per unit

$285,667

Est. annual NOI

$32,760

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

Bathrooms

2

Building size

1,646 sqft

Lot size

4,770 sqft

Year built

1927

Stories

1

Garage spaces

2

Heating

Central

Cooling

Central Air

Pool

None

View

City Lights

Status

Active

Days on market

46

MLS #

246689396

About this property

PRICE IMPROVEMENT. Three-bedroom two bath home on large lot is currently used as a 2 bed 1 bath Home AND 1 bed 1 bath and kitchen Jr ADU with permit for 2nd ADU in the detached 2 plus car garage. Or use as 3-bedroom 2 bath house and complete ADU in garage for additional rental income or family space. Excellent After Renovation Value here. Welcome to this prime investment opportunity location in the heart of East LA, just steps away from the iconic Garfield High School. Great street appeal on one of the nicest neighborhoods available. This is perfect a first-time buyer looking for a place for additional income to help offset the payment. The fully permitted Junior ADU offers an additional 1-bedroom, 1-bath and kitchen living space, ideal for rental income or multigenerational living, bring mom and dad or adult children. Additionally, there’s a 400 square foot ADU ready to be built in the detached 2 plus garage with permits and plans providing even more potential for future expansion for more family members or additional rental income. Tastefully fenced and gated for privacy and security. Great rental location for students or nearby businesses. Nestled in a highly sought-after neighborhood with easy access to schools, shops, and restaurants and freeways, this property offers endless possibilities and charm. Don’t miss your chance to own a versatile home with built-in investment potential in a prime location! Lots of After Renovation Value with completion of ADU in garage. eller believes Rents can be significantly increased to neighborhood averages. Can be provided vacant at closing.

Location

649 S Vancouver Avenue

Los Angeles, Los Angeles, CA, 90022