Deal numbers
- Est. cap rate
- 3.8%
- Assumed rent, all units
- $11,000/mo
- Units
- 4
- Price per unit
- $433,750
- Est. annual NOI
- $66,000
- 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.
- Effective gross income
- $125,400
- Operating expenses
- $62,700
- Net operating income
- $62,700
- Annual debt service
- $103,887
- Annual cash flow
- -$41,187
- Cash on cash return
- -9.5%
- Down payment
- $433,750
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
- 4
- Building size
- 4,634 sqft
- Lot size
- 8,276 sqft
- Year built
- 1969
- Stories
- 2
- Garage spaces
- 5
- Heating
- Forced Air
- Cooling
- Central Air
- Pool
- None
- View
- None
- Status
- Active
- Days on market
- 33
- MLS #
- 246706768
About this property
Highly sought after Covington 4-plex in high demand rental area of Anaheim. Approximately 4,634 sq. ft. All units have been recently upgraded with Central Heat and AC, New Vinyl dual paned Windows, New Electric Sub Panels, New Garage Doors, New Vinyl Fencing and the list goes on!! This building consists of one 3-bedroom 2-bath owner style unit with a fireplace, vaulted ceilings in the living room, large patio, and two 1 car garages. Unit B is two 2-bedroom 2-baths unit with a balcony and Unit C is a 2-bedroom 2-bath unit with an enclosed patio. Unit D is above the 5 car garages and is also 2 Bedrooms and 2 Bathrooms. These units are all equipped with enclosed garages, 3 of the units have laundry and dryer hookups in unit plus there is potential for on-site laundry with washer and dryer hookups in an individual room for more income. All units are long term tenants and are current every month with rent. Also at the current numbers the cap is just over 5.2 and definitely has more room when lease agreements renew in 2027!!! Conveniently located with access to the 57 & 91 freeways, this location offers great shopping nearby with great restaurants. This location is close to Disneyland, Angel Stadium and the Honda Center, and this property borders Fullerton. Come take a look at this beautiful property before it is gone!
Location
2552 E Terrace
Anaheim, Orange, CA, 92806