Est. cap rate

3.4%

Assumed rent, all units

$7,000/mo

Units

4

Price per unit

$312,500

Est. annual NOI

$42,000

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

Quadruplex

Bedrooms

4

Building size

3,132 sqft

Lot size

7,432 sqft

Year built

1911

Stories

2

Garage spaces

2

Style

See Remarks

Heating

See Remarks

Cooling

See Remarks

Pool

None

View

None

Status

Active

Days on market

1

MLS #

246755642

About this property

Incredible Cash-Flowing 4-Plex with Value-Add Upside & 8 Parking Spaces! Attention investors! Don’t miss this exceptional four-unit income-producing property situated on a spacious 7,432 sq. ft. lot in East Los Angeles (90063). The desirable unit mix includes one large 3-bedroom/2-bath unit, one 3-bedroom/1-bath unit, and two 2-bedroom/1-bath units. The property also offers a landlord-friendly expense structure. All four units are separately metered for gas and electricity, and tenants pay for gas, electricity, and trash. The landlord is primarily responsible for water. A major highlight is the large, gated parking area with 8 dedicated parking spaces, a significant advantage in this high-demand rental market. Located in a quiet and developing East Los Angeles neighborhood with convenient access to major freeways, shopping, dining, Citadel Outlets, and Downtown Los Angeles. An excellent opportunity for investors seeking a strong cash-flowing asset, future upside, or a potential 1031 exchange replacement property.

Location

3634 Lanfranco

Los Angeles, Los Angeles, CA, 90063