Deal numbers
- Est. cap rate
- 3.0%
- Assumed rent, all units
- $9,000/mo
- Units
- 4
- Price per unit
- $449,750
- Est. annual NOI
- $54,000
- 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
- $102,600
- Operating expenses
- $51,300
- Net operating income
- $51,300
- Annual debt service
- $107,719
- Annual cash flow
- -$56,419
- Cash on cash return
- -12.5%
- Down payment
- $449,750
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
- 3,408 sqft
- Lot size
- 8,805 sqft
- Year built
- 1964
- Stories
- 1
- Garage spaces
- 0
- Heating
- Wall Furnace
- Cooling
- Wall/Window Unit(s)
- Pool
- None
- Status
- Active
- Days on market
- 1
- MLS #
- 246772000
About this property
Exceptional investment opportunity at 343 W Howard St, a beautifully upgraded four-unit apartment building in a highly desirable Pasadena location. This well-maintained, single-story property offers approximately 3,408 SF on an 8,802 SF lot, featuring four spacious 2-bedroom, 1-bathroom units, each approximately 850 SF. All units have been fully renovated with new flooring, modern kitchens with shaker cabinets, quartz countertops and stainless-steel appliances, remodeled bathrooms, in-unit laundry, updated lighting, and individual water heaters. Recent exterior and infrastructure improvements include new paint, double-pane windows, copper plumbing, and a relined sewer line (buyer to verify). The property includes a detached five-space carport plus an additional parking space with potential rental income, and no soft-story retrofit is required. Prime location just less than one mile from Brookside Golf Course and approximately 1.3 miles from the Rose Bowl, with easy access to Old Town Pasadena, Lake Avenue, The Paseo, shopping, dining, entertainment, and major Pasadena attractions. Turnkey condition, desirable unit mix, excellent location, and strong rental potential make this an outstanding multifamily investment opportunity.
Location
343 W Howard Street
Pasadena, Los Angeles, CA, 91103