Deal numbers
- Est. cap rate
- 3.3%
- Assumed rent, all units
- $5,160/mo
- Units
- 3
- Price per unit
- $316,667
- Est. annual NOI
- $30,960
- 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
- $58,824
- Operating expenses
- $29,412
- Net operating income
- $29,412
- Annual debt service
- $56,883
- Annual cash flow
- -$27,471
- Cash on cash return
- -11.6%
- Down payment
- $237,500
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
- 1,283 sqft
- Lot size
- 5,908 sqft
- Year built
- 1928
- Stories
- 1
- Garage spaces
- 0
- Heating
- Fireplace(s)
- Cooling
- None
- Pool
- None
- Status
- Active
- Days on market
- 1
- MLS #
- 246777380
About this property
Development opportunity to tear down existing structures and build to the highest and best use permitted. Take advantage of programs like SB79 or SB 684 / SB 1123, which could allow for higher density housing, especially with a transit station at Slauson nearby. Buyer to verify any and all permitted development. Zoned LAC2 which allows for various types of retail, office, or services, as well as multi-family similar to R4 zoning. Previously permitted land use for auto sales.
Location
6201 S Figueroa Street
Los Angeles, Los Angeles, CA, 90003