Est. cap rate

3.4%

Assumed rent, all units

$6,420/mo

Units

3

Price per unit

$383,000

Est. annual NOI

$38,520

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

5

Bathrooms

3

Building size

1,820 sqft

Lot size

5,546 sqft

Year built

1939

Stories

1

Garage spaces

1

Style

Bungalow

Heating

Natural Gas,Wall Furnace

Cooling

None

Pool

None

View

Neighborhood

Status

Active

Days on market

26

MLS #

246784463

About this property

Incredible investment opportunity in one of Inglewood's most desirable locations! This prime triplex features approximately 1,901 sq. ft. of existing living space across three residential units, plus a permitted 1-bedroom / 1-bathroom Accessory Dwelling Unit (ADU) currently at ~75% completion with its own separate entry. The main structure consists of two 2-bedroom / 1-bathroom units and one 1-bedroom / 1-bathroom unit. With one of the 2-bedroom units currently vacant, this property offers an ideal setup for an owner-occupant or an investor looking to capture immediate market rents. Completing the remaining finishings on the permitted ADU adds even more upside to unlock a total estimated pro forma monthly income of $7,600 to $9,000 across all four spaces. Situated on a spacious lot with ample on-site parking, residents will enjoy unbeatable access to top entertainment destinations, including SoFi Stadium, Intuit Dome, and Hollywood Park, along with convenient proximity to LAX and the 405 freeway.

Location

221 W Hillcrest Boulevard

Inglewood, Los Angeles, CA, 90301