Deal numbers
- Est. cap rate
- 2.8%
- Assumed rent, all units
- $5,700/mo
- Units
- 3
- Price per unit
- $405,000
- Est. annual NOI
- $34,200
- 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
- $64,980
- Operating expenses
- $32,490
- Net operating income
- $32,490
- Annual debt service
- $72,751
- Annual cash flow
- -$40,261
- Cash on cash return
- -13.3%
- Down payment
- $303,750
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
- Triplex
- Bedrooms
- 3
- Building size
- 3,028 sqft
- Lot size
- 6,372 sqft
- Year built
- 1931
- Stories
- 1
- Garage spaces
- 1
- Style
- Modern,Spanish
- Heating
- Central
- Cooling
- None
- Pool
- None
- View
- None
- Status
- Active
- Days on market
- 44
- MLS #
- 246822922
About this property
This tri-plex enjoys close proximity to Inglewood's major stadiums and entertainment district and is conveniently located near the LA Crenshaw LAX Metro light rail station. This property offers an opportunity for either investors or owner-occupants with longtime tenants paying close to market rent. The property consists of three updated units totaling approximately 3,028 square feet, with 7 bedrooms and 5 bathrooms overall. The property features in the front a spacious detached 3-bedroom Spanish-style bungalow built in 1931 with a front lawn and its own private courtyard. The modern-style building in the rear features two townhome type units each offering 2 bedrooms and 1.5 bathrooms. One of the 2-bedroom townhome units, which was recently remodeled with wood laminate flooring, designer light fixtures, quiet ceiling fans in the bedrooms and granite countertops in the kitchen, is currently providing an opportunity for an owner-occupant to move in. New roofs were installed by the current owner. Washer and dryer hookups in all units and separate gas and electric meters for each unit. Four parking spaces and a detached garage are situated on-site inside of a gated driveway.
Location
6544 S Victoria Avenue
Los Angeles, Los Angeles, CA, 90043