Deal numbers
- Est. cap rate
- 4.3%
- Assumed rent, all units
- $6,720/mo
- Units
- 3
- Price per unit
- $316,000
- Est. annual NOI
- $40,320
- 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
- $76,608
- Operating expenses
- $38,304
- Net operating income
- $38,304
- Annual debt service
- $56,764
- Annual cash flow
- -$18,460
- Cash on cash return
- -7.8%
- Down payment
- $237,000
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
- 2,596 sqft
- Lot size
- 7,169 sqft
- Year built
- 1922
- Stories
- 1
- Garage spaces
- 2
- Heating
- None
- Cooling
- None
- Pool
- None
- View
- None
- Status
- Active
- Days on market
- 43
- MLS #
- 246874714
About this property
Excellent investment opportunity in Inglewood! This unique property offers a versatile mix of residential and commercial potential in a convenient location near major thoroughfares, shopping, dining, employment centers and transportation. The property features multiple existing living spaces with separate entrances, providing a variety of possibilities for an investor, owner-user or buyer looking for a property with income potential. The property includes addresses associated with 707 E 65th Street, 700 Hyde Park Boulevard and 704 Hyde Park Boulevard, along with additional existing spaces. A converted garage provides additional usable space. The flexible configuration and commercial zoning further add to the property's potential for a buyer looking to maximize the site. Centrally located with convenient access to Inglewood, South Los Angeles, LAX, SoFi Stadium, Intuit Dome and surrounding communities. A great opportunity to acquire a property with multiple existing spaces and future possibilities. Buyer to independently verify zoning, permitted uses, unit count, square footage, rent-control applicability, addresses, permits and all information relating to the property with the appropriate governmental agencies.
Location
707 E 65th
Inglewood, Los Angeles, CA, 90302