Est. cap rate

3.6%

Assumed rent, all units

$5,670/mo

Units

3

Price per unit

$316,333

Est. annual NOI

$34,020

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

4

Bathrooms

3

Building size

2,038 sqft

Lot size

5,135 sqft

Year built

1949

Stories

1

Garage spaces

0

Style

Ranch

Heating

Combination

Cooling

Wall/Window Unit(s)

Pool

None

View

Neighborhood

Status

Active

Days on market

3

MLS #

246915996

About this property

NEWLY REMODELED & INCREDIBLE INVESTMENT OPPORTUNITY! Located in a great Westside neighborhood and within walking distance to elementary, middle, and high schools, this extensively upgraded property offers an exciting opportunity to become a landlord, live in one unit while renting the others, or add a versatile income property to your investment portfolio. Originally a single-family home, the property is being transformed into a three-unit residence. The original unit has been completely remodeled from top to bottom and features 1 bedroom, 1 bathroom, and approximately 888 square feet of beautifully updated living space with a brand-new interior. The second unit is new construction, featuring 2 bedrooms, 1 bathroom, and approximately 700 square feet (buyer to verify; permit pending). The unit features a fresh, modern interior with all-new finishes. The third unit is a planned garage conversion into an approximately 450-square-foot ADU (buyer to verify; permit pending). The ADU will feature a brand-new, fully upgraded interior, with the exciting opportunity for the buyer to select certain finishes and personalize the space. Situated on a large 5,000+ square-foot lot, the property offers a long driveway, covered carport, ample street parking, and convenient alley access behind the property for additional parking and access. A grassy front yard provides a welcoming outdoor area for relaxing and enjoying the Southern California lifestyle. With three potential living spaces, extensive upgrades, new construction, a desirable Westside location, and convenient access to local schools, this property offers tremendous flexibility. Live in one and rent the others, create a multigenerational living setup, or take advantage of the property's investment potential

Location

2470 Webster

Long Beach, Los Angeles, CA, 90810