Deal numbers
- Est. cap rate
- 4.6%
- Assumed rent, all units
- $11,600/mo
- Units
- 4
- Price per unit
- $375,000
- Est. annual NOI
- $69,600
- 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
- $132,240
- Operating expenses
- $66,120
- Net operating income
- $66,120
- Annual debt service
- $89,816
- Annual cash flow
- -$23,696
- Cash on cash return
- -6.3%
- Down payment
- $375,000
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
- Quadruplex
- Bedrooms
- 10
- Bathrooms
- 8
- Building size
- 3,774 sqft
- Lot size
- 6,757 sqft
- Year built
- 2007
- Stories
- 2
- Garage spaces
- 0
- Heating
- Central
- Cooling
- Central Air
- Pool
- None
- View
- None
- Status
- Active
- Days on market
- 28
- MLS #
- 247034176
About this property
2007-built 4-unit multifamily investment property in Van Nuys, located in the heart of the San Fernando Valley within the City of Los Angeles. Newer than many surrounding apartment buildings and multi-unit properties, this gated complex includes two 3-bedroom, 2-bathroom units and two 2-bedroom, 1.5-bathroom units. Gas and electricity are separately metered for each unit, and tenants pay for their own trash, helping reduce owner-paid operating expenses. The property has an automatic gated entry and a large covered carport with two tandem parking spaces designated for each unit, providing parking for up to eight vehicles. The combination of 2007 construction, larger unit configurations, separate gas and electric meters, tenant-paid trash, gated access, and substantial covered parking makes this a compelling Los Angeles multifamily investment opportunity. Conveniently located in Van Nuys with access to major San Fernando Valley employment centers, shopping, dining, transportation, and surrounding Los Angeles communities. An excellent opportunity for investors searching for a fourplex, apartment building, income property, or multi-unit investment property in the San Fernando Valley. No HOA
Location
14212 Vanowen Street
Van Nuys, Los Angeles, CA, 91405