Est. cap rate

3.4%

Assumed rent, all units

$5,940/mo

Units

3

Price per unit

$349,667

Est. annual NOI

$35,640

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

3

Building size

2,823 sqft

Lot size

5,788 sqft

Year built

1921

Stories

2

Garage spaces

3

Pool

None

Status

Active

Days on market

2

MLS #

247093432

About this property

Welcome to this classic 1921 multi-family triplex located in a vibrant and accessible pocket of Los Angeles. Offering a total building size of approximately 2,823 square feet situated on a generous 5,793-square-foot lot, this property presents an exceptional value add or portfolio builder for savvy investors and owner-occupants alike. The property features a combined total of 7 bedrooms and 3 bathrooms spread across its multi-unit setup, offering functional footprints with strong rental upside. Centrally located with convenient access to local shopping, dining, major transit lines, and the USC campus area, making tenant demand consistently robust. Don't miss your chance to secure a versatile multi-family asset in a dynamic LA location. Bring your vision and capitalize on the massive potential this property has to offer!

Location

1870 W 37th Place

Los Angeles, Los Angeles, CA, 90018