Est. cap rate

5.8%

Assumed rent, all units

$7,960/mo

Units

4

Price per unit

$207,500

Est. annual NOI

$47,760

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

Quadruplex

Bedrooms

4

Building size

3,120 sqft

Lot size

6,251 sqft

Year built

1908

Stories

2

Garage spaces

0

Pool

None

Status

Active

Days on market

1

MLS #

247097499

About this property

Prime Investment Opportunity Near Downtown Los Angeles Located just minutes from Downtown Los Angeles, this multifamily property presents an exciting opportunity for investors seeking value in the heart of one of LA’s most dynamic and rapidly evolving urban markets. Public records reflect four (4) units, while the existing building is currently configured as five (5) units, according to the seller. The current configuration is reported to include four (4) 1-bedroom/1-bath units and one unpermitted (1) 1-bedroom/1-bath unit, rent is $807.23. The property is identified by the Assessor as a historically preserved building within the Pico-Union area and is being offered “As Is.” With its central location and proximity to major employment, entertainment, transportation, and redevelopment activity, this property offers tremendous potential for a savvy investor looking to capitalize on the continued growth and expansion of Downtown Los Angeles. Conveniently located near LA LIVE, Crypto.com Arena (formerly Staples Center), Downtown LA, public transportation, restaurants, and the 110 and 10 freeways, providing excellent access throughout Los Angeles. Drive-by only. Please do not disturb the tenants, as they are not aware that the property is currently being offered for sale. Buyer to independently verify all information with the City of Los Angeles, including the total number of legally permitted units, building square footage, zoning, permits, and other property-related information. Buyer and buyer’s agents are advised to conduct their own due diligence and satisfy themselves regarding the property’s current use and legal status.

Location

1835 W 12th

Los Angeles, Los Angeles, CA, 90006