Est. cap rate

3.6%

Assumed rent, all units

$9,240/mo

Units

4

Price per unit

$387,500

Est. annual NOI

$55,440

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

2,600 sqft

Lot size

5,946 sqft

Year built

1895

Stories

2

Garage spaces

0

Heating

Ductless

Cooling

Ductless

Pool

None

Status

Active

Days on market

1

MLS #

247183980

About this property

Excellent income-producing opportunity in Los Angeles! 210 Belmont Ave is a four-unit property offering a unique combination of long-term tenancy and flexible mid-term rental potential. The property is currently operated with two long-term rental units along with two spacious 2-bedroom, 2-bathroom units being utilized for mid-term rentals. Each bedroom in the 2-bedroom units features its own private exterior entrance, providing additional flexibility in how the spaces may be used and rented. The current rental configuration generates approximately $10k plus per month in scheduled gross rental income. A major highlight is the property's parking capacity, with five tandem parking areas accommodating approximately 11 vehicles—an attractive feature for a multifamily property in Los Angeles. Investors have the opportunity to continue the property's current rental strategy or explore alternative configurations and rental options. The two 2-bedroom units may also be utilized in their original configuration, providing additional flexibility for future ownership. Conveniently located near Downtown Los Angeles with access to major employment centers, dining, entertainment, and transportation. A compelling opportunity for investors seeking existing income, multiple rental configurations, and long-term potential in the Los Angeles multifamily market. Buyer to independently verify all property information, rental income, permits, unit configuration, rental use, and applicable local regulations.

Location

210 Belmont Avenue

Los Angeles, Los Angeles, CA, 90026