Est. cap rate

4.1%

Assumed rent, all units

$5,970/mo

Units

3

Price per unit

$291,667

Est. annual NOI

$35,820

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

2,322 sqft

Lot size

5,905 sqft

Year built

1904

Stories

1

Garage spaces

1

Heating

Wall Furnace

Cooling

None

Pool

None

Status

Active

Days on market

1

MLS #

247224857

About this property

Excellent opportunity to own a 3-unit property in the heart of Los Angeles! this property offers a versatile unit mix along with several major improvements already completed. The front unit features 2 bedrooms, 1 bathroom, plus a small den, a long driveway providing ample off-street parking, and a 1-car garage. The second and third units each feature 1 bedroom and 1 bathroom, with both rear units sharing access to the backyard. Several major systems have been updated, including electrical, copper plumbing, and the gas line, while the roof was replaced approximately 10 years ago. With three units, off-street parking, garage space, and significant infrastructure improvements already completed, this property presents a great opportunity for an investor or owner-user looking to own a multi-unit property in a centrally located Los Angeles neighborhood. Conveniently situated near shopping, dining, transportation, and major thoroughfares, with easy access to Koreatown, Downtown Los Angeles, and surrounding areas. Lots of potential don’t miss this opportunity!

Location

1138 S Ardmore

Los Angeles, Los Angeles, CA, 90006