Est. cap rate

4.6%

Assumed rent, all units

$9,720/mo

Units

4

Price per unit

$318,750

Est. annual NOI

$58,320

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

2,200 sqft

Lot size

7,452 sqft

Year built

1951

Stories

1

Garage spaces

4

Cooling

Wall/Window Unit(s)

Pool

None

Status

Active

Days on market

29

MLS #

247231026

About this property

Single-story fourplex offers an exceptional, low-maintenance addition to any savvy investor's portfolio. The property comprises four identical, thoughtfully proportioned units—each featuring 550 square feet of efficiently designed living space complete with a spacious living area, dedicated dining room, and fully equipped kitchen. One vacant unit stands ready for immediate occupancy or market-rate leasing, showcasing gleaming hardwood floors and a modern kitchen. The remaining three residences boast updated kitchens along with various individual property enhancements. Upside potential awaits in the clean basement, which offers an ideal layout for conversion into a coin-operated laundry. Convenient vehicle storage includes four garage spaces supplemented by tandem parking, providing a seamless standard of two dedicated parking spots per unit. Backed by extensive recent capital expenditures—including a newer roof, fresh exterior paint, and lush, updated landscaping that elevates curb appeal—this asset drastically minimizes immediate maintenance overhead while securing long-term value and immediate cash-flow stability.

Location

624 W Foothill

Monrovia, Los Angeles, CA, 91016