Deal numbers
- Est. cap rate
- 2.5%
- Assumed rent, all units
- $8,490/mo
- Units
- 3
- Price per unit
- $683,333
- Est. annual NOI
- $50,940
- 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.
- Effective gross income
- $96,786
- Operating expenses
- $48,393
- Net operating income
- $48,393
- Annual debt service
- $122,748
- Annual cash flow
- -$74,355
- Cash on cash return
- -14.5%
- Down payment
- $512,500
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
- 6,970 sqft
- Year built
- 1962
- Stories
- 1
- Garage spaces
- 3
- Heating
- Central
- Cooling
- Central Air
- Pool
- None
- View
- None
- Status
- Active
- Days on market
- 1
- MLS #
- 247323487
About this property
Fully renovated inside and out, this Prime Huntington Beach triplex is 1.5 miles from the beach! The units have been completely renovated most recently in 2022-2023 and showcase luxury vinyl plank flooring, stainless steel appliances, fresh paint, new shaker-style cabinetry, new tub/shower surrounds, charming vanities, and forced-air heating and air conditioning units. Each 2-bedroom, 1-bathroom unit, enjoys natural light and open floorplans perfect for high tenant demand. Every unit features its own private one-car garage, plus one off-street parking space, and private laundry hookups. The rear unit boasts a spacious private patio and expansive yard area with direct garage access, creating the feel of living in a charming single-family home with a peaceful outdoor retreat. Unit A also enjoys a generous front yard space, perfect for BBQs and relaxing with friends and family. Located in a desirable neighborhood with a harmonious mix of residential homes and well-maintained multifamily properties, this triplex offers both pride of ownership and strong tenant appeal featuring amenities that tenants desire, including private laundry, garage parking, air conditioning, and private yard space, all in a desirable downtown Huntington Beach location near the coast.
Location
1209 Florida Street
Huntington Beach, Orange, CA, 92648