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$1,599,000
775 Alamitos Avenue
Long Beach, Los Angeles, 90813
Quadruplex · 4 units
Active · 4 days on market
Deal numbers
- Est. cap rate
- 3.0%
- Assumed rent, all units
- $8,040/mo
- Units
- 4
- Price per unit
- $399,750
- Est. annual NOI
- $48,240
- 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.
5.0%
50%
25%
7.00%
- Effective gross income
- $91,656
- Operating expenses
- $45,828
- Net operating income
- $45,828
- Annual debt service
- $95,744
- Annual cash flow
- -$49,916
- Cash on cash return
- -12.5%
- Down payment
- $399,750
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
- 3,376 sqft
- Lot size
- 4,405 sqft
- Year built
- 1923
- Stories
- 2
- Garage spaces
- 3
- Heating
- Wall Furnace
- Cooling
- None
- Pool
- None
- View
- None
- Status
- Active
- Days on market
- 4
- MLS #
- 247332012
About this property
ONLY 8 BLOCKS TO OCEAN BLVD. JUST A 3 MINUTE DRIVE TO THE OCEAN. THIS PROPERTY IS CURRENTLY BEING RENTED AS TRANSITIONAL HOUSING. EACH OF THE 4 UNITS IS A 2 BEDROOM 1 BATH. THE 4 UNITS NEXT DOOR AT 801 ALAMITOS AVE. IS ALSO LISTED FOR SALE.
Location
775 Alamitos Avenue
Long Beach, Los Angeles, CA, 90813