Deal numbers
- Est. cap rate
- 3.2%
- Assumed rent, all units
- $13,360/mo
- Units
- 4
- Price per unit
- $624,750
- Est. annual NOI
- $80,160
- 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
- $152,304
- Operating expenses
- $76,152
- Net operating income
- $76,152
- Annual debt service
- $149,633
- Annual cash flow
- -$73,481
- Cash on cash return
- -11.8%
- Down payment
- $624,750
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
- 2,537 sqft
- Lot size
- 4,356 sqft
- Year built
- 1960
- Stories
- 2
- Garage spaces
- 3
- Cooling
- None
- Pool
- None
- View
- None
- Status
- Active
- Days on market
- 38
- MLS #
- 247358978
About this property
Prime Location! 366 Y Place, Laguna Beach is a fully leased out four-unit property located in the Village of Laguna Beach. Ocean views from upstairs balcony. Just a short stroll to the beach, stores, restaurants, banks, transportation, and art festivals. Units are occupied with good, stable, long-term tenants who have been there for years. Currently on month-to-month. Ample parking with garage and driveway Coin-operated washer and dryer in garage generates additional income. Units have been remodeled with quartz countertops, laminate flooring, stainless steel appliances, refrigerators, and tiled bathroom showers.The property has separate gas and electric submeters.
Location
366 Y Place
Laguna Beach, Orange, CA, 92651