Deal numbers
- Est. cap rate
- 4.3%
- Assumed rent, all units
- $6,880/mo
- Units
- 4
- Price per unit
- $239,750
- Est. annual NOI
- $41,280
- 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
- $78,432
- Operating expenses
- $39,216
- Net operating income
- $39,216
- Annual debt service
- $57,422
- Annual cash flow
- -$18,206
- Cash on cash return
- -7.6%
- Down payment
- $239,750
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
- 2,074 sqft
- Lot size
- 6,354 sqft
- Year built
- 1924
- Stories
- 1
- Garage spaces
- 0
- Style
- Traditional
- Heating
- Wall Furnace
- Cooling
- None
- Pool
- None
- View
- City Lights
- Status
- Active
- Days on market
- 9
- MLS #
- 247428019
About this property
338 W. 74th Street is a UNIQUE 4 UNIT INVESTMENT OPPORTUNITY WITH 3 UNITS BEING DELIVERED VACANT.........Centrally located in South Los Angeles along Interstate 110, giving residents access to Downtown Los Angeles to the north, as well as the southern cities of Torrance and Long Beach. The 2,074 square foot, three-unit plus newly constructed ADU residential complex sits on a large 6,352 square foot lot. Off-street parking is available for 6 cars. BUYERS CLOSING COSTS AVAILABLE BUT MUST ACT FAST.......
Location
338 W 74th
Los Angeles, Los Angeles, CA, 90003