Est. cap rate

4.4%

Assumed rent, all units

$7,320/mo

Units

4

Price per unit

$247,500

Est. annual NOI

$43,920

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

2,016 sqft

Lot size

5,905 sqft

Year built

1948

Stories

1

Garage spaces

0

Pool

None

Status

Active

Days on market

1

MLS #

247441290

About this property

Turnkey investment or house hack opportunity on a corner lot in Vermont Knolls, with no existing leases to assume. Buyer to have full possession of all units at close of escrow. Live in one unit and rent out the others. All units renovated in 2017 with kitchen cabinets, tiled bathrooms, flooring, new roof and electrical; owner's unit further upgraded this year with new flooring and paint. Individually metered for gas and electric, each unit offers a private back patio, plus the owner's unit has access to a large front yard. Gated parking included. Assumable VA loan at 2.75% for veterans (buyer to verify). Minutes to the 110 Fwy and SoFi Stadium and across the street from Algin Sutton Rec Center which features a pool, sports fields, and gym.

Location

706 W 90th

Los Angeles, Los Angeles, CA, 90044