Deal numbers
- Est. cap rate
- 3.6%
- Assumed rent, all units
- $7,920/mo
- Units
- 4
- Price per unit
- $331,250
- Est. annual NOI
- $47,520
- 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
- $90,288
- Operating expenses
- $45,144
- Net operating income
- $45,144
- Annual debt service
- $79,337
- Annual cash flow
- -$34,193
- Cash on cash return
- -10.3%
- Down payment
- $331,250
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
- 4,716 sqft
- Lot size
- 6,043 sqft
- Year built
- 1926
- Stories
- 2
- Garage spaces
- 0
- Pool
- None
- Status
- Active
- Days on market
- 2
- MLS #
- 247446295
About this property
An incredible opportunity to own a spacious quadruplex in the desirable neighborhood of Arlington Heights. Situated on an approximately 6,043 square foot lot, this 4-unit property totals an impressive 4,716 square feet, with each unit offering 1 bedroom and 1 bathroom. Step inside to discover exceptionally spacious units featuring generously sized living areas and bedrooms, offering the character and scale rarely found in Los Angeles 1-bedroom units. Each unit features its own small front balcony, individual front entry access, and rear exit access. Dedicated uncovered parking spaces are conveniently located at the rear of the property. The property presents an excellent opportunity for an investor looking to acquire a substantial multifamily asset in a centrally located Los Angeles neighborhood. The continued growth and revitalization of the surrounding areas provide potential for a new owner to enhance the property and achieve superior future returns with both immediate and long-term investment potential. Centrally located with convenient access to Downtown Los Angeles, Culver City, USC, Koreatown, the Westside, major freeways, shopping, dining, entertainment, and public transportation. A tremendous opportunity to own a well-sized four-unit property in one of Los Angeles' most centrally positioned neighborhoods.
Location
4051 W 21st
Los Angeles, Los Angeles, CA, 90018