Est. cap rate

5.5%

Assumed rent, all units

$5,790/mo

Units

3

Price per unit

$210,000

Est. annual NOI

$34,740

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

Triplex

Bedrooms

3

Building size

2,528 sqft

Lot size

6,678 sqft

Year built

1930

Stories

1

Garage spaces

0

Heating

Wall Furnace

Cooling

Wall/Window Unit(s)

Pool

None

View

None

Status

Active

Days on market

2

MLS #

247447226

About this property

Excellent investment opportunity in the Manchester Square neighborhood of South Los Angeles! This fully occupied triplex features three single-level units, each offering 2 bedrooms and 1 bathroom, providing an established income with long term tenants. Each residence enjoys its own private laundry, separate utility meters, and tenants are responsible for their own utilities—an attractive setup for investors seeking simplified property management. The property also features onsite parking and a long driveway providing additional access and parking flexibility. Ideally situated within South Los Angeles with convenient access to major employment centers, transportation corridors, shopping, dining, and the greater Los Angeles area, this property offers both immediate income and long-term potential. The generous site may provide an opportunity to expand the existing improvements or construct additional units, including potential ADU opportunities, subject to applicable zoning, development standards, and City approvals. Buyer to independently verify all development possibilities. Property is being sold fully occupied with existing tenants in place, and estoppel certificates will be provided for the current tenancies. A compelling opportunity to acquire a three-unit Los Angeles investment property with individually metered units, tenant-paid utilities, onsite parking, and potential future upside.

Location

1510 W 84th

Los Angeles, Los Angeles, CA, 90047