Est. cap rate

3.9%

Assumed rent, all units

$8,440/mo

Units

4

Price per unit

$322,000

Est. annual NOI

$50,640

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

2,832 sqft

Lot size

6,166 sqft

Year built

1957

Stories

2

Garage spaces

4

Heating

Wall Furnace

Cooling

None

Pool

None

Status

Active

Days on market

2

MLS #

247468193

About this property

Conveniently located apartment complex with great upside potential for an owner / investor!!! Single building 4 unit residential apartment consisting of two 2 bedroom 1 bath units and two 1 bedrooms 1 bath units with a separate enclosed garage providing one parking space per unit. An ADU may also be possible in the garage area. The flexibility of below market month to month rents (3 of 4 tenants) and the opportunity for high impact improvements provides the basis to add significant value. Unit 1 has been recently improved and is now generating a market rent (significantly higher than the other two bedroom one bath unit). A perfect income and owner user opportunity for all Investors! Extremely desirable location walking distance to restaurants and close proximity to nearby markets and shops. Easy access public transportation, and to the 110, 91, 105, & 405 freeways. *****DO NOT WALK ON THE PROPERTY OR DISTURB THE TENANTS. DRIVE BY ONLY. MORE INFORMATION TEXT OR E-MAIL JOHN PARK. DIRECT PHONE # & EMAIL IS BELOW. *****

Location

14506 S Normandie Avenue

Gardena, Los Angeles, CA, 90247