Est. cap rate

6.4%

Assumed rent, all units

$7,480/mo

Units

4

Price per unit

$174,975

Est. annual NOI

$44,880

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

5

Bathrooms

4

Building size

2,400 sqft

Lot size

8,898 sqft

Year built

1954

Stories

1

Garage spaces

0

Cooling

Central Air

Pool

None

View

City Lights,Neighborhood

Status

Active

Days on market

2

MLS #

247484725

About this property

Welcome to this unique single-family residential property offering an expansive backyard and three unpermitted additional units, creating an attractive opportunity for buyers seeking additional space and potential income-producing uses. The main residence provides the foundation of this property, while the spacious rear lot features three additional units that have been constructed in a professional, workmanlike manner and are currently being utilized as income-producing assets. The backyard configuration offers a unique setup with multiple structures, providing flexibility for extended family, guests, workspace, or rental purposes, subject to all applicable laws, permits, zoning requirements, and buyer verification. Buyer and buyer’s agent are strongly advised to conduct their own independent due diligence regarding the condition, permitted status, zoning, legality, square footage, utilities, occupancy, rental use, and potential future use of all structures on the property. The three additional units are unpermitted, and buyers should independently verify all information with the appropriate governmental agencies and authorities. Listing agent and seller make no representations or warranties regarding the legality, permitting, code compliance, rental status, income, or future use of the additional structures. Listing agent is not responsible or liable for information provided regarding the listing, and buyers should satisfy themselves through their own investigations and inspections. The location adds to the appeal, with shopping centers, schools, restaurants, everyday conveniences, and other amenities located nearby, while convenient freeway access provides connectivity to surrounding communities and employment centers. Buyer to independently verify all property information, including but not limited to permits, zoning, square footage, bedroom/bathroom count, rental income, occupancy, utilities, and the legality and permitted status of all structures. Buyer and buyer’s agent to conduct their own due diligence.

Location

406 E 122nd st

Los Angeles, Los Angeles, CA, 90061