Est. cap rate

5.5%

Assumed rent, all units

$7,280/mo

Units

4

Price per unit

$200,000

Est. annual NOI

$43,680

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

2,104 sqft

Lot size

4,000 sqft

Year built

1924

Stories

1

Garage spaces

0

Heating

Ductless,Wall Furnace

Cooling

Wall/Window Unit(s),Ductless

Pool

None

View

None

Status

Active

Days on market

16

MLS #

247498501

About this property

Turnkey 4 unit in the heart of Boyle Heights, minutes from Downtown LA and steps from everything East LA has to offer. 100% occupied and cash flowing from day one, with easy 10 Freeway access and less than a mile to the Metro L Line at Soto Station. The original 1923 duplex sits up front (2019: 1BD/1BA, 2021: 2BD/1BA), both fully remodeled with new flooring, paint, kitchens and bathrooms, move-in ready. Behind it, two permitted studio ADUs constructed in 2024 with a valid Certificate of Occupancy on file (issued 9/17/24). ADU's are completely turnkey with new cabinets, countertops, flooring, bathrooms, and each one running its own split-system HVAC. Every unit is individually metered for electric. Prime location near White Memorial, LAC+USC, and Keck Hospital of USC makes this a strong hold for tenant demand tied to the area's massive healthcare and university employment base. Grant of up to $20,000 may be available to eligible buyers, subject to lender approval and program terms. Inquire with listing agent for more details.

Location

2019 City View

Los Angeles, Los Angeles, CA, 90033