Deal numbers
- Est. cap rate
- 5.5%
- Assumed rent, all units
- $9,240/mo
- Units
- 4
- Price per unit
- $249,750
- Est. annual NOI
- $55,440
- 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
- $105,336
- Operating expenses
- $52,668
- Net operating income
- $52,668
- Annual debt service
- $59,817
- Annual cash flow
- -$7,149
- Cash on cash return
- -2.9%
- Down payment
- $249,750
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
- 3,250 sqft
- Lot size
- 8,923 sqft
- Year built
- 1922
- Stories
- 2
- Garage spaces
- 0
- Style
- Craftsman
- Heating
- None
- Cooling
- None
- Pool
- None
- View
- None
- Status
- Active
- Days on market
- 9
- MLS #
- 247526661
About this property
Huge Reduction! Bring all offers! 8,920 square foot lot with 4-unit MFR structure to be delivered with plans in progress for 23 or 30 residential unit layouts. Excellent location on a quiet residential street in the high demand Arlington Heights neighborhood of Mid-City Los Angeles. Developer-friendly parking configuration with 12 first level covered spaces and bike storage (no subterranean parking) in the 23 unit plans, or no required parking in the 30 unit plans. 4-Unit multi-family existing property allows for attractive owner occupied financing.
Location
1619 S St Andrews Place
Los Angeles, Los Angeles, CA, 90019