Deal numbers
- Est. cap rate
- 3.1%
- Assumed rent, all units
- $7,770/mo
- Units
- 3
- Price per unit
- $498,333
- Est. annual NOI
- $46,620
- 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
- $88,578
- Operating expenses
- $44,289
- Net operating income
- $44,289
- Annual debt service
- $89,516
- Annual cash flow
- -$45,227
- Cash on cash return
- -12.1%
- Down payment
- $373,750
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
- Triplex
- Bedrooms
- 3
- Building size
- 2,906 sqft
- Lot size
- 5,587 sqft
- Year built
- 1964
- Stories
- 2
- Garage spaces
- 0
- Style
- Traditional
- Heating
- Wall Furnace
- Cooling
- Wall/Window Unit(s)
- Pool
- None
- View
- Neighborhood
- Status
- Active
- Days on market
- 24
- MLS #
- 247568188
About this property
Excellent investment opportunity featuring a well-maintained triplex with three spacious 2-bedroom, 1-bathroom units. Extensively remodeled approximately seven years ago, the property offers an attractive combination of updated living spaces, income potential, and flexibility for both investors and owner-users. Two of the three units will be delivered vacant at closing, providing a rare opportunity for a new owner to immediately lease the units at current market rents or occupy one while generating income from the others. The third unit will remain tenant occupied, providing existing rental income from day one. Additional highlights include five carport parking spaces, a functional property layout designed for convenient multi-unit living, and the added benefit of being served by the highly regarded La Cañada Unified School District. With two units being delivered vacant at closing, recent improvements, and strong income-producing potential, this triplex presents an excellent opportunity to add a versatile multifamily asset to your portfolio.
Location
2345 Caldero
Montrose, Los Angeles, CA, 91020