Est. cap rate

4.1%

Assumed rent, all units

$7,200/mo

Units

4

Price per unit

$262,500

Est. annual NOI

$43,200

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

3,972 sqft

Lot size

6,076 sqft

Year built

1914

Stories

2

Garage spaces

0

Cooling

Wall/Window Unit(s)

Pool

None

Status

Active

Days on market

11

MLS #

247609697

About this property

Charming Craftsman-style 4-unit property offering an excellent investment and owner-user opportunity in a highly desirable rental area. The property features four bright and spacious 2-bedroom, 1-bath units, each with washer and dryer hookups. Three units are currently tenant occupied, while one unit is completely vacant, providing an opportunity for an owner to move in or for an investor to establish new tenancy. Ideally situated near the University of Southern California (USC) and Downtown Los Angeles, with convenient access to the 110 Freeway and major streets including Slauson and Western Avenues. The property is also close to public transportation, schools, hospitals, shopping, and everyday amenities. A great opportunity to own a well-located multifamily property with both rental income and owner-user potential. Please do not disturb the tenants. Property to be sold as-is.

Location

146 W Vernon

Los Angeles, Los Angeles, CA, 90037