Deal numbers
- Est. cap rate
- 4.0%
- Assumed rent, all units
- $6,030/mo
- Units
- 3
- Price per unit
- $299,667
- Est. annual NOI
- $36,180
- 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
- $68,742
- Operating expenses
- $34,371
- Net operating income
- $34,371
- Annual debt service
- $53,830
- Annual cash flow
- -$19,459
- Cash on cash return
- -8.7%
- Down payment
- $224,750
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
- 2,649 sqft
- Lot size
- 7,560 sqft
- Year built
- 1914
- Stories
- 1
- Garage spaces
- 3
- Heating
- Wall Furnace
- Cooling
- None
- Pool
- None
- View
- None
- Status
- Active
- Days on market
- 85
- MLS #
- 247613177
About this property
Our office is proud to present this beautiful Triplex located in Long Beach's historical Wilmore District! This property features 3 separate homes on an expansive lot resembling a compound. The 3 bed/ 2ba Front house is VACANT! There are two 2 bed/1ba homes to the rear of the property. One unit is vacant and the other is occupied (Please do not disturb the Tenants). Only a few blocks away from Downtown Long Beach. Great opportunity for a first time Buyer!
Location
828 Maine
Long Beach, Los Angeles, CA, 90813