Deal numbers
- Est. cap rate
- 3.1%
- Assumed rent, all units
- $7,200/mo
- Units
- 4
- Price per unit
- $350,000
- 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.
- Effective gross income
- $82,080
- Operating expenses
- $41,040
- Net operating income
- $41,040
- Annual debt service
- $83,828
- Annual cash flow
- -$42,788
- Cash on cash return
- -12.2%
- Down payment
- $350,000
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
- 3,736 sqft
- Lot size
- 6,282 sqft
- Year built
- 1916
- Stories
- 2
- Garage spaces
- 0
- Pool
- None
- Status
- Active
- Days on market
- 4
- MLS #
- 247667508
About this property
Excellent opportunity to own a four-unit residential income property in a convenient Los Angeles location. Situated on a spacious 6,280 sq. ft. lot with approximately 3,736 sq. ft. of living space, the property offers ample parking and numerous recent upgrades throughout. All electrical panel boards, including interior and exterior panels, are brand new, along with new electrical outlets throughout all units. Each unit features brand-new flooring and interior paint, while the bathrooms have been updated with new sinks, toilets, and mirrors. The stairway has been upgraded with new flooring, and all units feature brand-new A/C systems. Separate washer and dryer units are provided for each unit, with the exception of Unit 205. Conveniently located near the 10 and 110 Freeways, the property offers easy access to USC, Exposition Park, Downtown Los Angeles, the Fashion District, LA LIVE, restaurants, shopping, and entertainment. With its four-unit configuration, substantial lot size, ample parking, extensive upgrades, and desirable central location, this property offers an excellent opportunity for investors seeking a well-positioned Los Angeles income property.
Location
201 E 31st
Los Angeles, Los Angeles, CA, 90011