Est. cap rate

4.2%

Assumed rent, all units

$6,810/mo

Units

3

Price per unit

$326,667

Est. annual NOI

$40,860

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

Triplex

Bedrooms

3

Building size

2,876 sqft

Lot size

6,501 sqft

Year built

1954

Stories

2

Garage spaces

3

Heating

Forced Air

Cooling

None

Pool

None

Status

Active

Days on market

3

MLS #

247684129

About this property

Prime Central Location with Excellent Investment Potential! This centrally located triplex offers a unique opportunity for investors, owner-users, or those looking to maximize a property’s potential. The property features three separate units: a spacious 3-bedroom, 1-bath, a 2-bedroom, 1-bath, and a 1-bedroom, 1-bath unit, providing a versatile mix of rental options. Adding to the appeal is a detached 3-car garage with a former laundry room, offering valuable storage, workspace, or potential for future use. The property also appears to have the potential for an additional detached dwelling, subject to city approval, zoning, and applicable building requirements. With multiple units, ample parking, a detached garage, and potential for future expansion, this property offers lots of possibilities and upside in a convenient central location. A great opportunity to explore the property's current income potential while considering future improvements or development.

Location

7244 Tujunga Avenue

North Hollywood, Los Angeles, CA, 91606