Deal numbers
- Est. cap rate
- 4.5%
- Assumed rent, all units
- $7,320/mo
- Units
- 4
- Price per unit
- $242,475
- Est. annual NOI
- $43,920
- 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
- $83,448
- Operating expenses
- $41,724
- Net operating income
- $41,724
- Annual debt service
- $58,075
- Annual cash flow
- -$16,351
- Cash on cash return
- -6.7%
- Down payment
- $242,475
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
- 2,847 sqft
- Lot size
- 6,140 sqft
- Year built
- 1938
- Stories
- 1
- Garage spaces
- 4
- Heating
- Forced Air
- Pool
- None
- View
- None
- Status
- Active
- Days on market
- 18
- MLS #
- 247859597
About this property
PRIME 4-UNIT INVESTMENT IN SOUTH LA! Excellent multi-family setup featuring 2 separate detached buildings totaling ~2,944 sq. ft. on a 6,138 sq. ft. lot. The front building has (2) 2Bed/1Bath units, with one unit recently renovated. The rear building consists of (2) 1Bed/1Bath units. High-demand location close to transit, freeways, DTLA, and SoFi Stadium. There are (2) 2-car garages attached to the rear building. Ideal for investors.
Location
1120 W 85th
Los Angeles, Los Angeles, CA, 90044