Deal numbers
- Est. cap rate
- 4.9%
- Assumed rent, all units
- $6,930/mo
- Units
- 3
- Price per unit
- $283,333
- Est. annual NOI
- $41,580
- 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
- $79,002
- Operating expenses
- $39,501
- Net operating income
- $39,501
- Annual debt service
- $50,896
- Annual cash flow
- -$11,395
- Cash on cash return
- -5.4%
- Down payment
- $212,500
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
- 2,204 sqft
- Lot size
- 6,495 sqft
- Year built
- 1923
- Stories
- 1
- Garage spaces
- 0
- Pool
- None
- Status
- Active
- Days on market
- 1
- MLS #
- 247915245
About this property
This is a rare opportunity to own two adjacent properties in the desirable and historic Angelino Heights neighborhood of Echo Park. This approximately 6,495 square feet parcel features three detached bungalows, each offering 2 bedrooms and 1 bathroom, with approximately 720 square feet of living space per unit. In addition, the adjacent property at 723 E Kensington (Residential Listing #WS26188470), featuring a historic home, will be sold together with this property. Both parcels are located within a City Historic Preservation Overlay Zone (LARD2-1VL-HPOZ), offering a unique opportunity to own and potentially reimagine multiple properties in one of Los Angeles's most distinctive historic neighborhoods. Whether you are an investor or developer looking for your next project, or a homeowner ready to bring your vision to life, this is a unique opportunity to create something special in a highly desirable location. Angelino Heights is celebrated for its historic character, architectural charm, and proximity to the vibrant restaurants, shops, entertainment, and amenities of Echo Park and surrounding Los Angeles neighborhoods.
Location
717 E Kensington
Los Angeles, Los Angeles, CA, 90026