Deal numbers
- Est. cap rate
- 3.9%
- Assumed rent, all units
- $8,040/mo
- Units
- 3
- Price per unit
- $416,667
- Est. annual NOI
- $48,240
- 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
- $91,656
- Operating expenses
- $45,828
- Net operating income
- $45,828
- Annual debt service
- $74,847
- Annual cash flow
- -$29,019
- Cash on cash return
- -9.3%
- Down payment
- $312,500
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
- 2,404 sqft
- Lot size
- 9,284 sqft
- Year built
- 1952
- Stories
- 1
- Garage spaces
- 3
- Heating
- Wall Furnace
- Cooling
- Wall/Window Unit(s)
- Pool
- None
- Status
- Active
- Days on market
- 4
- MLS #
- 247916190
About this property
Located in the heart of downtown Claremont, 309 N Cambridge Ave is a well-maintained bungalow-style triplex offering three spacious, single-story 2-bedroom/1-bathroom units across a 9,284 SF lot. Built in 1952 and spread across two buildings, the property delivers larger-than-average floor plans averaging 801 SF per unit, combining classic California character with the kind of space and livability that drives strong tenant retention. Each unit features an open living area with carpet and vinyl wood flooring, a fully equipped kitchen with a gas range, refrigerator, warm wood cabinetry and tile flooring, vertical blinds, fresh interior paint, ceiling fans and wall heating. Generous bedroom closets with upper cabinet storage add to each unit’s functionality. Three one-car garages and off-street parking serve the property, with mature landscaping and well-kept front yards — including a charming white picket fence — adding warmth and curb appeal throughout.309 N Cambridge Ave sits minutes from the Claremont Village, The Claremont Colleges and the Metrolink station, placing residents within easy reach of dining, retail and regional transit. Freeway access is direct: five minutes to the 10 Freeway and 10 minutes to the 210 Freeway, connecting tenants to both the San Gabriel Valley and the broader Inland Empire.
Location
309 N Cambridge Avenue
Claremont, Los Angeles, CA, 91711