Est. cap rate

3.9%

Assumed rent, all units

$6,420/mo

Units

3

Price per unit

$333,333

Est. annual NOI

$38,520

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

2,069 sqft

Lot size

4,616 sqft

Year built

1923

Stories

2

Garage spaces

2

Pool

None

Status

Active

Days on market

3

MLS #

247931371

About this property

Excellent opportunity for new or experienced investors, owner-users, or a large/multi-generational family! This versatile three-unit property features a detached 2-bedroom, 1-bath home in front plus a two-story duplex in the rear with two single-car garages. The rear building features an upstairs 2-bedroom, 1-bath unit, while the downstairs unit is a studio/single currently being utilized as a 1-bedroom. The property also offers potential for a garage conversion/studio, providing additional possibilities for the future, subject to buyer verification and applicable city requirements. Recent improvements include newer windows, central air and heat in two units, and wall-mounted air conditioning in the downstairs rear unit. Updated electric panel &bsubpanel; replaced sewer main line, garage conversión has laminaste flooring and a bathroom with shower enclosure. With parking for up to six vehicles, including the garages, this property offers flexibility that can be difficult to find in a multi-unit property. Whether you're looking to live in one unit and rent the others, expand your investment portfolio, or accommodate an extended family, this triplex offers multiple possibilities and excellent potential. A unique opportunity with three existing living units, generous parking, and additional upside potential!

Location

124 N Cedar

Inglewood, Los Angeles, CA, 90301