Deal numbers
- Est. cap rate
- 3.9%
- Assumed rent, all units
- $5,790/mo
- Units
- 3
- Price per unit
- $299,967
- Est. annual NOI
- $34,740
- 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
- $66,006
- Operating expenses
- $33,003
- Net operating income
- $33,003
- Annual debt service
- $53,884
- Annual cash flow
- -$20,881
- Cash on cash return
- -9.3%
- Down payment
- $224,975
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
- 1,779 sqft
- Lot size
- 6,981 sqft
- Year built
- 1949
- Stories
- 1
- Garage spaces
- 0
- Heating
- Forced Air
- Cooling
- Ductless
- Pool
- None
- View
- None
- Status
- Active
- Days on market
- 1
- MLS #
- 247931372
About this property
Welcome to this exceptional home! There are three separate living areas on this lot. There are 2 units that have 2 bedrooms and 1 bath each, with great floor plans. On top of the 2 units the property originally came with, a permitted and certified 1 bed 1 bath ADU has been added to the property as well. This ADU is brand new, never lived in, and just completed over the summer. Top materials and craftmanship was used in the construction of this addition. The open outside layout of this multi-family home, allows for multiple parking spots being available inside the gated area, as well as ample street parking options on the outside. Property is currently tenant occupied and will be sold tenant occupied. The ADU is currently available for either a buyer to live in, and continue to rent out the other units or for an investor to come in and have all three units rented out. This is a perfect opportunity to purchase an income property in a well established part of Los Angeles. This property is located within 3 miles of the exciting new SoFi stadium and entertainment complex in Inglewood. Home is surrounded by lots of restaurants, shops, and schools! Don't let this home pass you up! Get it before it's gone!
Location
1538 W 85th
Los Angeles, Los Angeles, CA, 90047