Est. cap rate

3.5%

Assumed rent, all units

$12,240/mo

Units

4

Price per unit

$518,750

Est. annual NOI

$73,440

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

Quadruplex

Bedrooms

4

Building size

4,063 sqft

Lot size

7,215 sqft

Year built

1964

Stories

2

Garage spaces

6

Pool

None

Status

Active

Days on market

1

MLS #

247976487

About this property

2872 La Salle Avenue is a 4-unit multifamily investment opportunity in Costa Mesa offering a diverse unit mix and clear value-add upside in one of Orange County’s strongest rental markets. Built in 1964, the property features a townhome-style 3BR/2.5BA, a 2BR/1.5BA townhome, a 1BR/1BA, and a studio — a mix that appeals to families and professionals alike. Abundant on-site parking includes (6) garages and room for (7) additional vehicles. The trash service is currently handled by a third-party company, but could be transitioned to the city's Sanitary District, which would streamline expenses for the next owner.

Location

2872 La Salle Avenue

Costa Mesa, Orange, CA, 92626