Est. cap rate

3.3%

Assumed rent, all units

$5,520/mo

Units

3

Price per unit

$332,667

Est. annual NOI

$33,120

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

1,890 sqft

Lot size

4,871 sqft

Year built

1923

Stories

1

Garage spaces

0

Cooling

None

Pool

None

Status

Active

Days on market

8

MLS #

248178594

About this property

This 3-unit versatile property featuring a newly built front residence complemented by 2 detached units in rear offering opportunities for value-add customization and improvement. With a combination of modern living spaces, functional amenities, and an additional attached storage area and unfinished basement that may be suitable for future repurposing, this property presents an appealing opportunity for owner-users, extended households, or investors seeking a multifaceted residential asset. The impressive newly-built front home offers just under 1,200 sq. ft. with contemporary finishes, a functional floor plan, and an inviting atmosphere. Upon entry, a generously sized additional area provides flexibility for a variety of lifestyle needs, whether used as a welcoming foyer, a sitting area, a home office, or another practical space. Features also include a spacious primary suite designed for comfort and privacy, with its own full bathroom, a walk-in closet, and a lighted ceiling fan, creating a comfortable retreat. The other bedroom offers ample space, while the 2nd bathroom is conveniently situated between the bedrooms enhances everyday functionality. At the heart of the home is a completely new kitchen, featuring attractive cabinetry, new countertops, and new appliances. The kitchen offers a fresh, modern setting for meal preparation and social gathering, with an adjacent utility room providing washer and dryer hookups for added convenience. New flooring throughout the residence contributes to a cohesive, refreshed appearance and complements the home's interior contemporary feel. An attached room and basement provide additional space that may be used for storage or be repurposed. The cozy units in rear offer value-add potential for extended family and/or rental income. The interiors offer a canvas for creative improvements and functionality. One unit has approximately 390 sq. ft., with a modest-size bedroom, bathroom and a humble kitchen , while the other unit offers approximately 300 sq. ft., 2 small bedrooms, a remodeled bathroom and a kitchenette area.

Location

2714 Walnut Street

Huntington Park, Los Angeles, CA, 90255