Est. cap rate

2.7%

Assumed rent, all units

$5,160/mo

Units

3

Price per unit

$383,333

Est. annual NOI

$30,960

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

2,960 sqft

Lot size

7,752 sqft

Year built

1906

Stories

2

Garage spaces

0

Pool

None

Status

Active

Days on market

1

MLS #

248381216

About this property

Location, Location, Location. Located in prime area of Lincoln Heights, one block to Broadway, with public transportation and shopping centers. Great income property that the rent can pay for the mortgage and live for free. First unit has 2 bedrooms and 1 bath. Second unit has 2 bedrooms and 1 bath. Both units are appx 900 SF. The main unit has 4 bedrooms and 2 full baths and 2 large lofts appx 700 SF (not included in the living size) that can be use as 2 additional bedrooms. Gated parking area that can park up to 9 cars inside, pretty of parking spaces. The main unit will move out after close of escrow. The property is convenient to schools, parks, shopping centers, easy access to freeway. Minutes to Downtown (convenient public transportation to Downtown). Must see to appreciate. Won't Last.

Location

2428 Hancock

Los Angeles, Los Angeles, CA, 90031