Est. cap rate

2.1%

Assumed rent, all units

$13,960/mo

Units

4

Price per unit

$1,000,000

Est. annual NOI

$83,760

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

4,886 sqft

Lot size

7,455 sqft

Year built

1972

Stories

2

Garage spaces

8

Heating

Central

Cooling

None

Pool

None

Status

Active

Days on market

1

MLS #

248398233

About this property

Rare corner-lot fourplex at the end of the street, directly across from Polliwog Park in Manhattan Beach. Four two-story, townhouse-style units on a 7,455 sq ft lot: one 3 bed/2 bath and three 2 bed/1.5 bath, approx. 4,886 sq ft (public record), built in 1972. Every unit has its own assigned private two-car garage. Enjoy a fenced grassy yard with mature citrus, a covered patio, balconies, and open park views. The on-site laundry room with pay-per-use washers and dryers adds ongoing income. Electricity and gas are separately metered. A strong opportunity for a developer to earn income while they consider their options for this beautiful corner lot. Tenant occupied. Do not disturb tenants.

Location

1467 12th Street

Manhattan Beach, Los Angeles, CA, 90266