Deal numbers
- Est. cap rate
- 3.3%
- Assumed rent, all units
- $5,420/mo
- Units
- 2
- Price per unit
- $497,500
- Est. annual NOI
- $32,520
- 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
- $61,788
- Operating expenses
- $30,894
- Net operating income
- $30,894
- Annual debt service
- $59,578
- Annual cash flow
- -$28,684
- Cash on cash return
- -11.5%
- Down payment
- $248,750
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
- Duplex
- Bedrooms
- 4
- Building size
- 2,744 sqft
- Lot size
- 8,592 sqft
- Year built
- 1923
- Stories
- 2
- Garage spaces
- 4
- Heating
- Floor Furnace
- Pool
- None
- Status
- Active
- Days on market
- 6
- MLS #
- 248577528
About this property
LOCATION, POTENTIAL and OPPORTUNITY! Four plex is in a desirable and high demand rental area seeing development and growth! This Property is conveniently located close to Downtown LA and Koreatown! The property 8592 square feet lot. There are two single units and 2 bedrooms and 1 bath on the first floor. The second floor has one 2-bed, 1-bath unit. The 2-bed units are equipped with a washer and dryer. The back yard has four garages and five parking spaces Each unit has separate gas and electric meters. Sold as is.
Location
414 S Coronado
Los Angeles, Los Angeles, CA, 90057