Deal numbers
- Est. cap rate
- 2.1%
- Assumed rent, all units
- $9,240/mo
- Units
- 4
- Price per unit
- $650,000
- Est. annual NOI
- $55,440
- 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.
- Effective gross income
- $105,336
- Operating expenses
- $52,668
- Net operating income
- $52,668
- Annual debt service
- $155,681
- Annual cash flow
- -$103,013
- Cash on cash return
- -15.8%
- Down payment
- $650,000
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
- 5,088 sqft
- Lot size
- 8,102 sqft
- Year built
- 1915
- Stories
- 2
- Garage spaces
- 0
- Pool
- None
- Status
- Active
- Days on market
- 3
- MLS #
- 248637535
About this property
Prime Investment Opportunity in Los Angeles! Discover the potential of 1244 5th Ave, a four-unit residential income property offering an exciting opportunity for investors! Situated on an approximately 8,102-square-foot lot with 5,088 square feet of building space, this two-story multifamily property offers an attractive addition to any real estate portfolio. Conveniently located near shopping, dining, major thoroughfares, and everyday amenities, the property combines location, versatility, and long-term investment potential. Whether you’re expanding your portfolio or entering the multifamily market, this is an opportunity you won’t want to miss!
Location
1244 5th Ave
Los Angeles, Los Angeles, CA, 90019