Deal numbers
- Est. cap rate
- 4.5%
- Assumed rent, all units
- $6,030/mo
- Units
- 3
- Price per unit
- $266,333
- Est. annual NOI
- $36,180
- 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
- $68,742
- Operating expenses
- $34,371
- Net operating income
- $34,371
- Annual debt service
- $47,842
- Annual cash flow
- -$13,471
- Cash on cash return
- -6.7%
- Down payment
- $199,750
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
- Triplex
- Bedrooms
- 3
- Building size
- 3,480 sqft
- Lot size
- 3,312 sqft
- Year built
- 1920
- Stories
- 1
- Garage spaces
- 0
- Pool
- None
- Status
- Active
- Days on market
- 2
- MLS #
- 248639096
About this property
Excellent investment opportunity featuring three updated units consisting of two 1-bedroom, 1-bath units and one studio. The property has been thoughtfully improved with updated interiors and significant infrastructure upgrades, including a new electrical panel, new gas line, and on-demand hot water. A great opportunity for an investor looking to add an income-producing multifamily property to their portfolio, or an ideal setup for multigenerational living with three separate living spaces. Several major improvements have already been completed, making this a versatile property with multiple possibilities.
Location
1067 N Norman Court
Long Beach, Los Angeles, CA, 90813