Est. cap rate

4.2%

Assumed rent, all units

$6,150/mo

Units

3

Price per unit

$293,000

Est. annual NOI

$36,900

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

2,700 sqft

Lot size

4,720 sqft

Year built

1959

Stories

2

Garage spaces

2

Pool

None

Status

Active

Days on market

5

MLS #

248650238

About this property

Excellent Investment Opportunity – Triplex with ADU potential! Welcome to this versatile triplex with ADU potential, ideally situated in a highly desirable rental area. This property presents an excellent opportunity for investors seeking to expand their portfolio or owner-occupants looking for rental income to offset costs. The front of the property features a very spacious, updated barbershop with modern finishes and a big screen TV, creating an inviting and contemporary space. Toward the rear of the building are two one-bedroom units, both spacious and featuring select upgrades. Adding more value is a large two-car garage with high ceilings, presenting exciting potential for a future ADU. In addition to the garage, the property offers four parking spaces, adding convenience and always a valuable commodity. With new construction homes just one block away, this property presents an investment opportunity in a neighborhood with ongoing development. Conveniently located, it is minutes from Bixby Knolls, Trader Joe’s, shopping, parks, and easy freeway access. With existing rental income, ample parking, and the potential to further maximize the property’s value, this triplex offers flexibility and future upside, making it a great opportunity for both investors and owner-occupants seeking long-term growth.

Location

5949 Atlantic Avenue

Long Beach, Los Angeles, CA, 90805