Deal numbers
- Est. cap rate
- 4.2%
- Assumed rent, all units
- $7,720/mo
- Units
- 4
- Price per unit
- $275,000
- Est. annual NOI
- $46,320
- 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
- $88,008
- Operating expenses
- $44,004
- Net operating income
- $44,004
- Annual debt service
- $65,865
- Annual cash flow
- -$21,861
- Cash on cash return
- -7.9%
- Down payment
- $275,000
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
- 2,560 sqft
- Lot size
- 5,700 sqft
- Year built
- 1944
- Stories
- 1
- Garage spaces
- 0
- Pool
- None
- Status
- Active
- Days on market
- 1
- MLS #
- 248707337
About this property
9227–9233 S. Western Ave presents an exceptional opportunity to acquire a well-performing, fully occupied 4-unit multifamily property in Los Angeles, offered at $1,100,000. The property is currently generating an impressive 9.85% cap rate and 7.88 GRM, with annual scheduled rental income of approximately $139,535. All four units are occupied by Section 8 tenants, providing consistent rental income supported by government housing assistance payments. Built in 1944, the property consists of approximately 2,560 square feet of improvements situated on a 5,703-square-foot lot, equating to just $430 per square foot and $275,000 per unit. The property features four spacious two-bedroom, one-bathroom units, averaging approximately 640 square feet each. With 100% occupancy and an average monthly rent of approximately $2,907 per unit, the property offers investors immediate cash flow and an attractive income-producing asset. Ideally located in South Los Angeles, the property provides convenient access to major employment centers, shopping, dining, public transportation, and nearby freeways. Combining strong in-place cash flow, Section 8 rental income, full occupancy, and an attractive price per unit, 9227–9233 S. Western Ave offers investors a compelling opportunity to acquire a stabilized multifamily investment in the Los Angeles rental market.
Location
9227 S Western Avenue
Los Angeles, Los Angeles, CA, 90047