Deal numbers
- Est. cap rate
- 4.1%
- Assumed rent, all units
- $7,920/mo
- Units
- 4
- Price per unit
- $287,500
- Est. annual NOI
- $47,520
- 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
- $90,288
- Operating expenses
- $45,144
- Net operating income
- $45,144
- Annual debt service
- $68,859
- Annual cash flow
- -$23,715
- Cash on cash return
- -8.2%
- Down payment
- $287,500
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
- 4,206 sqft
- Lot size
- 7,002 sqft
- Year built
- 1947
- Stories
- 2
- Garage spaces
- 4
- Pool
- None
- Status
- Active
- Days on market
- 51
- MLS #
- 248839894
About this property
Don't miss this opportunity to own a large 4-unit, 2 bedrooms each, apartment building in the West Adams District. This property has four large 2-bedroom, 1-bathroom units, three of the units even have formal dining rooms. This 4-unit property delivers immediate income with significant value-add opportunities. In one of the most accessible and central areas of Los Angeles, minutes from USC, the Olympic Coliseum, Exposition Park, West LA and Downtown LA. This is a fantastic income-producing asset in a thriving neighborhood rich in culture, history, and rapid development. Whether you're a seasoned investor looking for stable returns with upside potential or a newcomer ready to enter the multifamily market, this fourplex checks the boxes.
Location
2633 7th Avenue Avenue
Los Angeles, Los Angeles, CA, 90018