Est. cap rate

3.8%

Assumed rent, all units

$7,500/mo

Units

3

Price per unit

$391,667

Est. annual NOI

$45,000

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

1,800 sqft

Lot size

4,568 sqft

Year built

1940

Stories

1

Garage spaces

3

Pool

None

Status

Active

Days on market

446

MLS #

248839983

About this property

Price Adjustment – Live in One, Rent the Others! Now attractively repositioned in price, this rare opportunity in Atwater Village, Los Angeles offers flexibility and strong upside. Two parcels sold together total six one-bedroom, one-bathroom units, ideal for an owner-user or investor. Live in one unit while renovating and renting the others to generate income and offset your expenses. Each vintage-style apartment features original Craftsman cabinetry, charming breakfast nooks, one parking space, and carport storage. They units are full of character and ready for repositioning. Located near the iconic Greek Theatre and the trails of Griffith Park, plus the vibrant Atwater Village dining and shopping scene. Listing price reflects one parcel only. APN# 5594-024-010 and APN# 5594-024-011 are sold together, six total units. A rare chance to create your own compound while building long-term wealth in one of LA’s most desirable neighborhoods.

Location

4144 Edenhurst Avenue

Los Angeles, Los Angeles, CA, 90039