Est. cap rate

3.3%

Assumed rent, all units

$7,500/mo

Units

3

Price per unit

$460,000

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

1,540 sqft

Lot size

5,398 sqft

Year built

1940

Stories

1

Garage spaces

1

Heating

Ductless

Cooling

Electric,Ductless

Pool

None

View

None

Status

Active

Days on market

0

MLS #

248898620

About this property

Immaculately updated Triplex in the heart of Atwater. Live in one unit while the other two units help offset monthly ownership costs. The triplex spans two structures and delivers one vacant unit. A compelling opportunity for an owneruser or investor to hold on to long-term with strong upside. All three units have been immaculately updated with in-unit laundry areas and brand new washer/dryer combos. The separate rear bungalow features 2 bedrooms, 1 bathroom and hard wood floors throughout. All three units are fully equipped with brand new built-in stainless-steel appliances including refrigerators. The kitchen boasts beautiful white cabinetry and updated light fixtures and hardware throughout. All units include individual HVAC systems and ceiling fans in all rooms. The property includes a one car garage ideal for tenant use, storage, or conversion into additional income-producing space with existing electric and water hookup in place. Enjoy being minutes away from Dodger Stadium, Silver Lake nightlife and major freeways. Convenient access to Glendale Blvd dining and retail, the LA River path, Los Feliz, and DTLA. Commuters will appreciate easy access to Hollywood and Burbank. Ideally situated near the shops, cafes, restaurants, and weekly farmers market along Glendale Blvd. Combining location, versatility, and investment potential, this is a great opportunity to own income-producing real estate in a thriving community, Atwater Village.

Location

3136 Casitas

Los Angeles, Los Angeles, CA, 90039