Est. cap rate

4.1%

Assumed rent, all units

$6,660/mo

Units

3

Price per unit

$325,000

Est. annual NOI

$39,960

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

2,744 sqft

Lot size

4,436 sqft

Year built

1938

Stories

2

Garage spaces

0

Heating

None

Cooling

None

Pool

None

Status

ComingSoon

Days on market

0

MLS #

248955800

About this property

Located in the heart of Glassell Park, this triplex offers an opportunity for investors and families looking to own property in Northeast Los Angeles. Family owned since 1964, the property features three 2-bedroom, 1-bathroom units . The front unit is a single-family residence with its own entrance, while the second and third units are located in a separate building behind it, facing the main street. Investors can look at establishing NEW rental income across three separate units, while families may appreciate the opportunity to live in one unit and explore the possibilities of the additional spaces. The plumbing has been completely replaced, and although the property needs some TLC, it offers room for improvements and the chance to make it your own. Location is a major highlight. Situated just off Eagle Rock Boulevard, the property is across the street from Glassell Park Elementary School and less than a block from Super A Foods. Sotomayor Arts and Sciences Magnet, local cafes, bars, parks, and other neighborhood conveniences are nearby. The area also offers access to Mount Washington, Eagle Rock, Cypress Park, and Highland Park, along with Occidental College, the LA River bike trails, and Rio de Los Angeles State Park, where residents can enjoy bike paths, sports fields, and playgrounds. With Downtown Los Angeles less than a 20-minute drive away and Dodger Stadium approximately 20 minutes away, the property offers a convenient location for those who want to stay connected to the city while enjoying a more relaxed neighborhood setting. Whether you’re an investor looking to expand your portfolio or a family searching for a property with room to grow, this Glassell Park triplex offers an opportunity to create something of your own in an established and evolving Los Angeles community.

Location

2206 W Avenue 30

Los Angeles, Los Angeles, CA, 90065