Deal numbers
- Est. cap rate
- 4.4%
- Assumed rent, all units
- $7,280/mo
- Units
- 4
- Price per unit
- $247,250
- Est. annual NOI
- $43,680
- 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
- $82,992
- Operating expenses
- $41,496
- Net operating income
- $41,496
- Annual debt service
- $59,219
- Annual cash flow
- -$17,723
- Cash on cash return
- -7.2%
- Down payment
- $247,250
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
- 1 sqft
- Lot size
- 2,950 sqft
- Year built
- 1912
- Stories
- 2
- Garage spaces
- 0
- Heating
- None
- Cooling
- None
- Pool
- None
- View
- None
- Status
- Active
- Days on market
- 0
- MLS #
- 249021383
About this property
BACK ON THE MARKET! This four-unit property features four one-bedroom, one-bath apartments, each with a kitchen, cabinetry, countertops, and a water heater. All units offer spacious bedrooms and are tenant-occupied, with 100% rent collection. Conveniently located two blocks from Adams Boulevard and approximately one mile from the USC campus. Potential for future rental income growth, subject to applicable rent-control regulations and allowable increases.
Location
2221 Ellendale
Los Angeles, Los Angeles, CA, 90007