Deal numbers
- Est. cap rate
- 2.4%
- Assumed rent, all units
- $5,460/mo
- Units
- 3
- Price per unit
- $450,000
- Est. annual NOI
- $32,760
- 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
- $62,244
- Operating expenses
- $31,122
- Net operating income
- $31,122
- Annual debt service
- $80,834
- Annual cash flow
- -$49,712
- Cash on cash return
- -14.7%
- Down payment
- $337,500
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
- Triplex
- Bedrooms
- 3
- Building size
- 5,917 sqft
- Lot size
- 7,003 sqft
- Year built
- 2020
- Stories
- 2
- Garage spaces
- 0
- Heating
- Central
- Pool
- None
- Status
- Active
- Days on market
- 0
- MLS #
- 249059872
About this property
As part of a 6-building Co-Living Apartment portfolio, we are pleased to present a 2020-construction 3-unit residential investment property located in the desirable USC/Exposition Park area at 1329–1331½ W. 37th Place, Los Angeles, CA 90007. This property contains 3 units one unit with 4-bedrooms and 5-bathrooms and another 2 units with 3-bedroom and 5 bathrooms. Currently this property is 100% occupied and is generating over $15,000 per month. Strategically situated within walking distance of the University of Southern California (USC), USC Village, public transportation, shopping, dining, and major employment centers, the property is well-positioned to benefit from continued demand for student-oriented and flexible residential housing. Its proximity to USC and bedroom-based rental configuration offer investors an opportunity to capitalize on the established university-area rental market. This property is part of a 6-building Co-Living Apartment Portfolio collectively offered at $9,900,000. All property information, rental figures, square footage, and financial projections are approximate and subject to buyer verification.
Location
1329 W 37th
Los Angeles, Los Angeles, CA, 90007