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Triplex at 603 Indiana
$1,850,000
603 Indiana
Venice, Los Angeles, 90291
Triplex · 3 units
Active · 0 days on market

Deal numbers

Est. cap rate
3.4%
Assumed rent, all units
$10,470/mo
Units
3
Price per unit
$616,667
Est. annual NOI
$62,820
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.

5.0%
50%
25%
7.00%
Effective gross income
$119,358
Operating expenses
$59,679
Net operating income
$59,679
Annual debt service
$110,773
Annual cash flow
-$51,094
Cash on cash return
-11.0%
Down payment
$462,500

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
4
Bathrooms
3
Building size
2,016 sqft
Lot size
3,150 sqft
Year built
1953
Stories
2
Garage spaces
4
Cooling
Central Air
Pool
None
View
None
Status
Active
Days on market
0
MLS #
249262778

Location

603 Indiana

Venice, Los Angeles, CA, 90291

Ask Alex about this property

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Alex Duarte, DRE# 01970077, First Team Real Estate

603 Indiana, Venice CA | Multifamily for Sale