Deal numbers
- Est. cap rate
- 2.8%
- Assumed rent, all units
- $6,930/mo
- Units
- 3
- Price per unit
- $500,000
- Est. annual NOI
- $41,580
- 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
- $79,002
- Operating expenses
- $39,501
- Net operating income
- $39,501
- Annual debt service
- $89,816
- Annual cash flow
- -$50,315
- Cash on cash return
- -13.4%
- Down payment
- $375,000
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
- 2,560 sqft
- Lot size
- 7,783 sqft
- Year built
- 1940
- Stories
- 12
- Garage spaces
- 4
- Heating
- Natural Gas,Wall Furnace,Floor Furnace
- Status
- Active
- Days on market
- 0
- MLS #
- 249310501
About this property
ATTENTION INVESTORS AND SAVVY BUYERS!! A rare, high-potential triplex opportunity awaits on a generous 7,783 sq. ft. lot. Built in 1940, this charming multi-family property features three separate detached residences, offering exceptional rental potential or multi-generational living. Two Updated 1-Bedroom Homes: Both single-story residences were refreshed a few years ago with durable vinyl flooring, modern kitchen appliances, window coverings, in-unit washers and dryers, storage sheds and satellite dishes. Spacious and updated 2-Bedroom Upper Unit: Positioned above the massive 4-car garage, this light-filled home boasts a large living room, a dining room with charming built-ins and balcony access, an oversized eat-in kitchen, and a pass-through laundry room leading to a second private balcony. Classic touches include original-style wainscoting in one bedroom. Unit has satellite dish. ADU Expansion Potential: The seller has already drafted plans to convert part of the 4-car garage into an additional unit--plans are available for the next owner to unlock even more value!Unbeatable Central Location: Minutes from Culver City, Koreatown, Miracle Mile, Downtown LA, top museums, shopping, and public transit. Plus, ample street parking makes hosting guests a breeze.All photos have been enhanced
Location
1707 S Redondo Boulevard
Los Angeles, Los Angeles, CA, 90019