Est. cap rate

1.2%

Assumed rent, all units

$5,940/mo

Units

3

Price per unit

$966,667

Est. annual NOI

$35,640

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

7,605 sqft

Lot size

6,652 sqft

Year built

2021

Stories

3

Garage spaces

2

Style

Modern,Contemporary

Heating

Central

Cooling

Central Air

Pool

None

View

None

Status

ComingSoon

Days on market

0

MLS #

249385495

About this property

Rare 2021-built triplex in West Adams, minutes from USC, delivered vacant. Set your own rents from day one. The property includes a three-story front residence with 9 bedrooms and a rear duplex with bedroom-rich three-story units, ideal for strong rental demand near campus. Modern construction throughout: central air and heat, open kitchens with quartz counters and stainless appliances, gas ranges, tankless water heaters, and luxury vinyl plank flooring. Separately metered for gas and electric. Attached 2-car garage with its own mini-split for climate control, plus a private walkway to the rear units. Fresh paint and flooring underway. A turnkey income property with low near-term capital needs, or an owner-user opportunity to live in one unit and rent the others. Close to USC, Expo Park, Metro, and Downtown LA.

Location

1840 W 24th

Los Angeles, Los Angeles, CA, 90018