Property listed by Keller Williams Beverly Hills, Eliza Kerndian 310-432-6400
$4,699,995
Brand new construction 6-unit luxury complex in the heart of Hollywood. This stunning investment features a rare unit mix including (2) 3BR/3.5BA, (1) 4BR/4BA, (1) 4BR/3.5BA, (1) 3BR/3BA, and (1) 2BR/2BA all designed with modern finishes, open floor plans, in-unit laundry, central AC, European cabinetry, stainless steel appliances, and… Read More large windows flooding the units with natural light. Each unit is separately metered for gas, water, electric, and trash. Tenants pay all utilities ensuring low maintenance and high cash flow.Pro forma gross monthly income is $28,180 ($338,180 annually) with projected expenses at 30%, yielding an NOI of approx. $236,718 annually. Estimated CAP rate of 5% and GRM of 13.9 at asking price. Located on a prime street just minutes from Sunset Blvd, this is a rare opportunity to acquire a pride-of-ownership, high-income producing asset in one of LA's most desirable rental markets. Read Less
Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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