Property listed by Miller & Desatnik Realty Co., David Miller 310-202-9166
$3,850,000
12-unit West Hollywood multifamily opportunity featuring 2.69% interest-only assumable financing through December 2030. The property offers strong in-place income with an approx. cash on cash return above 6.71%, a 12.78 GRM and 4.77% cap rate, equating to approximately $320,833 per unit and $401 per square foot. Built in 1959, this… Read More low-density mid-century asset provides classic Los Angeles character and clear cosmetic value-add potential. Located within walking distance to Sunset Blvd, Melrose Ave, and Santa Monica Blvd, the property consistently attracts quality tenants in a highly desirable rental submarket. Assumable financing enhances returns and reduces acquisition debt risk. Read Less
Listing Snapshot
Days Online
0
Last Updated
Beds
14
Square Ft.
9,581
Lot Size
0.17 Acres
Year Built
1959
MLS Number
26653665
Additional Details
Appliances & Equipment
Refrigerator
Building
Built in 1959, Living area: 9581.0, 1 building, 2 stories, Levels: Two
Heating
WallFurnace
Income
Gross Income: $301,140, Net Operating Income: $183,559
Lot
0.1749 acres, Dimensions: 50x150
Parking
Gated
Taxes
Parcel Number: 5555004071, Zoning: WDR4*
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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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