Property listed by Marcus & Millichap, Roderick 'Rick' Raymundo 818-212-2700
$1,720,000
Available for an attractive 5.82% CAP Rate and 11.55 GRM, a new investor can benefit both from the property's strong immediate cash flow and from its substantial rent upside. With apartments in the building already achieving rents of $2,626 per month, eventually bringing the remaining units to that rent level… Read More represents a nearly 39% potential increase in revenue. According to recent reports from Niche.com, West Hollywood ranked #1 out of 111 neighborhoods in Los Angeles County among the Best Suburbs for Young Professionals, and ranked #2 in the entire state of California. With 80% of the West Hollywood population residing in rental housing, these semi-private one-bedroom bungalows are extremely attractive to this demographic, helping to boost both demand and rental rates. The property has earned a Walk Score of 93, which qualifies the immediate neighborhood as a "Walker's Paradise." Residents enjoy convenient access to the nearby Whole Foods Market, Trader Joe's, and Plummer Park. Within a short driving distance are The Grove, Beverly Hills, the Sunset Strip, Runyan Canyon, and numerous other destinations in both the Hollywood and West Hollywood areas. Read Less
Listing Snapshot
Days Online
22
Last Updated
Beds
6
3/4 Baths
6
Square Ft.
2,665
Lot Size
0.14 Acres
Year Built
1924
MLS Number
26986447
Additional Details
Taxes
Zoning: WDR2*, Parcel Number: 5530010011
Building
Built in 1924, Living area: 2665.0, 1 building, 1 storey, Levels: One
Income
Gross Income: $148,884, Net Operating Income: $100,153
Lot
0.1405 acres, Dimensions: 50x130
Parking
5 total parking spaces, Assigned
Find The Perfect Home
'VIP' Listing Search
Whenever a listing hits the market that matches your criteria you will be immediately notified.
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.
Confirm your time
Fill in your details and we will contact you to confirm a time.
