20-unit multifamily investment located in prime West Hollywood. The property features 2.69% interest-only assumable financing through December 2030, offering strong leveraged cash flow. The property offers strong in-place income with an approx. cash on cash return above 7.17%, a 12.50 GRM and 4.54% cap rate, equating to approximately $267,500 per… Read More unit and $350 per square foot. Built in 1957, the 15,288 SF building sits on a 13,399 SF WDR3A-zoned lot and consists entirely of one-bedroom, one-bath units a consistently strong-performing unit type in this supply-constrained submarket. The mid-century courtyard layout provides rental appeal with value-add potential through interior renovations. Assumable financing enhances returns and mitigates exposure to current debt market volatility. Read Less
Courtesy of Miller & Desatnik Realty Co., David Miller, 323-948-7507.
Listing Snapshot
Days Online
10
Last Updated
Property Type
Other
Beds
24
Square Ft.
15,288
Lot Size
0.31 Acres
Year Built
1957
MLS Number
26653689
30 Days Snapshot Of 90069
$2.02M
+5%
(avg) sold price
17
+13%
homes sold
56
-46%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
Range/Oven, Refrigerator
Building
15,288 sq ft, Built in 1957, Levels: Two
Cooling
Ceiling Fan
Disclosures
None
Garage
None
Heating
Wall
Lot
LotAcreage: 0.3077, LotSizeArea: 13,399
Parking
TotalParking: 0
Property
NumberOfUnits: 20, Zoning: WDR3A*
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