Description
Once in a lifetime, 100% Vacant Value Add 13 Units in West Hollywood priced at only 498k/door. Incredible Current Cap Rate of 5.3% Cap Rate and 13.8 GRM after renovations. 9 units with Fully Approved RTI Plans for 2 Interior ADUs (Under Construction) and RTI Plans for 2 Exterior ADUs. All interior units are under construction so buyers can complete them to their own taste and get top market rents. Most of the rough construction and heavy lifting have been done except finishes (Electrical, Plumbing, Framing, Mechanical). Excellent West Hollywood location minutes from The Grove, Sunset Strip, and Beverly Hills. Individually metered for Gas & Electricity. Price/Unit, Cap Rate & GRM are based on Total Price for sake of conservatism, which includes the estimated remaining remodel cost of 9 units + 2 Interior ADUs at 30k/unit (330k) plus estimated construction cost of 2 Exterior ADUs at 75k/unit (150k).
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"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.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed."
Updated: 28th March, 2023 4:17 AM (UTC)
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed."
Updated: 28th March, 2023 4:17 AM (UTC)
Listing Agent: Alexander Yerekhman
Listing Office: Century 21 Hollywood
