Description
We are pleased to offer the opportunity to acquire this value-add 4-unit multifamily investment, located in prime West Hollywood. Great current cash flow at a 4.5% Cap Rate and 16x GRM with an incredible 54% potential upside to a 9.5% Cap Rate and 8.5x GRM. The site currently has two (2) garages that have excellent ADU potential to further increase cash flow and yield higher returns.Built in 1924, the property is comprised of four (4) one-bedroom + one-bathroom units, with a square footage of 2,448 on a 6,693-square foot lot. The property has updated copper plumbing, updated electrical system, remodeled bathrooms, kitchens, and all units feature in-unit laundry.This unique property is located on a charming and quiet street in the Tri-West area of West Hollywood. Residents are within walking distance to some of Los Angeles' most sought-after dining, retail and entertainment.
Location
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$749,985
2
2
980 Sq ft
ACTIVE
MLS# 23-274119
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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: 2nd June, 2023 2:19 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: 2nd June, 2023 2:19 AM (UTC)
Listing Agent: Davis Saadian
Listing Office: AKGRE Inc
