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$5,350,000
Est. payment /mo
24 Beds
20 Baths
15,288 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Pending
Purchase Type For Sale
Square Footage 15,288 sqft
Price per Sqft $349
MLS Listing ID 26653689
Bedrooms 24
HOA Y/N No
Year Built 1957
Lot Size 0.308 Acres
Property Description
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 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.
Location
State CA
County Los Angeles
Area C10 - West Hollywood Vicinity
Zoning WDR3A*
Interior
Heating Wall Furnace
Fireplace No
Appliance Refrigerator
Exterior
Parking Features None
Building
Story 2
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 4337013043
Special Listing Condition Standard
Virtual Tour https://drive.google.com/drive/folders/1L-BzqRFmhPw8qSLShe1dkFiyIZTlmJNS?usp=drive_link
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Listed by David Miller Miller & Desatnik Realty Co. #02105346
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