Description
Huge 500k Price Reduction! Once in a lifetime, 100% Vacant Value Add 13 Units in West Hollywood priced at only 449k/door. Incredible Current Cap Rate of 6% and 12.5 GRM after taking into account the remaining construction cost. All units are under construction so buyers can complete them to their own taste and get top market rents. All of the rough construction and heavy lifting have been done except for finishes (Electrical, Plumbing, Framing, Mechanical). Excellent West Hollywood location minutes from The Grove, Sunset Strip, and Beverly Hills. Individually metered for Gas & Electricity. Potential for short-term vacation rental (Airbnb & Vrbo) to maximize income even further. Price/Unit, Cap Rate & GRM are based on Total Price for the sake of conservatism, which includes the estimated remaining construction cost at 27k/unit (351k).
Location
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$1,995,000
2
3
1,570 Sq ft
ACTIVE
MLS# 23-334817
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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: 30th November, 2023 8:22 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: 30th November, 2023 8:22 AM (UTC)
Listing Agent: Alexander Yerekhman
Listing Office: Century 21 Hollywood
