8 unit apartment building consisting of (6) 2 bed + 1.25 bath and (2) 1 bed + 1 bath ADU's
New electric, fully upgraded kitchens and bathrooms with new sinks, appliances, counter tops, vanities, fixtures and more
Truly legendary property in an ideal location with incredible financing
Assumable loan is extremely valuable and offers an incredible opportunity to cash flow
±$400,000 spent on building renovations and capital improvements in 2022
Value add opportunity to immediately increase income by $38,520. Increasing the cap rate to 5.76% and cash on cash to 8.73%. Ask agent for details
Incredible 2.18% interest only $2,200,000 assumable loan with 9+ years left
±$300,000 for 2 brand new 2023 free standing ADU's delivered at closing
Premier West Hollywood location
No deferred maintenance
All units fully remodeled