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 3.7% Cap Rate and 19x 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.
Listing Agent: Davis Saadian 01921748 Courtesy of: AKGRE Inc "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.
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Updated: 29th January, 2023 5:49 AM (UTC)