Huge 250k Price Reduction! Once in a lifetime, 100% Vacant & Renovated 13 Units in West Hollywood cash flowing at an incredible 5.75% Cap Rate and 12.7 GRM. Priced at only 480k/door for units that have been completely remodeled from the studs...
Huge 250k Price Reduction! Once in a lifetime, 100% Vacant & Renovated 13 Units in West Hollywood cash flowing at an incredible 5.75% Cap Rate and 12.7 GRM. Priced at only 480k/door for units that have been completely remodeled from the studs with permits and boast a high-end aesthetic with new modern cabinets, flooring, recessed lighting, new bathrooms, new Mini Split AC systems, stainless steel appliances, washer/dryer inside, as well as major exterior capital improvements. On top of that, all the major systems have been updated including roof, electrical, plumbing, windows, HVAC, soft-story, etc. The unit mix provides unparalleled versatility with 5 (2bed/1bath) units, 6 (1bed/1bath) units, and 2 (studio/1bath) units. Each unit is individually metered for gas and electricity, ensuring convenience and efficiency. Potential for short-term vacation rental (Airbnb & Vrbo), longer-term furnished rentals, and government master leases to maximize income even further. Excellent West Hollywood location minutes from The Grove, Sunset Strip, and Beverly Hills.
Listing Courtesy of Century 21 Hollywood, Email/Phone : 818-416-0309
The listing brokers offer of compensation is made only to participants of the MLS where the listing is filed.
features
Community
Sidewalks
PROPERTY INFORMATION
Community Info
Curbs, Gutters, StreetLights, Sidewalks
Garage Info
0
Sewer
PublicSewer, None
Water
Public
EXTERIOR
Lot Description
Item1115UnitsAcre
ADDITIONAL INFORMATION
Number of Units
13
Listing Courtesy of Century 21 Hollywood, Email/Phone : 818-416-0309