NEW! Buy and sell safely with virtual options - Learn More
12-unit West Hollywood multifamily opportunity featuring 2.69% interest-only assumable financing through December 2030. The property offers strong in-place income with an approx. cash on cash return above 6.71%, a 12.78 GRM and 4.77% cap rate, equating to approximately $320,833 per unit and $401 per square foot. Built in 1959, this low-density mid-century asset provides classic Los Angeles character and clear cosmetic value-add potential. Located within walking distance to Sunset Blvd, Melrose Ave, and Santa Monica Blvd, the property consistently attracts quality tenants in a highly desirable rental submarket. Assumable financing enhances returns and reduces acquisition debt risk.
Don't worry! We'll never spam you or sell your details. You can unsubscribe whenever you'd like.
Listing Courtesy of -