Commercial For Sale | Multifamily | Apartment building / Low Rise / Garden Style / 1-3 stories high

7634 Hampton Avenue . Los Angeles , CA 90046


PRIME WEST HOLLYWOOD. For sale 8 Unit building with 5 fully renovated vacancies. For more information contact the listing agents ,Listed by Armin Soleimani •DRE #01846872 • Global Platinum Properties, Inc. •310-666-2246 (agent) •arminsoleimani@gmail.com (agent) Listed by Julio Ruiz •DRE #01911261 • Global Platinum Properties, Inc.

Posted: 05/26/2023 3:09 am | On HOMEiZ: 421 days | Updated: 9 months ago | Views: 624

Location Map

Property Type

Sold

Property Price

$3300000
$92500
10/11/2023
6,667.00 Sq. Ft.
$536
6154
2.5%
5%
$0
$165000
14.20
1.25%
$41250

Property Location & Description

PRIME WEST HOLLYWOOD. For sale 8 Unit building with 5 fully renovated vacancies. For more information contact the listing agents ,Listed by Armin Soleimani •DRE #01846872 • Global Platinum Properties, Inc. •310-666-2246 (agent) •arminsoleimani@gmail.com (agent) Listed by Julio Ruiz •DRE #01911261 • Global Platinum Properties, Inc.
Rent Control
8 Unit building with 5 fully renovated vacancies in prime West Hollywood cash flowing at an amazing Current Cap Rate of 5% and 14.2 GRM from day 1! 1 Attached (1 bed/1bath) RTI ADU under construction which will improve the current financials to an incredible Current 5.7% Cap Rate, 12.9 GRM and only 432k/door after completion. Additional 24% upside to 6.6% Cap Rate and 11.5 GRM on the proforma. Diverse Unit Mix of 5 (2bed/1bath) units and 3 (1bed/1bath) units. Individually metered for Gas & Electricity. RTI Plans for 1 Attached ADU in the storage area (Under Construction) + Prelim Plans for 2 Detached ADUs over the carport. All 5 units have been completely renovated and boast a high-end aesthetic with new modern cabinets, flooring, recessed lighting, new bathrooms, stainless steel appliances, washer/dryer inside, as well as major exterior capital improvements.
8 Unit building with 5 fully renovated vacancies in prime West Hollywood cash flowing at an amazing Current Cap Rate of 5% and 14.2 GRM from day 1! 1 Attached (1 bed/1bath) RTI ADU under construction which will improve the current financials to an incredible Current 5.7% Cap Rate, 12.9 GRM and only 432k/door after completion. Additional 24% upside to 6.6% Cap Rate and 11.5 GRM on the proforma. Diverse Unit Mix of 5 (2bed/1bath) units and 3 (1bed/1bath) units. Individually metered for Gas & Electricity. RTI Plans for 1 Attached ADU in the storage area (Under Construction) + Prelim Plans for 2 Detached ADUs over the carport. All 5 units have been completely renovated and boast a high-end aesthetic with new modern cabinets, flooring, recessed lighting, new bathrooms, stainless steel appliances, washer/dryer inside, as well as major exterior capital improvements.
8
$412500
No.
Description
No. Units
Sq. Ft.
Avg. Mo. Rent
1.
1+1 
 
2.
2+1 
 
3.
 
 
 
4.
 
 
 
5.
 
 
 
5530-007-016
WDR2
38%
Wood & Stucco
2
1955
Very good
8 Unit building with 5 fully renovated vacancies in Prime West Hollywood cash flowing at an amazing Current Cap Rate of 5%and 14.2 GRM from day 1
Additional 24% upside to 6.6% Cap Rate and 11.5 GRM on the proforma
Diverse Unit Mix of 5 (2bed/1bath) and 3 (1bed/1bath)
1 Attached (1 bed/1bath) RTI ADU under construction which will improve the current financials to an incredible Current 5.7%Cap Rate!
1 Attached (1 bed/1bath) RTI ADU under construction which will improve the current financials to an incredible Current 5.7%Cap Rate!
1 Attached (1 bed/1bath) RTI ADU under construction which will improve the current financials to an incredible Current 5.7%Cap Rate!

Property Information

Sewer

Sewer System (Public)

Parking

Off-street
On-street
Assigned Parking
5

Investment Overview

Investor

Energy Efficiency

No
No Data
N/A
N/A
No
No
No
No

Neighborhood lifestyle

Urban Core

More information

https://offmarketexperts.com/

Listing Info

Listing ID: 3372
Sold

For Sale

$3,300,000

Listing Presented by

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