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: 345 days |
Updated: 6 months ago
| Views: 549
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
3
2.
2+1
5
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/
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