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$3,850,000
Est. payment /mo
14 Beds
14 Baths
9,581 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 9,581 sqft
Price per Sqft $401
MLS Listing ID 26653665
Bedrooms 14
HOA Y/N No
Year Built 1959
Lot Size 7,618 Sqft
Lot Dimensions Assessor
Property Description
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.
Location
State CA
County Los Angeles
Area C10 - West Hollywood Vicinity
Zoning WDR4*
Interior
Heating Wall Furnace
Fireplace No
Appliance Refrigerator
Exterior
Parking Features Gated
Building
Story 2
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 5555004071
Special Listing Condition Standard
Virtual Tour https://drive.google.com/drive/folders/10HXbWcr1rjd1ZtVLbDwdQ_PcwI3mcDFS?usp=drive_link
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Listed by David Miller Miller & Desatnik Realty Co. #02105346
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