1253 Havenhurst Dr

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Address: 1253 Havenhurst Dr, West Hollywood, CA 90046, USA
Created date: May 15, 2024
Date last updated: May 15, 2024

Property Description

Assumable loan of $11,227,000 at 3.2% fixed until 5/1/28. The loan has a value of over $1,350,000 compared to a new loan at 6.2%. Significant (33%) upside in rents. 12.6 x Gross & 4.9% Cap with existing rents; 9.5 x Gross & 7.6% Cap with rents at market. 6.8% return on down payment at closing; 12.2% return with rents at market. Seller has renovated 50% of the units and common areas at a cost of over $1,070,000. Controlled access, pool, gated parking.

Key Property Information

Listing Status: Available
Listing Type: Call for offers
Property Types: Apartment Buildings
Price: $21,900,000
No. of Units: 79
Year Built: 1956
Lot Size: 38,688.00 Sq ft
Opportunity Zone: No
Price per unit: $277,215
Property Website Click Here
Number of Bedrooms: 2
Number of Bathrooms: 0
Address: 1253 Havenhurst Dr, West Hollywood, CA 90046, USA
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