1316 Havenhurst Dr
- Assumable loan $3,560,000 at 3.2% fixed until 5/1/28
- Prime West Hollywood, N. of Fountain and W. of Crescent Heights Blvd
- Significant (38%) upside in rents
- 12.6 x Gross & 5.2% Cap with existing rents; 9.1 x Gross & 7.8% Cap with rents at market
- 7.3% return on down payment at closing; 12.7% return with rents at market
Property Description
Assume $3,560,000 loan at 3.2% fixed until 5/1/28. Prime West Hollywood. 100% occupied. Significant (38%) upside in rents. 12.6 x Gross & 5.2% Cap with existing rents; 9.1 x Gross & 7.8% Cap with rents at market. 7.3% return on down payment at closing; 12.7% return with rents at market
Key Property Information
| Listing Status: | Available |
|---|---|
| Price: | $6,950,000 |
| No. of Units: | 28 |
| Cap Rate: | 5.2% |
| GRM /GIM: | 12.6 |
| Average Occupancy: | 100 |
| Year Built: | 1942 |
| Building Size: | 17,374 Sq ft |
| Lot Size: | 15,566.00 Sq ft |
| No. of Stories: | 2 |
| APN: | 5554-008-008 |
| Opportunity Zone: | No |
| Price per unit: | $248,214 |
Unit mix
| Description | No. of Units | Sq ft. | Avg. Monthly Rent |
|---|---|---|---|
| 1/1 | 2 | 1 | 2290 |
| S/1 | 26 | 1 | 1547 |
FINANCIAL DETAILS
| Income/expense info: | Actual |
|---|---|
| Financial year: | 2022 |
| Gross income: | 553082 |
| Effective Gross income: | 551885 |
| Operating expenses: | 190721 |
| Net operating income: | 361164 |
Additional contacts
| Full name | Phone number | Email address |
|---|---|---|
| Jared Battat | 310-432-5769 | [email protected] |
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