9025 W 3rd St

• Assumable loan of $2,250,000 at 3.2% fixed until 3/1/28
• 13 x Gross & 5.1% Cap with rents at market
• 6.5% return on down payment with market rents

Property Description

Assumable loan of $2,250,000 at 3.2% fixed until 3/1/28. The loan has a value of $270,000 compared to a new loan at 6.2%. Next to Four Seasons Hotel at Doheny and Burton Way. 13 x Gross & 5.1% Cap with rents at market. 6.5% return on down payment with market rents. Seller has spent approx. $260,000 in renovations. Controlled access, elevator, dishwasher, A/C, M/W. Earthquake retrofit work has been completed.