1253 Havenhurst, West Hollywood CA 90046 | $21,900,000
Listing provided courtesy of Hamid Soroudi of Keller Williams Beverly Hills. Last updated 2024-05-01 08:11:39.000000. Listing information © 2024 SANDICOR.
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.
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0.7 Acres
2 Stories
