Property
Beds
19
Full Baths
None
1/2 Baths
None
Year Built
2025
Sq.Footage
8,000
Brand new construction 6-unit luxury complex in the heart of Hollywood. This stunning investment features a rare unit mix including (2) 3BR/3.5BA, (1) 4BR/4BA, (1) 4BR/3.5BA, (1) 3BR/3BA, and (1) 2BR/2BA all designed with modern finishes, open floor plans, in-unit laundry, central AC, European cabinetry, stainless steel appliances, and large windows flooding the units with natural light. Each unit is separately metered for gas, water, electric, and trash. Tenants pay all utilities ensuring low maintenance and high cash flow.Pro forma gross monthly income is $28,180 ($338,180 annually) with projected expenses at 30%, yielding an NOI of approx. $236,718 annually. Estimated CAP rate of 5% and GRM of 13.9 at asking price. Located on a prime street just minutes from Sunset Blvd, this is a rare opportunity to acquire a pride-of-ownership, high-income producing asset in one of LA's most desirable rental markets.
Features & Amenities
Interior
-
Total Bedrooms
19
-
Bathrooms
N/A
-
Fireplace YN
YES
-
Heating YN
YES
-
Heating
Central
Exterior
-
Garage
No
-
Parking
Assigned
-
Pool
No
Area & Lot
-
Lot Size(acres)
0.1567
-
Property Type
Residential Income
Price
-
Sales Price
$4,699,995
-
Sq. Footage
8, 000
-
Price/SqFt
$587
HOA
-
Association
NO
School District
-
Elementary School
N/A
-
Middle School
N/A
-
High School
N/A
Property Features
-
Stories
3
-
Senior Community YN
NO
-
Sewer
Other
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Location
County
Los Angeles
Elementary School
Middle School
High School
Listing Courtesy of Eliza Kerndian , Keller Williams Beverly Hills
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