$21,900,000
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1253 Havenhurst Drive West Hollywood, CA 90046
Cluster
Residence
2
Beds
79
Baths
...
Bed/Bath
38,688
Sq. Ft.
Property Activity
Time on Site
days
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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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MLS#
24371159
Property Type
Cluster
Bedrooms
2
Bathrooms
Year Built
1956
Square Feet
38,688
sq. ft
Lot Size
0.7
Stories
2.0
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