1253 HAVENHURST DRIVE, WEST HOLLYWOOD CA 90046
- 38,688 sq.ft.
- 30,399 sq.ft. lot
Property Description
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.
Listing Courtesy of Hamid Soroudi, Keller Williams Beverly Hills
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