The subject property is a 9-unit multifamily property located in the desirable and trendy community of West Hollywood, CA, just three blocks from the Sunset Strip. Current rents are well below those of similar properties in the neighborhood, resulting in an opportunity for a new investor to eventually recapture approximately 66% in rent upside. This income is supplemented by the landlord-owned on-site laundry facilities, while expenses are limited by the presence of partial copper plumbing and a newer water heater. Select units feature fully renovated kitchens with new countertops, cabinets, and tile backsplashes, new wood flooring, crown moulding, and remodeled bathrooms.
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Listing Courtesy ofMarcus & Millichap