Sotheby's International Realty
Matthew Aaronson, Sotheby's International RealtyPhone: (917) 359-5392
Email: [email protected]
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listing
1 of 9
Residential IncomeFor Sale
$20,900,000
1253 Havenhurst Drive
West Hollywood, CA 90046
Listed by Hamid Soroudi DRE#00708618 [email protected] Keller Williams Beverly Hills
MLS: California Regional MLS (CRMLS)
2Beds
79Baths
38,688Sq Ft
Est. Mortgage
$107,982/mo

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 (32%) upside in rents. 11.9 x Gross & 5.3% Cap with existing rents; 9 x Gross & 8% 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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Information courtesy of Keller Williams Beverly Hills is subject to verification and is not guaranteed.
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