This 2 unit multifamily building is located in an extremely desirable area within West Hollywood. The physicalproperty consists of 1,967 leasable SF, well situated on a 6,372 sf lot. The property is currently 100% leased to 2month to month tenants. The 2 bed and 1 bath apartment are leased at $1,600 per month and the 3 bed and 2bath apartment is leased for $1,900 per month. The property is grossing $42,000 per year. The tenants pay allutilities. After all expenses this property is netting $28,732 per year providing an investor with a 4.8% actualcapitalization rate at full asking price. Month to month tenancy allows investor to raise rent post closing.
Listing courtesy of RE/MAX 5 Star Realty. Contact:
Selling Office: Beachfront Realty Inc.
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Agent: John DeMarco | Email: John@deMarcogroup.net