Listing provided courtesy of Hamid Soroudi of Keller Williams Beverly Hills. Last updated 2024-04-27 08:11:29.000000. Listing information © 2023 CRMLS.
Asking Price: $21,900,000
1253 Havenhurst, West Hollywood CA 90046
Community: C10 - West Hollywood Vicinity
Status: Active
This property was built in 1956 and is priced at $21,900,000. Please see the additional details below.
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.
