929 Stanley ave, West Hollywood , CA 90046
Active
$2,375,000
8%
8 Units
12 Beds
8 Baths
6,334 Area(sq.ft.)
Lot: 5,769 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 4 | 1 | 1 | No | $ 1,827 | $ 7,308 | $ 9,200 |
| Unit 2 | 4 | 2 | 1 | No | $ 2,294 | $ 9,176 | $ 13,200 |
| 8 | 12 | 8 | $ 16,484 | $ 65,936 | $ 89,600 |
| MLS #: | 24-443373 |
| Days On Market: | 440 |
| Listing Date: | September 22, 2024 |
| County: | Los Angeles |
| Property Type: | Residential Income |
| Price per ft2: | $ 375 |
| Price per unit: | $ 296,875 |
| Year Built: | 1963 |
Property Details
4.5% Cash on Cash Day 1 With Upside! (With Assumable Financing). Assumable Financing Available at 3.94%! 929 N Stanley Avenue is an 8 Unit Apartment Building built in 1963. The property is located in an A+ West Hollywood Location just north of Melrose and East of Fairfax Avenue. The property offers an excellent unit mix comped of 4 - 1 Bedroom / 1 Bathroom units and 4 - 2 Bedroom / 1 Bathroom Units. Garage offers 8 Parking Spaces. Assumable Financing Available at approx. $1,200,0000 & 3.94%.Interested in this Listing?
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Income Details
| Vacancy Rate: | 2% |
| Gross Operating Income: | $ 198,712 |
| Total Annual Expense: | $ 70,135 |
| Net Operating Income: | $ 124,621 |
| Gross Annual Income: | $ 197,812 |
| Cap Rate: | 5.25% |
| Gross Rent Multiplier: | 12.01 |
Structure
| Type of Units: | Standard |
| Buildings: | 1 |
| Levels: | Multi/Split |
| Security Features: | Gated |
Land & Parking
| Zoning: | WDR3C* |
| Parking Garage: | Garage |
Interior
| AC/Cooling: | Wall Unit(s) |
| Equipment: | Ceiling Fan |
| Heating: | Wall |
| Laundry: | Community |
Exterior
Detailed Map
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