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John Katnik
BRC Advisors- BH
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$100K PRICE DROP! Perfect owner-user opportunity! 2021 construction modern style duplex in located West Hollywood adjacent in the heart of the Fairfax area of Los Angeles! Built by TJH, thie duplex features two 3 bedroom / 2.5 bathroom townhome units! Currently, one unit is vacant and another is rented making this the perfect owner-user opportunity! Offered at a 5.70% cap rate, 13.73 GRM and at $699/ft, this opportunity is perfect for a seasoned investor to acquire in one of the best locations in all of LA. The units offer top of the line finishes throughout and there was no stone unturned during construction. Throughout units, you will find wide plank vinyl flooring, recessed lighting, polished chrome plumbing, white shaker cabinets and white quartz countertops. The kitchen features brand new stainless steel appliances, including a Bertazzoni gas range and Frigidaire refrigerator, dishwasher and microwave. Each unit includes a 2 car garage and 2 outdoor spaces as well as in-unit laundry. The property includes solar panels that are owned and fully paid off by the developer. Tenants pay all utilities! Fairfax is a very popular destination for renters as its in close proximity to some of the best restaurants and retail in LA! It is also in close proximity to many major employment hubs! The property is subject to LA City RSO.
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Total Bedrooms : 6
Total Baths: 5
Full Baths: 0
Half Baths: 0
Windows: Double Pane Windows
Property Appliances: Dishwasher,Microwave,Refrigerator,Dryer,Washer
Central Air
Air Conditioning
Central
Has Heating
Year Built: 2021
Building Area Total: 3,860
Construction: Stucco
None
Lot Dimensions Source: Vendor Enhanced
Lot Size Acres: 0.1424
Lot Size Source: Assessor
Lot Size Square Feet: 6203
Original List Price: 2,700,000
Listing Contract Date: 2024-01-14
Listing Agreement: Seller Reserved
Parcel Number: 5526004026
Garage Description: Garage
Lease Term: Negotiable
Tenant Pays: Electricity,Gas,Trash Collection,Water
Source Listing Status: Active Under Contract
Source Neighborhood: C10 - West Hollywood Vicinity
Postal Code Plus 4: 7518
Directions: North of Melrose and West of La Brea
Zoning: LAR2
Source Property Type: Residential Income
Area: C10 - West Hollywood Vicinity
Property Age: 3
Year Built Source: Builder
Total Square Feet Living: 3860
Levels or Stories: Two
Building Total Stories: 2
Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
---|---|---|---|---|---|
1738 Nichols Canyon Road, Los Angeles, CA,90046 | $3,899,000 | 5 | 4 | 3,924 | 7636 Sqft |
8169 Kirkwood Drive, Los Angeles, CA,90046 | $299,995 | -- | -- | -- | 11820 Sqft |
7506 Willow Glen Road, Los Angeles, CA,90046 | $449,000 | -- | -- | -- | 15182 Sqft |
7801 Hillside Avenue, Los Angeles, CA,90046 | $7,295,000 | 6 | 10 | 7,130 | 18984 Sqft |
823 N Ogden Drive, Los Angeles, CA,90046 | $1,995,000 | 4 | 2 | 1,872 | 6499 Sqft |
2341 Zorada Court, Los Angeles, CA,90046 | $7,586,000 | 5 | 5 | 6,300 | 40640 Sqft |
2235 Hercules Drive, Los Angeles, CA,90046 | $7,550,000 | 5 | 7 | 6,162 | 13776 Sqft |
2529 Woodstock Road, Los Angeles, CA,90046 | $799,000 | -- | -- | -- | 8441 Sqft |
8413 Grand View Drive, Los Angeles, CA,90046 | $149,999 | -- | -- | -- | 5684 Sqft |
8207 Mulholland Drive, Los Angeles, CA,90046 | $17,900,000 | 8 | 6 | 4,860 | 156554 Sqft |
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ByOwner last updated this listing 05/04/2024 @ 03:08
MLS: 24347489
LISTED BY: John Katnik, BRC Advisors- BH
SOURCE: CRMLS
Buyer Agency Compensation: 2%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.