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Hamid Soroudi
Keller Williams Beverly Hills
310-432-6400
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.
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Total Bedrooms : 2
Total Baths: 79
Full Baths: 0
Half Baths: 0
Year Built: 1956
Building Area Total: 38,688
Community
Lot Dimensions Source: Vendor Enhanced
Lot Size Acres: 0.6979
Lot Size Source: Vendor Enhanced
Lot Size Square Feet: 30399
Original List Price: 21,900,000
Listing Contract Date: 2024-03-18
Listing Agreement: Seller Reserved
Parcel Number: 5554016006
Garage Description: Community Structure
Lease Term: Negotiable
Source Listing Status: Active
Source Neighborhood: C10 - West Hollywood Vicinity
Postal Code Plus 4: 4924
Directions: N. of Santa Monica Blvd., W. of Crescent Heights Blvd.
Zoning: WDR4*
Source Property Type: Residential Income
Area: C10 - West Hollywood Vicinity
Property Age: 68
Year Built Source: Vendor Enhanced
Total Square Feet Living: 38688
Levels or Stories: Two
Building Total Stories: 2
Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
---|---|---|---|---|---|
Grandview Drive, West Hollywood, CA,90046 | $189,000 | -- | -- | -- | 4830 Sqft |
918 N La Jolla Avenue, West Hollywood, CA,90046 | $5,275,000 | 4 | 4 | 3,566 | 6110 Sqft |
1316 Havenhurst Drive, West Hollywood, CA,90046 | $6,950,000 | 28 | -- | 17,374 | 15571 Sqft |
1356 N Ogden Drive, West Hollywood, CA,90046 | $4,250,000 | 4 | 2 | 2,810 | 9386 Sqft |
937 N Spaulding, West Hollywood, CA,90046 | $1,975,000 | 3 | -- | 1,900 | -- |
7611 Hampton Avenue, West Hollywood, CA,90046 | $1,790,000 | 3 | 2 | 1,248 | 6795 Sqft |
1345 N Hayworth Avenue .., West Hollywood, CA,90046 | $389,000 | -- | 1 | 446 | 45423 Sqft |
1253 N Orange Grove Ave.., West Hollywood, CA,90046 | $2,445,000 | 7 | 4 | 2,965 | 6922 Sqft |
1253 N Orange Grove Ave.., West Hollywood, CA,90046 | $2,445,000 | 7 | 4 | 2,965 | 6922 Sqft |
1029 N Orange Grove Ave.., West Hollywood, CA,90046 | $2,149,000 | 4 | 4 | 2,622 | 6395 Sqft |
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ByOwner last updated this listing 05/16/2024 @ 14:42
MLS: 24371159
LISTED BY: Hamid Soroudi, Keller Williams Beverly Hills
SOURCE: CRMLS
Buyer Agency Compensation: 1.25%
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.