About 1253 Havenhurst Dr
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.
Features of 1253 Havenhurst Dr
| MLS® # | 24-371159 |
|---|---|
| Price | $21,900,000 |
| Units | 79 |
| Bedrooms | 2 |
| Bathrooms | 79.00 |
| Square Footage | 38,688 |
| Acres | 0.70 |
| Year Built | 1956 |
| Type | Residential Income |
| Sub-Type | Apartment Building |
| Status | Active |
Community Information
| Address | 1253 Havenhurst Dr |
|---|---|
| Area | West Hollywood Vicinity |
| City | WEST HOLLYWOOD |
| County | Los Angeles |
| State | CA |
| Zip Code | 90046 |
Amenities
| Parking Spaces | 75 |
|---|---|
| Garages | Community Garage |
| Is Waterfront | No |
| Has Pool | Yes |
| Pool | Community |
Interior
| Heating | Other |
|---|---|
| Cooling | Wall Unit(s) |
| Fireplace | No |
| # of Stories | 2 |
| Has Basement | No |
Additional Information
| Date Listed | March 18th, 2024 |
|---|---|
| Days on Market | 60 |
| Zoning | WDR4* |
| Foreclosure | No |
| RE / Bank Owned | No |
| Cap Rate | 4.90 |
| Gross Operating Income | $1,686,470 |
| Net Operating Income | $1,080,348 |
Unit 1 Details
| Baths | 1.00 |
|---|---|
| Rent | $1,793 |
Listing Details
| Agent | Hamid Soroudi (00708618) |
|---|---|
| Office | Keller Williams Beverly Hills |