8 Units in Prime WeHo - 2 Units Delivered Vacant

8355 Rosewood Avenue, West Hollywood, CA

$3,150,000

Price

3.1%

Cap Rate

$97,583

NOI

Overview
Cap Rate
3.1%
NOI
$97,583
Pro Forma Cap Rate
7.6%
Building Size
7,966 sqft
Lot Area
5,368 sqft
Occupancy
75%
Units
8
GRM
18.43
Year Built
1960
Price Per Sqft
$395
Price Per Unit
$393,750
Floors
2
Parking Spots
8
Description

Presented for sale is an 8 Unit Apartment Building in a tremendously desirable location of West Hollywood. The building sits on a corner lot and consists of four 2 Bedroom + 2 Bathrooms and four 1 Bedroom + 1 Bathroom above a gated semi-subterranean garage with 8 parking spaces.

Sold with 2 vacant units, one unit has already been gutted for a rehab.

Walk Score calls this location a Walker's Paradise, just three blocks to Melrose Place and right in the middle of anything your tenants may want!

Highlights
  • Large Units
  • 8 Parking Spaces in a Gated Garage
  • Within half a mile of The Hollywood Imrpov, Crossroads Kitchen, Alfred Coffee, Blue Bottle Coffee
  • Around the Corner from the Beverly Center
  • Near The Grove, WeHo Bars, The Sunset Strip
Documents

Location
Gallery