929 N Stanley Ave
8 Unit Apartment Building $2,375,000 ($296,875/Unit) 5.25% Cap Rate West Hollywood, CA 90046
INVESTMENT HIGHLIGHTS
- Assumable Financing! Buyer Can Assume Existing Loan at 3.94% Fixed Until February 2027
- Spacious Units Averaging Approx. 790 SF Each
- Property Offers Gated Parking for 8 Spaces and On Site Laundry Facilities for Tenants
- Great Unit Mix Composed of 4 - One Bedroom Units & 4 - Two Bedroom Units
- Building Offers a Private Front Yard for Tenants
- Approximately 36% Upside in Rents
EXECUTIVE SUMMARY
Contact broker for further details.
PROPERTY FACTS
| Price | $2,375,000 |
| Price Per Unit | $296,875 |
| Sale Type | Investment |
| Cap Rate | 5.25% |
| Gross Rent Multiplier | 12.01 |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.13 AC |
| Building Size | 6,334 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1963 |
| Parking Ratio | 1.26/1,000 SF |
UNIT AMENITIES
- Air Conditioning
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
- Island Kitchen
- Patio
- Vinyl Flooring
SITE AMENITIES
- Gas Range
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 4 | $1,579 | 700 |
| 2+1 | 4 | $1,922 | 850 |
1 of 1
Walk Score®
Walker's Paradise (92)
PROPERTY TAXES
| Parcel Number | 5530-023-017 | Improvements Assessment | $419,941 |
| Land Assessment | $430,907 | Total Assessment | $850,848 |
ZONING
| Zoning Code | WDR3C* (Multiple Dwelling Zone) |
