929 N Stanley Ave
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929 N Stanley Ave
8 Unit Apartment Building $2,425,000 ($303,125/Unit) 5.08% 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 | $2,425,000 | Apartment Style | Low Rise |
| Price Per Unit | $303,125 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.13 AC |
| Cap Rate | 5.08% | Building Size | 6,334 SF |
| Gross Rent Multiplier | 12.26 | Average Occupancy | 100% |
| No. Units | 8 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1963 |
| Property Subtype | Apartment | Parking Ratio | 1.26/1,000 SF |
| Price | $2,425,000 |
| Price Per Unit | $303,125 |
| Sale Type | Investment |
| Cap Rate | 5.08% |
| Gross Rent Multiplier | 12.26 |
| 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
- Kitchen
- Refrigerator
- Tub/Shower
- Patio
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 4 | $1,579 | 700 |
| 2+1 | 4 | $1,922 | 850 |
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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 |
PROPERTY TAXES
Parcel Number
5530-023-017
Land Assessment
$430,907
Improvements Assessment
$419,941
Total Assessment
$850,848
zoning
| Zoning Code | WDR3C* (Multiple Dwelling Zone) |
| WDR3C* (Multiple Dwelling Zone) |
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929 N Stanley Ave
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