Property Detail
Description
Brand new construction 6-unit luxury complex in the heart of Hollywood. This stunning investment features a rare unit mix including (2) 3BR/3.5BA, (1) 4BR/4BA, (1) 4BR/3.5BA, (1) 3BR/3BA, and (1) 2BR/2BA all designed with modern finishes, open floor plans, in-unit laundry, central AC, European cabinetry, stainless steel appliances, and large windows flooding the units with natural light. Each unit is separately metered for gas, water, electric, and trash. Tenants pay all utilities ensuring low maintenance and high cash flow.Pro forma gross monthly income is $28,180 ($338,180 annually) with projected expenses at 30%, yielding an NOI of approx. $236,718 annually. Estimated CAP rate of 5% and GRM of 13.9 at asking price. Located on a prime street just minutes from Sunset Blvd, this is a rare opportunity to acquire a pride-of-ownership, high-income producing asset in one of LA's most desirable rental markets.
Map Location
Listing provided courtesy of Eliza Kerndian of Keller Williams Beverly Hills. Last updated 2025-07-26 08:11:25.000000. Listing information © 2025 CRMLS.
John Collins
DRE# 01948188
888 Prospect St. Suite 140
La Jolla, CA 92037
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858.252.0200
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Address
888 Prospect St. Suite 140 La Jolla CA 92037
Coldwell Banker Realty, CalBRE# 00616212
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