5 units in prime West Hollywood location (West Hollywood) $2800000 6280ft2

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Oron Mahershow contact info

License# 01299092


Multifamily Property For Sale

625 N Kings Rd

625 N Kings Rd, West Hollywood, CA 90048

Price: $2,800,000
No. Units: 5
Building Size: 6,280 SF
Price/Unit: $560,000
Property Type: Multifamily
Property Sub-type: Garden/Low-Rise
Property Use Type: Investment
Commission Split: 2.5%
Cap Rate: 3.38%
Gross Rent Multiplier: 20.10
No. Stories: 2
Year Built: 1960
Lot Size: 5,750 SF
APN / Parcel ID: 5528-016-021
Parking Ratio: 1.15 / 1,000 SF
Last Verified: 8/18/2017
Listing ID: 20448989


Highlights

  • 52% upside in rents
  • Prime West Hollywood “A” location
  • Excellent mix of 2 and 3 bedroom large units
  • Located 1/2 block from Melrose restaurants and retail
  • Charming 1960’s built property
  • Walk score of 86

Description

Excellent opportunity to purchase a prime West Hollywood 5 unit apartment building. These are large
units with a great unit mix of 2 and 3 bedroom units with parking, located just 1/2 block from prime
Melrose restaurants and shopping. The subject site has a tremendous amount of upside.

Located on coveted Kings Rd, just 1/2 block from famous Melrose Ave. For those interested in
fine-dining, fashion, nightlife, and entertainment the location is unparalleled. The property is located in
one of the few truly walkable neighborhoods in the Los Angeles area with a walk score of 86. Close to the
high-end street retail corridors of Melrose and Robertson. Minutes away from trendy shops and
restaurants on 3rd St. The Beverly Center and The Grove are in close proximity.
The world famous Sunset Strip and numerous top tier nightlife destinations such as Hyde Lounge and
Laurel Hardware are at your fingertips. There is also an abundance of esteemed restaurants and cafes
such as, The Little Door, EPLP, Jones on 3rd, Toast in the near vicinity. The area offers premier shopping
destinations such as Melrose, Beverly Center, The Grove, and 3rd street. This property truly is situated in
one of, if not the, most vibrant areas in Los Angeles.


Oron Mahershow contact info

License# 01299092


The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness.

CJ6DL9M

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