6708 Willoughby Avenue , Los Angeles, CA - 90038, Los Angeles CA is for sale :

Call For Appointment to See This Home
Dmitry Litvishkov (310)-709-4920

6708 Willoughby Avenue , Los Angeles, CA - 90038 is For Sale

Details

Price : $3,895,000

Address : 6708 Willoughby Avenue

City : Los Angeles

State : CA

Area : C20 - Hollywood

Property Type : Residential Income

Sq M : 674 M²

Total Units : 9

CAP rate : $6

Gross Operating Income : $303,804

Net Operating Income : $221,235

MLS# : 24406797

Lot Size (Acres) : 0.1665 ac

Property Description

Los Angeles Home For Sale. We are very pleased to exclusively offer for sale The Siegel, a beautifully expanded and remodeled 9 unit corner lot multi-family property located steps from several illustrious Hollywood Studios as well as nearby historic and famous Hancock Park. The Siegel offers an investor a stabilized, strong income stream of over $313,000 in annual gross income and a $221,235 net operating income, delivering a new owner a Day 1 cap rate of 5.7% and a 12.4 GRM. Comprised of an excellent mix of large 1 and 2 bedroom units, plus one studio unit, The Siegel is perfectly situated on a beautiful tree-lined street, featuring a mix of multi-million dollar single family homes and well manicured duplex properties along Las Palmas Avenue. Many of these units at The Siegel have been renovated to include high end appliances, washer/dryer hookups, hardwood floors, recessed lighting, high end kitchen and bathrooms. This is truly one of the best 9 unit multi-family investment offerings in one of the strongest multi-family markets in Southern California.

Listed By

Dana Brody

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