Assumable loan of $11,227,000 at 3.2% fixed until 5/1/28. The loan has a value of over $1,350,000 compared to a new loan at 6.2%. Significant (33%) upside in rents. 12.6 x Gross & 4.9% Cap with existing rents; 9.5 x Gross & 7.6% Cap with rents at market. 6.8% return on down payment at closing; 12.2% return with rents at market. Seller has renovated 50% of the units and common areas at a cost of over $343,000. Controlled access, pool, gated parking.
Additional Features
- Two
- Parking spaces: 75.00
- Listing Status: Active
- Listing Agent: Hamid Soroudi
(lic# 00708618)
of Beverly Hills/Greater LA
- Listing Office: Keller Williams Beverly Hills
(lic# 01428775)
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Based on information from CRISNet MLS as of 30th April 2024 at 5:04am. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
