Listed by Miller & Desatnik Realty Corp
$3,850,000
1141 Hacienda Place
Details
APN 5555-004-0711
Property Type Multifamily
Sub Type Apartment Building
Net Rentable (SqFt) 9,581
Units 12
Cap Rate 4.77%
NOI $183,559
Price per SqFt $402
Year Built 1959
Buildings 1
Stories 2
Lot Size (SqFt) 7,617
Zoning WDR4*
Parking Spaces 0 spaces
Multifamily | 12 Units | $320,833/unit
Marketing description
12-unit West Hollywood multifamily opportunity featuring 2.69% interest-only assumable financing through December 2030. The property offers strong in-place income with an approx. cash on cash return above 6.71%, a 12.78 GRM and 4.77% cap rate, equating to approximately $320,833 per unit and $401 per square foot. Built in 1959, this low-density mid-century asset provides classic Los Angeles character and clear cosmetic value-add potential. Located within walking distance to Sunset Blvd, Melrose Ave, and Santa Monica Blvd, the property consistently attracts quality tenants in a highly desirable rental submarket. Assumable financing enhances returns and reduces acquisition debt risk.
Listing Contacts
Listed by Miller & Desatnik Realty Corp
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$183,559.00
$15,296.58/mo
Valuation Metrics
0
DSCR
4.77%
Cap Rate
4.77%
ROI
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