Prime Hollywood 10 Unit Multifamily Investment, with 6.41% Pro Forma Cap Rate & 11.49 Pro Forma GRM. True Value-Add Opportunity with approximately 30% upside in rents. Excellent opportunity to re-position a property within a rapidly redeveloping pocket of the city. Property is nestled amongst newly constructed and beautifully restored properties garnering high rental rates. Vital Infrastructure updates have recently been completely including: New Electric Service, Roof, Plumbing, Sewer Line, & Complete Exterior Paint. Some units have been updated and two units are being held vacant to allow new buyer to renovate to their personal aesthetic and rent units at the top of the market. Rare opportunity for a savvy investor looking to capitalize on the exciting renovation and income opportunities.
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
