Deal numbers

A cap rate estimate is not available for this property yet. Ask Alex for a pro forma using comparable rent data.

Property details

Bedrooms

4

Building size

1,950 sqft

Lot size

6,157 sqft

Year built

1947

Stories

0

Status

Active

Days on market

120

MLS #

242919409

About this property

Exceptional owner-user or investment opportunity in one of West Hollywood's most desirable residential neighborhoods. Offering a 5.83% CAP, 12.57 GRM, $103,782 NOI and $141,600 in gross annual income, this four-unit property combines strong current returns with an attractive owner-user opportunity. The beautifully updated 2-bedroom front residence is ideal for owner-user occupancy and features its own large, private and secluded yard and patio, while the three additional units currently generate $7,300 per month in rental income. Set behind mature hedging on a 6,157-square-foot lot, the property offers exceptional privacy, multiple outdoor spaces and a true residential feel. Each unit features updated kitchens and baths, in-unit laundry and private outdoor areas. An outstanding opportunity for an owner-user looking to enjoy the privacy and outdoor space of a single-family residence while benefiting from substantial rental income, or an investor seeking strong current returns in a prime West Hollywood location. Moments from Melrose Avenue, Santa Monica Boulevard and some of the area's best dining, shopping and entertainment. Some photos have been virtually staged.

Location

936 N Harper Avenue

West Hollywood, Los Angeles, CA, 90046