Est. cap rate

4.9%

Assumed rent, all units

$9,800/mo

Units

4

Price per unit

$298,750

Est. annual NOI

$58,800

Expense assumption

50%

Estimates only, based on HUD Fair Market Rents (a conservative 40th percentile floor) and a standard 50% operating expense assumption. Not a guarantee of income or value. Ask Alex for a pro forma using comparable rent data.

Run your own numbers

Adjust the assumptions to see cash flow and cash on cash return.

Illustration only, using a 30 year loan and your assumptions above. Not a loan offer, financial advice, or a guarantee. Confirm financing and actual rents independently.

Property details

Type

Quadruplex

Bedrooms

4

Building size

5,746 sqft

Lot size

7,700 sqft

Year built

1922

Stories

2

Garage spaces

0

Style

Mediterranean

Heating

None

Cooling

None

Pool

None

View

None

Status

Active

Days on market

4

MLS #

248014146

About this property

INVESTOR / BUILDER / DEVELOPER OPPORTUNITY! Located in the heart of Hollywood’s Afton Square neighborhood, this classic 1920s Mediterranean-style quadraplex presents a rare opportunity to acquire a large R3-zoned multifamily property with significant upside potential. Situated just minutes from the Hollywood Walk of Fame and directly across from Sunset Gower Studios’ Stage 9, the property offers an exceptional location for investors, owner-users and developers alike. The approximately 7,700-square-foot lot features a character-rich four-unit building with approximately 5,746 square feet of interior space. Each spacious unit offers 2 bedrooms and 1 bath, with oversized interiors, high ceilings, crown molding and the architectural character associated with Hollywood’s classic apartment buildings. Two units are currently ready for rehabilitation, providing an immediate opportunity for a new owner to renovate and reposition the vacant units. The remaining two units are occupied.The property is zoned LAR3, offering potential for future development or expansion. The site may also present opportunities for additional accessory dwelling units or other residential improvements under applicable current City of Los Angeles and California regulations. Buyer to independently verify all zoning, development, ADU, SB 79, density, parking, historic-resource, RSO and other development requirements with the appropriate governmental agencies and qualified professionals.

Location

6101 Afton Place

Hollywood, Los Angeles, CA, 90028