Residential Income Details
PRICE REDUCTION! PRICE REDUCTION!! PRICE REDUCTION!!! BEST LOCATION IN ALL OF WEST HOLLYWOOD!!! DRIVE BY TO REALLY SEE HOW GREAT THIS PROPERTY IS!!!
FIRST TIME FOR SALE IN 50 YEARS! THE HERSHBERG RESIDENCES HAVE BEEN PASSED DOWN FROM GENERATION TO GENERATION. WELL SITUATED JUST ABOVE FOUNTAIN AVENUE AND JUST BELOW SUNSET BLVD. NEAR A PRESTIGIOUS HISTORICAL AREA. eXCELLENT LOCATION! WONDERFUL FLOOR PLANS THAT DISPLAYS THE ELEGANCE OF THE PAST, WITH SOME MODERN UPDATES AND SERENE VIEWS TO MATCH. SURROUNDED BY NEW UPSCALE RESIDENTIAL APARTMENTS, CONDOS AND TOWNHOUSES THAT RENT FOR $4,995 TO $5,500 AND MORE PER MONTH. UPDATE TO YOUR TASTE OR TEAR DOWN, BUILD MORE UNITS AND USE YOUR IMAGINATION TO CREATE A NEW STANDARD. THE CITY MAY ALLOW UP TO 17 UNITS IF 20% ARE AFFORDABLES. EXCELLENT EXCELLENT EXCELLENT LOCATION. THIS IS A ONCE IN A LIFETIME OPPORTUNITY.........TO OWN THIS APARTMENT COMMUNITY IN A ONE OF A KIND LOCATION. THIS AREA HAS ONE OF THE HIGHEST VALUES IN THE NATION. DON'T MISS OUT. MOST APARTMENT HOUSES IN THIS AREA NEVER BECOME AVAILABLE. Market Rent Value at a 3% cap rate is 7.3 million dollars
If any retrofitting is required by the city or county, it can be negotiated into the price. Preliminary cost is 45k plus 7k in plan cost.
|Number of Units||10|
|Listing Brokerage||KW Temecula|
|Listing Agent||Robyn Wonnell|
|Listing Agent BRE #||01353690|
|Features||Copper Plumbing Full,Copper Plumbing Partial|
|Parking||Assigned,Carport Attached,Driveway Level,Off Street,On Site|
Based on information from California Regional Multiple Listing Service, Inc. as of Saturday, September 22, 2018.
This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing.
Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS.
Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals.
Information from sources other than the Listing Agent may have been included in the MLS data.
Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources.
The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.