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Multifamily

3160 Hollycrest Dr

3160 Hollycrest Dr, Los Angeles, CA 90068

Listing Price: $2,495,000

Cap Rate
1.56%
Number of Units
10
Price/Unit
$249,500
Price/Gross SF
$644.70
Gross SF
3,870

Investment Overview

Marcus and Millichap is pleased to present the opportunity to acquire 3160 Hollycrest Drive, a 10-unit multifamily investment opportunity + 2,768 SF vacant lot located in the supply constrained 90068 zip code of Los Angeles, CA.

Investment Highlights

  • First Time on the Market in 36 Years!
  • Owner-User Potential Opportunity Offering a 2-Bedroom/1-Bathroom Owner Unit! | 1 Studio Unit to be Delivered Vacant.
  • Approximately Over 200% in Rental Upside Through Renovation - a True Value-Add Opportunity.
  • Potential to Convert Garages to ADU's!
  • Potential Land Development Opportunity on 2,768 SF Currently Vacant Lot!

Exclusively Listed By

  • Tony Azzi

    Executive Managing Director Investments

    (310) 909-5454

    Email Tony

    License(s): CA: 00910513, CA: 01325569

    West Los Angeles

Multifamily

3160 Hollycrest Dr

Listing Price: $2,495,000

Cap Rate
1.56%
Number of Units
10
Price/Unit
$249,500
Price/Gross SF
$644.70
Gross SF
3,870

Investment Highlights

  • First Time on the Market in 36 Years!
  • Owner-User Potential Opportunity Offering a 2-Bedroom/1-Bathroom Owner Unit! | 1 Studio Unit to be Delivered Vacant.
  • Approximately Over 200% in Rental Upside Through Renovation - a True Value-Add Opportunity.
  • Potential to Convert Garages to ADU's!
  • Potential Land Development Opportunity on 2,768 SF Currently Vacant Lot!

Investment Overview

Marcus and Millichap is pleased to present the opportunity to acquire 3160 Hollycrest Drive, a 10-unit multifamily investment opportunity + 2,768 SF vacant lot located in the supply constrained 90068 zip code of Los Angeles, CA.

Exclusively Listed By

  • Tony Azzi

    Executive Managing Director Investments

    (310) 909-5454

    Email Tony

    License(s): CA: 00910513, CA: 01325569

    West Los Angeles

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