Multifamily
4443 Willow Brook Ave
4443 Willow Brook Ave, Los Angeles, CA 90029
Listing Price: $3,595,000
Investment Overview
Marcus & Millichap is pleased to present 4443 Willow Brook Avenue, a 12-unit bungalow-style property located blocks from Los Angeles City College and Sunset Junction, and adjacent to Silver Lake. The property consists of five structures and has an ideal unit mix with all one-bedrooms; all 12 units have undergone modern interior renovations with recessed lighting, new flooring, stainless steel
appliances, washers and dryers, and updated bathrooms. There is a secure, gated entrance leading into a well-kept common area courtyard and the building is separately metered for gas and electricity. Eight of the units also have private outdoor space.
This unique investment has 1920’s Hollywood Charm and is an opportunity for an investor to purchase a passive investment with strong in-place cash flow. At the asking price the property is being offered at a 5.83% CAP rate and 11.97 GRM on current income. There is also potential to further increase income by adding ADU’s (buyer to verify).
Residents benefit from access to the 101 Freeway which is an easy commute to Hollywood, Los Feliz, Silver Lake, Echo Park, and Koreatown. 4443 Willow Brook Avenue has an excellent walk score of 92 and is within walking distance to the Metro B Rail Line at the Vermont/Santa Monica station and multiple metro local lines along Santa Monica Blvd and N Vermont Ave. It is located close to many high-profile retail amenities in East Hollywood and Silver Lake such as Erewhon on Santa Monica Blvd, Sqirl, and KinKan LA, among
many others.
4443 Willow Brook Ave
Investment Highlights
- Marcus & Millichap is pleased to present 4443 Willow Brook Avenue, a 12-unit bungalow-style property located blocks from Los Angeles City College and Sunset Junction, and adjacent to Silver Lake
- Consisting of five separate structures, the property has an ideal unit mix with all one-bedrooms. Located just south of Santa Monica Blvd between N Madison Ave and N Virgil Ave
- All units have undergone modern interior renovations with recessed lighting, new flooring, stainless-steel appliances, washers and dryers, and updated bathrooms
- A secure, gated entrance leading into a well-kept common area courtyard and the building is separately metered for gas and electric; eight of the units also have private outdoor space
- Opportunity for an investor to purchase a passive investment with strong in-place cash flow; at the asking price the property is being offered at a 5.83% CAP rate and 11.97 GRM on current income
- Residents benefit from access to the 101 Freeway; central location with an easy commute to Hollywood, Los Feliz, Silver Lake, Echo Park, and Koreatown
- The subject property has an excellent walk score of 92 and is walking distance to the Metro B Rail Line at the Vermont/Santa Monica station and multiple metro local lines along Santa Monica Blvd and N Vermont Ave
- Located close to many high-profile retail amenities in East Hollywood and Silver Lake such as Erewhon on Santa Monica Blvd, Sqirl, and KinKan LA, among many others, most errands can be accomplished on foot
Exclusively Listed By
Financing By
Listing Price: $3,595,000
Investment Highlights
- Marcus & Millichap is pleased to present 4443 Willow Brook Avenue, a 12-unit bungalow-style property located blocks from Los Angeles City College and Sunset Junction, and adjacent to Silver Lake
- Consisting of five separate structures, the property has an ideal unit mix with all one-bedrooms. Located just south of Santa Monica Blvd between N Madison Ave and N Virgil Ave
- All units have undergone modern interior renovations with recessed lighting, new flooring, stainless-steel appliances, washers and dryers, and updated bathrooms
- A secure, gated entrance leading into a well-kept common area courtyard and the building is separately metered for gas and electric; eight of the units also have private outdoor space
- Opportunity for an investor to purchase a passive investment with strong in-place cash flow; at the asking price the property is being offered at a 5.83% CAP rate and 11.97 GRM on current income
- Residents benefit from access to the 101 Freeway; central location with an easy commute to Hollywood, Los Feliz, Silver Lake, Echo Park, and Koreatown
- The subject property has an excellent walk score of 92 and is walking distance to the Metro B Rail Line at the Vermont/Santa Monica station and multiple metro local lines along Santa Monica Blvd and N Vermont Ave
- Located close to many high-profile retail amenities in East Hollywood and Silver Lake such as Erewhon on Santa Monica Blvd, Sqirl, and KinKan LA, among many others, most errands can be accomplished on foot
Investment Overview
Marcus & Millichap is pleased to present 4443 Willow Brook Avenue, a 12-unit bungalow-style property located blocks from Los Angeles City College and Sunset Junction, and adjacent to Silver Lake. The property consists of five structures and has an ideal unit mix with all one-bedrooms; all 12 units have undergone modern interior renovations with recessed lighting, new flooring, stainless steel appliances, washers and dryers, and updated bathrooms. There is a secure, gated entrance leading into a well-kept common area courtyard and the building is separately metered for gas and electricity. Eight of the units also have private outdoor space. This unique investment has 1920’s Hollywood Charm and is an opportunity for an investor to purchase a passive investment with strong in-place cash flow. At the asking price the property is being offered at a 5.83% CAP rate and 11.97 GRM on current income. There is also potential to further increase income by adding ADU’s (buyer to verify). Residents benefit from access to the 101 Freeway which is an easy commute to Hollywood, Los Feliz, Silver Lake, Echo Park, and Koreatown. 4443 Willow Brook Avenue has an excellent walk score of 92 and is within walking distance to the Metro B Rail Line at the Vermont/Santa Monica station and multiple metro local lines along Santa Monica Blvd and N Vermont Ave. It is located close to many high-profile retail amenities in East Hollywood and Silver Lake such as Erewhon on Santa Monica Blvd, Sqirl, and KinKan LA, among many others.
Exclusively Listed By
Financing By
