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Multifamily

The Siegel

6708 Willoughby Ave, Los Angeles, CA 90038

Listing Price: $2,490,000

Cap Rate
3.00%
Number of Units
7
Occupancy
100.0%
Price/Unit
$355,714
Price/Gross SF
$396.50
Gross SF
6,280

Investment Overview

Marcus & Millichap is pleased to present a 7 Unit Offering in one of the best Hollywood Locations surrounded by multi-million dollar homes, new developments, shops, dining, and entertainment. The subject property was built in 1924 and features (3) 2 Bedroom / 1 Baths and (4) 1 Bedroom / 1 Bath. The Seller will deliver this Offering with RTI plans for an additional Studio unit that would add massive upside in rental potential and lower cost basis metrics. A future investor can also confirm the ability to add another ADU, which may potentially bring the total unit count to 9 Units. The interior of the units have unique character and have been very well maintained. The units that have been renovated have excellent finishes making them competitive with newer construction units in the area. The building offers additional income from parking and garages that are currently leased as store units.

Investment Highlights

  • Delivered With RTI Plans for Additional ADU Unit Adding Massive Upside Potential. Upside can be Accessed Immediately! Potential for another ADU would Make this a 9 Unit Offering(**Buyer to Verify)
  • Excellent Hollywood Location Surrounded By Multi-Million Dollar Homes and Walking Distance to Fine Dining, Shops, and Entertainment
  • Building Very Well Maintained and Interior of Units have Tons of Character. Excellent Finishings in Units that Have been Recently Renovated
  • Additional Income from Garage and Parking
  • Massive Upside in Rental Potential

Exclusively Listed By

  • Peter James

    First Vice President Investments

    (310) 909-2305

    Email Peter

    License(s): CA: 01748556

    West Los Angeles

  • Rob Narchi

    Senior Managing Director Investments

    (310) 909-5426

    Email Rob

    License(s): CA: 01788517, CA: 01324570

    West Los Angeles

Financing By

Listing Price: $2,490,000

Cap Rate
3.00%
Number of Units
7
Occupancy
100.0%
Price/Unit
$355,714
Price/Gross SF
$396.50
Gross SF
6,280

Investment Highlights

  • Delivered With RTI Plans for Additional ADU Unit Adding Massive Upside Potential. Upside can be Accessed Immediately! Potential for another ADU would Make this a 9 Unit Offering(**Buyer to Verify)
  • Excellent Hollywood Location Surrounded By Multi-Million Dollar Homes and Walking Distance to Fine Dining, Shops, and Entertainment
  • Building Very Well Maintained and Interior of Units have Tons of Character. Excellent Finishings in Units that Have been Recently Renovated
  • Additional Income from Garage and Parking
  • Massive Upside in Rental Potential

Investment Overview

Marcus & Millichap is pleased to present a 7 Unit Offering in one of the best Hollywood Locations surrounded by multi-million dollar homes, new developments, shops, dining, and entertainment. The subject property was built in 1924 and features (3) 2 Bedroom / 1 Baths and (4) 1 Bedroom / 1 Bath. The Seller will deliver this Offering with RTI plans for an additional Studio unit that would add massive upside in rental potential and lower cost basis metrics. A future investor can also confirm the ability to add another ADU, which may potentially bring the total unit count to 9 Units. The interior of the units have unique character and have been very well maintained. The units that have been renovated have excellent finishes making them competitive with newer construction units in the area. The building offers additional income from parking and garages that are currently leased as store units.

Exclusively Listed By

  • Peter James

    First Vice President Investments

    (310) 909-2305

    Email Peter

    License(s): CA: 01748556

    West Los Angeles

  • Rob Narchi

    Senior Managing Director Investments

    (310) 909-5426

    Email Rob

    License(s): CA: 01788517, CA: 01324570

    West Los Angeles

Financing By

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