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Multifamily

11617 Archwood St

11617 Archwood St, Los Angeles, CA 91606

Listing Price: $995,000

Cap Rate
4.33%
Number of Units
4
Occupancy
100.0%
Price/Unit
$248,750
Price/Gross SF
$524.79
Gross SF
1,896

Investment Overview

Marcus and Millichap is pleased to present the opportunity to acquire a 4-unit asset located In the desirable apartment community of North Hollywood. Over the past decade, North Hollywood has undergone a radical transformation into a dynamic environment that is attracting a wave of young, well-educated and high-wage earning residents. This 4- unit complex is located on a gated and fenced corner lot and offers strong in-place rents and 100% rent collection. There are no seismic retrofit expenses, rents can immediately be increased post-Covid, and financing on this asset will include 30-year fixed rates. The convenient location and desirable unit mix of this asset offer a Value-Add opportunity that is well suited for strong returns over the investment period.

Investment Highlights

  • Four units located in the desirable North Hollywood rental market
  • Property is located on a Corner lot
  • Gated and Private, Eight (8) Parking Spaces
  • Ideal unit mix of 2 Two Bedroom/One Bath, and 2 One Bedroom/One Bath Apartments
  • Strong in-place rents with considerable upside
  • 100% Rent Collection
  • Property qualifies for 30-year Fixed rate financing
  • Value-Add Investment

Exclusively Listed By

Listing Price: $995,000

Cap Rate
4.33%
Number of Units
4
Occupancy
100.0%
Price/Unit
$248,750
Price/Gross SF
$524.79
Gross SF
1,896

Investment Highlights

  • Four units located in the desirable North Hollywood rental market
  • Property is located on a Corner lot
  • Gated and Private, Eight (8) Parking Spaces
  • Ideal unit mix of 2 Two Bedroom/One Bath, and 2 One Bedroom/One Bath Apartments
  • Strong in-place rents with considerable upside
  • 100% Rent Collection
  • Property qualifies for 30-year Fixed rate financing
  • Value-Add Investment

Investment Overview

Marcus and Millichap is pleased to present the opportunity to acquire a 4-unit asset located In the desirable apartment community of North Hollywood. Over the past decade, North Hollywood has undergone a radical transformation into a dynamic environment that is attracting a wave of young, well-educated and high-wage earning residents. This 4- unit complex is located on a gated and fenced corner lot and offers strong in-place rents and 100% rent collection. There are no seismic retrofit expenses, rents can immediately be increased post-Covid, and financing on this asset will include 30-year fixed rates. The convenient location and desirable unit mix of this asset offer a Value-Add opportunity that is well suited for strong returns over the investment period.

Exclusively Listed By

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