617 N Orange Dr 20BR Hancock Park La
| Website: | https://www.nestseekers.com/5329985 |
|---|---|
| Address: | 617 N Orange Dr LOS ANGELES, CA 90036 |
| Ownership: | For Sale |
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| Bedrooms: | 20 BR |
| Bathrooms: | 20 |
| Area: | 13377 sq ft |
| Lot Size: | 0.3 Acres |
Financials
Price:$5,250,000
Description
20-unit Los Angeles multifamily opportunity featuring 2.69% interest-only assumable financing through December 2030. The property offers strong in-place income with an approx. cash on cash return above 6.7%, a 12.31 GRM and 4.49% cap rate, equating to approximately $262,500 per unit and $350 per square foot. Comprised entirely of one-bedroom, one-bath units, the asset is well positioned in a supply-constrained rental submarket with consistent demand. Built in 1964, the property provides operational scale and value-add potential through interior renovations. Favorable assumable financing enhances cash flow and reduces acquisition financing risk.
271 North Canon Drive Beverly Hills, CA 90210 Phone: +1 310-280-8983 Fax: +1 310-362-0351 | |
| Listing Courtesy of Miller & Desatnik Realty Co. | |
