8571 Rugby Dr with 54% upside


8571 Rugby Dr, West Hollywood, CA 90069

Property Description

The Davis Saadian Group | Aaron Kirman Group are pleased to offer the opportunity to acquire this value-add 4-unit multifamily investment, located in prime West Hollywood. Great current cash flow at a 3.7% Cap Rate and 19x GRM with an incredible 54% potential upside to a 9.5% Cap Rate and 8.5x GRM. The site currently has two (2) garages that have excellent ADU potential to further increase cash flow and yield higher returns.Built in 1924, the property is comprised of four (4) one-bedroom + one-bathroom units, with a square footage of 2,448 on a 6,693-square foot lot. The property has updated copper plumbing, updated electrical system, remodeled bathrooms, kitchens, and all units feature in-unit laundry.This unique property is located on a charming and quiet street in the Tri-West area of West Hollywood. Residents are within walking distance to some of LosAngeles' most sought-after dining, retail and entertainment.

PLEASE NOTE THE FOLLOWING: 1) DO NOT DISTURB THE TENANTS. 2) Submit Offer on a CAR Residential-Income Purchase Agreement. 3) Interior Inspection/Books & Records Granted with an Accepted Offer. 4) Submit Proof of Funds & Pre-Qualification Letter with Offer. 5) Seller Selects all Services Disclaimer: All information has been secured from sources we believe to be reliable. However, we make no representation or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information above and bears all risk for any inaccuracies.

Key Property Information

Listing Status
Listing Type
Highest & best offer
Multifamily type
2-4 Units
$ 1,995,000
No. of Units
Year Built
Year Renovated
Building Size
2,448 Sq ft
Lot Size
6,693.00 sq ft
No. of Stories
Opportunity Zone
Price per unit
$ 498,750
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34.087441, -118.378266

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