*Price Reduced by $500,000***Assumable loan of $7,850,000 at 4% interest only, 2 years remaining ** Cash on cash return = 4.7% with assuming this loan**Zacuto Group is pleased to present the opportunity to acquire a 1987 construction 30 unit multifamily property, which is not subject to Los Angeles Rent Stabilization Ordinance (LA Rent Control). This is a unique opportunity to acquire a well maintained Hollywood asset with significant rental upside and a potential to convert loft space to additional bedrooms (buyer to verify). Property can be delivered with 5 vacant units. The Hillpointe Apartments offers an attractive mix of amenities including central HVAC, in-unit laundry within 21 of the units, an upgraded fitness center, laundry room, common lounge areas, landscaped grounds and gated garage parking. The property is centrally located with fantastic proximity to all the nightlife, concert venues, renowned restaurants, and coffee shops that Hollywood has to offer.
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Data last updated: Aug 08, 2020 4:25am
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