1253 Havenhurst Drive

West Hollywood, CA 90046

$21,900,000
Price
2
Beds
79
Baths
38,688 Sq. Ft.
$566 / Sq. Ft.
38,688
Sq. Ft.
$566
per Sq. Ft.

Description

Assumable loan of $11,227,000 at 3.2% fixed until 5/1/28. The loan has a value of over $1,350,000 compared to a new loan at 6.2%. Significant (33%) upside in rents. 12.6 x Gross & 4.9% Cap with existing rents; 9.5 x Gross & 7.6% Cap with rents at market. 6.8% return on down payment at closing; 12.2% return with rents at market. Seller has renovated 50% of the units and common areas at a cost of over $1,070,000. Controlled access, pool, gated parking.Assumable loan of $11,227,000 at 3.2% fixed until 5/1/28. The loan has a value of over $1,350,000 compared to a new loan at 6.2%. Significant (33%) upside in rents. 12.6 x Gross & 4.9% Cap with existing rents; 9.5 x Gross & 7.6% Cap with rents at market. 6.8% return on down payment at closing; 12.2% return with rents at market. Seller has renovated 50% of the units and common areas at a cost of over $1,070,000. Controlled access, pool, gated parking.
  1. Listed by Hamid Soroudi • DRE #00708618 • Brokerage DRE #01425795 • Keller Williams Beverly Hills

Property Details for 1253 Havenhurst Drive

Zoning
WDR4*
Parcel Number
5554016006
Total Units
79.0
Living Area
38688
Source Living Area
Vendor Enhanced
Area
West Hollywood Vicinity (C10)
Vacancy Rate
3
Lot Size Area
30399

Location

Listing Courtesy of Keller Williams Beverly Hills, Hamid Soroudi, DRE #00708618
Add your commute
LISTING UPDATED: 04/23/2024 02:41 PM

Property Details for 1253 Havenhurst Drive

StatusActive
MLS #24-371159
Days on Market42
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1956
Lot Size0.70 AC / 30,399 SF
CountyLos Angeles County

Location

Listing Courtesy of Keller Williams Beverly Hills, Hamid Soroudi, DRE #00708618
Add your commute

Building Information for 1253 Havenhurst Drive

Stories2Residences-Year Built1956Building Size-Lot Size0.70 AC / 30,399 SF

Payment Calculator

$139,967 per month

30 year fixed, 7.25% Interest

Principal and Interest

$119,517

Property Taxes

$20,450

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1253 Havenhurst Drive

Community / Development
Community / Development
  • Number Of Units: 79
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: S/1
Contract Info
Contract Info
  • Disclosures: None
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $1,686,470
  • Net Operating Income: $1,080,348.00
  • Gross Income: $1,737,464
  • Cap Rate: 4.90%
  • Gross Rent Multiplier: $12.60
  • Total Annual Expense: 606122
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.6979
  • Lot Size Square Feet: 30399
Parking Details
Parking Details
  • Parking Garage: Community Garage
  • Total Parking: 75
  • Covered Parking: 75
  • Parking Features: Community Structure
Interior Features
Interior Features
  • Levels: Two
  • Cooling Type: Wall Unit(s)
  • Heating Type: Other
  • Equipment: Other
Exterior Features
Exterior Features
  • Pool: Yes
  • Private Pool: No
  • Pool Description: Community
  • Pool Features: Community
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 03-20-2024
  • Rent Control: Yes
Unit Details
Unit 1 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,793.00
  • Unit Actual Rent: $1,793.00
  • Unit Projected Rent: $2,400.00
  • Like Units: 79
Unit Details
  • Unit Type Type: 2106
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $3,870,288.00
  • Assessed Improvement Percent: 20.0
  • Assessed Land Value: $15,481,152.00
  • Assessed Land Percent: 80
  • Assessed Total Value: $19,351,440.00

Property History for 1253 Havenhurst Drive

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1253 Havenhurst Drive

Taxable ValueLand$15,481,152Additions$3,896,813Total$19,377,965
Tax Record2023$245,398 ($20,450 / month)
Home Facts
Total Finished SqFt38,688 SqFtAbove Grade Finished SqFt38,688 SqFtLot Size30,390 SqFtStyleMulti-Family Res (5+ Units)Year Built1956ZoningWDR4*CountyLOS ANGELESAPN5554-016-006

Schools near 1253 Havenhurst Drive

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 8
Public - 9 to 12
Public - 7 to 12
Public - 9 to 12
Rating
School
Distance
Laurel Elementary School
PublicK to 8

Fairfax Senior High School
Public9 to 12

West Hollywood Opportunity School
Public7 to 12

Whitman Continuation School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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1253 Havenhurst Drive is a multi-family home for sale in West Hollywood, CA 90046. This property was listed for sale on March 18, 2024 by Keller Williams Beverly Hills, it's currently listed at $21,900,000. It has been on the market for a total of 42 days and was last sold on November 30, 2020. This listing's school district is Los Angeles Unified School District. Nearby schools include Laurel Elementary School, Fairfax Senior High School and West Hollywood Opportunity School. 1253 Havenhurst Drive is a 2-bed, 79-bath, 38,688 sqft multi-family home built in 1956.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Keller Williams Beverly Hills, Hamid Soroudi, DRE #00708618

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.