Daniel Shamooelian Keller Williams
This listing was posted on Daniel Shamooelian Keller Williams (via ListedBuy).
$4,700,000
1042 Wilcox Ave, Los Angeles, CA 90038 - MLS 24-375697
Price:
$4,700,000
BR/BA:
10+ BA
Location:
1042 Wilcox Ave, Los Angeles, CA
Description:
Wow! We are pleased to present for sale a true value-add investment opportunity located in the heart of Hollywood. With ~58% of the building vacant, a new buyer has a fantastic opportunity to transform this residential hotel/apartment building into a Cash Cow! Known as the El Nido Hotel, the subject property consists of 38 studios with individual baths in each unit and is currently being saleed on a monthly/weekly basis. 23 of the 38 units are currently vacant giving an investor the ability to renovate these units and re-rent at market rate. Monthly sale is estimated to be in excess of $42,000/month once vacancies are filled, yielding an incredible cap rate of 7.33%! (monthly proforma of over $51,000/month in income once all units are turned over! ) The El Nido boasts a Walk Score of 95 and is in close proximity to shopping, dining, entertainment, studios, transit, and so much more! Lots of new development in the area (Tesla's new supercharging station with restaurant and movie screens opening less than a mile away! ). Do not miss this opportunity to purchase an asset with tons of upside in a phenomenal location with high saleal demand. Bankruptcy court sale, subject to overbid. Contact listing agent for more details or to schedule a showing! Still available at ListedBuy!
Property Type:
Multi-Family Residences for Sale
Sq feet:
9,880 sq. ft.
For sale by:
Agent/Broker
Agent Name:
Daniel Shamooelian Keller Williams Beverly Hills
Posted:
May 22 on ListedBuy
Visit Our Partner Website
This listing was posted on another website. Click here to open: Go to Daniel Shamooelian Keller Williams (via ListedBuy)
Important Safety Tips
These might be signs of fraud:
- Really cheap prices
- Irregular email adresses
- Contact info in pictures
To learn more, visit the Safety Center or click here to report this listing.
More About this Listing: 1042 Wilcox Ave, Los Angeles, CA 90038 - MLS 24-375697
1042 Wilcox Ave, Los Angeles, CA 90038 - MLS 24-375697 is a 10 Bathroom, 10+ BA, 38 Bathroom Multi-Family Real Estate for Sale at 1042 Wilcox Ave in Los Angeles CA. Find other listings like 1042 Wilcox Ave, Los Angeles, CA 90038 - MLS 24-375697 and listings near 1042 Wilcox Ave by searching Oodle Classifieds for 10 Bathroom, 10+ BA, 38 Bathroom Multi-Family Real Estate for Sale in Los Angeles CA.
1042 Wilcox Ave, Los Angeles, CA 90038 - MLS 24-375697 is a 10 Bathroom, 10+ BA, 38 Bathroom Multi-Family Real Estate for Sale at 1042 Wilcox Ave in Los Angeles CA. Find other listings like 1042 Wilcox Ave, Los Angeles, CA 90038 - MLS 24-375697 and listings near 1042 Wilcox Ave by searching Oodle Classifieds for 10 Bathroom, 10+ BA, 38 Bathroom Multi-Family Real Estate for Sale in Los Angeles CA.