8571 Rugby Dr (Off Market)

For Sale, USD 1,995,000


8571 Rugby Dr,

Property Type : Other Residential

Property Style : N/A

Build Size : 2,448 ft² / 227 m²

Land Size : N/A

Bedroom : 4

Bathroom : 4

Half Bathroom : 0

MLS#: 2303242032591460


Property Description

We 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 increase cash flow further 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, an updated electrical system, and 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 of some of Los Angeles' most sought-after dining, retail, and entertainment.
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8571 Rugby Dr, United States,California,West Hollywood is a 2,448ft² West Hollywood luxury Other Residential listed for sale USD 1,995,000. This high end West Hollywood Other Residential is comprised of 4 bedrooms and 4 baths. Find more luxury properties in West Hollywood or search for luxury properties for sale in West Hollywood.