Brand new construction in the heart of Los Angeles (Hollywood). Vacant, expansive construction, of 6 units (5 + ADU), with open floor plans, four of the units have 4 bedrooms, two units with 5 bedrooms, all separately metered (gas, electric, and water) — significant reduction in utilities for the owner. Premium appliances with in unit washer/dryer, on site parking, central location near intersection of 101 and Melrose Ave. Priced at below $700k per unit, with ability to achieve market rents from day one. Over 5% cap rate, over 10% IRR, and short term seller financing also available. Enhanced by Haylen Group’s CCIM-driven insights, investors gain a detailed analysis of the market trends, financial forecasts, and ability for continued growth. Ideal for those seeking an opportunity to achieve stabilization almost immediately in one of the densest markets in California. Invest with confidence as Haylen Group guides you through every step, maximizing your investment potential with expert advice and comprehensive support.
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High-Yield 2024 New Construction with Impressive 6.07% Cap Rate
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