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$4,500,000
Est. payment /mo
0.39 Acres Lot
UPDATED:
Key Details
Property Type Single Family Home, Multi-Family
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID SB25227996
HOA Y/N No
Year Built 1962
Lot Size 0.393 Acres
Property Sub-Type Mixed Use
Property Description
Incredible 14 unit Trophy Asset being offered below replacement cost and well below the market on price per foot. All units are oversized and offer private balconies and patios as well as a on-site pool. Located in the highly desirable location of Playa Del Rey or tech hub, Silicon Beach, this property not only has on-site amenities but has the advantage of being steps from LuLu's place. Lulu's place is a state of the art sports facility offering free access to Tennis Courts, Pickleball, Volleyball, Soccer Fields, and more. Tenants will have their own private country club in their backyard.
The Haywood Apartments are not only in one of the most desirable pockets of Los Angeles, but can be acquired at a 5% Cap Rate and a sub-12 GRM with 55% rental upside. This asset is well maintained and recently had it's Soft Story Retrofit completed as well as a brand new roof. To add to this property's desirability, The Haywood also has the most ideal unit mix with nine 2-bed and 2-bath units, and four 1-bed and 1-bath units, and just one 3-bed and 3-bath unit. The Haywood apartments just get better and better. Do not miss your opportunity to own a well-maintained Trophy Asset in an A+ location with 55% upside in value being offered under current indicators.
The Haywood Apartments are not only in one of the most desirable pockets of Los Angeles, but can be acquired at a 5% Cap Rate and a sub-12 GRM with 55% rental upside. This asset is well maintained and recently had it's Soft Story Retrofit completed as well as a brand new roof. To add to this property's desirability, The Haywood also has the most ideal unit mix with nine 2-bed and 2-bath units, and four 1-bed and 1-bath units, and just one 3-bed and 3-bath unit. The Haywood apartments just get better and better. Do not miss your opportunity to own a well-maintained Trophy Asset in an A+ location with 55% upside in value being offered under current indicators.
Location
State CA
County Los Angeles
Area C31 - Playa Del Rey
Interior
Fireplace No
Laundry Common Area
Exterior
Carport Spaces 14
Pool Private
Community Features Suburban
Total Parking Spaces 14
Private Pool Yes
Building
Lot Description 0-1 Unit/Acre
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 4118010041
Acceptable Financing Cash, Cash to New Loan, Conventional, 1031 Exchange
Listing Terms Cash, Cash to New Loan, Conventional, 1031 Exchange
Special Listing Condition Standard
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Listed by Cameron Samimi Lyon Stahl Investment Real Estate, Inc.
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