$100K PRICE DROP! Perfect owner-user opportunity! 2021 construction modern style duplex in located West Hollywood adjacent in the heart of the Fairfax area of Los Angeles! Built by TJH, thie duplex features two 3 bedroom / 2.5 bathroom townhome units! Currently, one unit is vacant and another is rented making this the perfect owner-user opportunity! Offered at a 5.70% cap rate, 13.73 GRM and at $699/ft, this opportunity is perfect for a seasoned investor to acquire in one of the best locations in all of LA. The units offer top of the line finishes throughout and there was no stone unturned during construction. Throughout units, you will find wide plank vinyl flooring, recessed lighting, polished chrome plumbing, white shaker cabinets and white quartz countertops. The kitchen features brand new stainless steel appliances, including a Bertazzoni gas range and Frigidaire refrigerator, dishwasher and microwave. Each unit includes a 2 car garage and 2 outdoor spaces as well as in-unit laundry. The property includes solar panels that are owned and fully paid off by the developer. Tenants pay all utilities! Fairfax is a very popular destination for renters as its in close proximity to some of the best restaurants and retail in LA! It is also in close proximity to many major employment hubs! The property is subject to LA City RSO.
Property Features
Bedrooms
Bathrooms
- Total Bathrooms: 5
- Full Bathrooms: 5
Appliances
- Laundry Facilities: In Unit
- Laundry Features: In Unit
Heating and Cooling
- Cooling Features: Central
- Heating Features: Central
Interior Features
- Flooring: Vinyl Plank
- Window Features: Double Pane Windows
Land Info
- Lot Size Acres: 0.1424013
- Lot Size Source: Assessor
- Lot Size Square Feet: 6203
Garage and Parking
- Garage Spaces: 4
- Garage Description: Garage
- Parking Total: 8
Homeowners Association
- Association: No
- Calculated Total Monthly Association Fees: 0
Multi-Unit Info
- Number of Buildings: 1
- Number of Units: 2
- Unit Features: 1 BedsTotal: 3, 1 BathsTotal: 2.5, 1 SquareFeet: 16390
Rental Info
- Tenant Pays: Gas, Electric, Trash, Water
Other Property Info
- Source Listing Status: Active Under Contract
- County: Los Angeles
- Cap Rate: 5.7
- Directions: North of Melrose and West of La Brea
- Source Property Type: Residential Income
- Area: West Hollywood Vicinity
- Source Neighborhood: West Hollywood Vicinity
- Owner Pays: Gardener
- Parcel Number: 5526-004-026
- Postal Code Plus 4: 7518
- Zoning: LAR2
- Source System Name: C2C
Commercial Info
- Net Operating Income: 153958
Building and Construction
- Total Square Feet Living: 3860
- Year Built: 2021
- Builder Name: Thomas James Homes
- Building Exterior Type: Stucco
- Common Walls: Attached
- Direction Faces: East
- Levels: Two Level
- Living Area Source: Builder
- Property Age: 3
- Property Condition: New Construction
- Levels or Stories: 2
- Building Total Stories: 2
- House Style: Modern
- Year Built Source: Builder
- Architectural Style: Modern
Home Features
- Other Equipment: Microwave, Dryer, Dishwasher, Washer, Refrigerator, Range/Oven, Solar Panels