7706 Hollywood & 1645 Courtney | Los Angeles, CA

SALE PRICE: $5,200,000

PRICE/UNIT: $236k          PRICE/SF: $296                  GRM: 9.19                 CAP RATE: 7.05%

TRANSACTION HIGHLIGHTS

• 13 UNITS Delivered Vacant at the Close of Escrow!

• FIRST time properties sold in over 50 years.

• 17 TOTAl offers submitted - seller accepted an all cash - non contingent as is offer

• FANTASTIC Hollywood location steps away from Runyon Canyon Park

• PROPERTIES are situated in one of the trendiest neighborhoods in Los Angeles adjacent to West Hollywood

• 88 WALK SCORE close proximity to an array of fine dining, shopping, entertainment & nightlife options that Hollywood has to offer

• EXCELLENT Unit Mix consisting of Six 2 bedroom/1 bathroom, fourteen 1 bedroom/1bathroom, and two studio units very desirable for today’s market

• PROPERTIES situated on a large 20,307 sf lot split between two parcels to prevent ULA tax for a potential exit strategy.

• Buyer + Seller represented by Michael Monempour