523 GLENROCK AVE

Estimated Monthly Payment: $22,322/mo 523 GLENROCK AVE, Los Angeles, CA 90024 MLS# 17297070 Residential Income Listing Status: Pending
7,862 sqft
66
0
0
0

REMARKS:

A rare offering in Westwood's North Village, 523 Glenrock represents an incredible opportunity to own in one of LA's most in-demand rental markets. Consistent student tenant turnover and an extremely supply-constrained market combine to yield some of the highest rent/SF numbers found in the City. 523 Glenrock features fantastic in-place income with significant rental upside potential. With a low gross rent multiplier of 19.02, 523 Glenrock is not only a fantastic long-term hold, but a viable immediate cash flow option. Units are mostly original, meaning a focused renovation plan could produce materially higher income and a higher cap rate in relatively short order. The large 8, 132 SF lot is zoned [Q]R4-1VL, which also provides a buyer the potential to develop or sell for land value in the future.

OVERVIEW:

17-297070:CLAW
Residential Income
Pending
Westwood - Century City
1948
7862
Carport
12
Wall Heater
Wall Unit(s), Other

FEATURES:

Refrigerator
Range

FINANCIAL:

$4,895,000
$257,436

Broker Reciprocity Courtesy of Robert Renshaw - Remax Commercial & Investment Realty

 

 

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Data last updated: 02/22/2018