Lease ending in 2025 under West Hollywood RSO with a 3-year personal guarantee from current tenant at $22,500/month. Minimum cap rate of 5.5% with allowable annual increases matching the CPI. Tenant is responsible for all expenses except property taxes, not reflected in the monthly rent. Pride of ownership compound consists of a 3+3 single-family residence and detached 2+1 stacked duplex. Triplex structure is separated by an enormous pool. Compound is gated with parking for 6. Located across from the Edition Hotel with units that sold over $2,000/sq ft and six luxury commercial projects within a 1/4 mile radius. APN includes 2 addresses, 9024 Harratt and 9026 Harratt. Please email LA1 for Offering Memorandum including Tenant details.
Based on information from California Regional Multiple Listing Service, Inc. as of March 6th, 2019 at 5:36pm PST. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.