6740 Brynhurst Avenue Los Angeles, CA 90043-
BRAND NEW CONSTRUCTION (NON RENT CONTROLLED APARTMENT BUILDING) at under $300 per Sq. ft. in booming neighborhood of RAMS Stadium. Only 3 min walk from new Florence/West LA metro station. Instant equity for buyer, (appraised for $4,970,000 by Lender for refinance on 02/06/2020). Certificate of Occupancy has been received in November 2019 and all the units has been rented. With Actual rents and expenses, this is available at actual CAP of 5.22 and GRM of 13.94. Seller is currently under refinance process for non-recourse assumable loan for 3,095,000 which will be transferred to buyer and buyer will have to bring in only difference for equity. There are total 12 very spacious unit - 9 units are 3 Bed/2 bath ranging from 1150 to 1350 sq. ft. , 2 units are 2 bed/2 bath at 950 sq. ft and one unit is 1 Bed/1 Bath on ground floor. Every unit comes with it's own private balcony and covered Reserved parking. Out of this, 2 units are reserved for affordable housing. Building has Recreational room and onsite Laundry.
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