Property Details

Price $2,995,000

Year Built 1923

# of Units 4

Price P/ Unit $748,750

Sq. ft. 4,186 SF

Price p/ Sq. ft. $715

Current Cap Rate 4.63%

Proforma Cap Rate 7.07%

Lot Size 8,705 SF

Zoning LARD2

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About the Property

Kenny Stevens Team is pleased to present 893 N. Occidental, featuring 4 meticulously renovated 2-bdrm. units with approved plans for (2) 2-bdrm. ADUs. Located just South of Sunset Blvd and 1.5 miles from Sunset Junction, this charming Spanish-style fourplex is in the heart of a trendy and vibrant community and offers residents a short commute to a wide array of beloved hotspots along Sunset Blvd.  Each charming and meticulously renovated unit perfectly combines Spanish-style architecture with modern amenities. These bright and spacious units feature hardwood flooring, quartz countertops, stainless-steel appliances, multiple wall-unit A/Cs and an in-unit washer in dryer. Please note, the property comes with approved plans and permits for (2) 2-bdrm. units. Located in the heart of a rental market under constant demand by high-income young professionals, 839 N. Occidental presents investors with the unique opportunity to acquire a turnkey asset with significant financial upside.

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