8571 Rugby Dr

We are pleased to offer the opportunity to acquire this value-add 4-unit multifamily investment located in prime West Hollywood. Great current cash flow at a 3.7% Cap Rate and 19x GRM with an incredible 54% potential upside to a 9.5% Cap Rate and 8.5x GRM. The site currently has two (2) garages that have excellent ADU potential to increase cash flow further and yield higher returns. Built-in 1924, the property is comprised of four (4) one-bedroom + one-bathroom units, with a square footage of 2,448 on a 6,693-square-foot lot. The property has updated copper plumbing, an updated electrical system, and remodeled bathrooms, kitchens, and all units feature in-unit laundry. This unique property is located on a charming and quiet street in the Tri-West area of West Hollywood. Residents are within walking distance of some of Los Angeles’ most sought-after dining, retail, and entertainment.