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Updated almost 6 years ago,
Need some opinions about this value add deal
Hello, I would love to hear some opinions from you guys about this value add multi family deal in Beverly Hills for those who know the area.
341s elm dr.
6896 sqft, 6 units
2 3/2 rented for 2780 and 2600 a month
2 2/2 rented for 2110 and 2040
1 1/1 bot rented for +- 1500
Bed/bath
Owner asking: 3250000
Gross income: 138410
Expenses: 39419
Property tax: 18849
NOI: 80142
The building needs a few updates to bring the rent to market price.
I could be a redevelopment opportunity too.