For sale 7 units apartment building located in one of the most desirable parts of West Hollywood, California. For more information contact the listing agent, Michael Monempour michael.monempour@kidder.com C 310.270.8423

Posted: 12/20/2021 10:30 am | On HOMEiZ: 864 days | Updated: 2 years ago | Views: 438

Location Map

Property Type

Property status

Sold

Property Price

Asking Price

$2950000

Last Sold Price

$2950000

Last Sold Date

12/17/2021

Total Lot Size

5,500.00 Sq. Ft.

Asking Price per Sq. Ft.

$427

Total Building Size Sq. Ft.

6916

Commission Split %

2.5%

Cap Rate %

3.9%

Gross Annual Income

Net Operating Income

$115050

Gross Rent Multiplier

16.38

Annual Property Tax Rate for this property

1.25%

Property tax total amount

$36875

Property Location & Description

Listing Headline

For sale 7 units apartment building located in one of the most desirable parts of West Hollywood, California. For more information contact the listing agent, Michael Monempour michael.monempour@kidder.com C 310.270.8423

Rent control

Rent Control

Property Description

Situated on a 5,500 SF lot, the property consists of 6,916 SF and features one (1) studio, two (2) One-Bedroom/One-Bathroom, and four (4) Two-Bedroom/Two-Bathroom units. The property will be delivered with a vacant two-bedroom unit.

Location Description

Located within close proximity to world-famous shopping, dining, and entertainment venues. Residents enjoy being within walking distance to everyday amenities, while also having convenient access to the 101 Freeway, offering them easy accessibility to many popular employment centers throughout Los Angeles, including West Hollywood, Hollywood, Beverly Hills, and Century City.

No. of Units

Price per Unit

$421429

Units Mix

No.

Description

No. Units

Sq. Ft.

Avg. Mo. Rent

Studio / 1 Bath

$1595

1+1

$1800

2+2

$2252

APN / Parcel ID

5528-015-042

Zoning

WDR3C

Occupancy %

100%

Construction Type

Wood & Stucco

No. Stories

Year Built

1971

Overall Property Condition

Good

Highlights

Prime West Hollywood Location

Close Proximity to Desirable Shopping Centers, High-Class Dining and Entertainment Venues

Features Nine (9) Individual Parking Spaces

Generational Opportunity - First Time on Market in 35 Years

Exceptionally Large Floor Plans - Average Size over 900 Square Feet

Soft-Story Seismic Retrofit Completed

Property Information

Sewer

Type of Sewer

Sewer System (Public)

Parking

Parking type

On-street

Assigned Parking

# of Covered Parkings

Investment Overview

Type of use

Investor

Energy Efficiency

Energy Star Certified

How old is you cooling and heating system?

No Data

Efficiency rating

N/A

R-value

N/A

Windows single-pane?

Natural daylight

Appliances energy efficient

Roof

Neighborhood lifestyle

Lifestyle

New Urban

More information

MLS URL of this listing to link to your own site or brokerage site

Listing Info

Listing ID: 2991

Sold

For Sale

$2,950,000

Listing Presented by

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617 North Sweetzer Avenue . Central LA , CA 90048