Thank you
Alexander Yerekhman
Century 21 Hollywood
818-342-3425
Huge 250k Price Reduction! Once in a lifetime, 100% Vacant & Renovated 13 Units in West Hollywood cash flowing at an incredible 5.75% Cap Rate and 12.7 GRM. Priced at only 480k/door for units that have been completely remodeled from the studs with permits and boast a high-end aesthetic with new modern cabinets, flooring, recessed lighting, new bathrooms, new Mini Split AC systems, stainless steel appliances, washer/dryer inside, as well as major exterior capital improvements. On top of that, all the major systems have been updated including roof, electrical, plumbing, windows, HVAC, soft-story, etc. The unit mix provides unparalleled versatility with 5 (2bed/1bath) units, 6 (1bed/1bath) units, and 2 (studio/1bath) units. Each unit is individually metered for gas and electricity, ensuring convenience and efficiency. Potential for short-term vacation rental (Airbnb & Vrbo), longer-term furnished rentals, and government master leases to maximize income even further. Excellent West Hollywood location minutes from The Grove, Sunset Strip, and Beverly Hills.
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Water Source : Public
Sewer : Public Sewer,None
Year Built: 1955
Building Area Total: 6,888
None
Washer Hookup,Stacked
Lot Dimensions Source: Vendor Enhanced
Lot Size Acres: 0.1489
Lot Size Source: Assessor
Lot Size Square Feet: 6487
Original List Price: 6,250,000
Listing Contract Date: 2024-02-27
Listing Agreement: Exclusive Right To Sell
Parcel Number: 5530018026
Lease Term: Negotiable
Source Listing Status: Active
Source Neighborhood: C10 - West Hollywood Vicinity
Postal Code Plus 4: 6437
Directions: South of Santa Monica Blvd
Zoning: WDR3C*
Source Property Type: Residential Income
Area: C10 - West Hollywood Vicinity
Property SubType: Apartment
Property Age: 69
Common Walls: 2+ Common Walls
Structure Type: Apartment
Year Built Source: Assessor
Entry Level: 1
Entry Location: 1
Property Attached: Yes
Levels or Stories: Two
Building Total Stories: 2
Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
---|---|---|---|---|---|
Grandview Drive, West Hollywood, CA,90046 | $189,000 | -- | -- | -- | 4830 Sqft |
918 N La Jolla Avenue, West Hollywood, CA,90046 | $5,275,000 | 4 | 4 | 3,566 | 6110 Sqft |
1316 Havenhurst Drive, West Hollywood, CA,90046 | $6,950,000 | 28 | -- | 17,374 | 15571 Sqft |
1356 N Ogden Drive, West Hollywood, CA,90046 | $4,250,000 | 4 | 2 | 2,810 | 9386 Sqft |
937 N Spaulding, West Hollywood, CA,90046 | $1,975,000 | 3 | -- | 1,900 | -- |
7611 Hampton Avenue, West Hollywood, CA,90046 | $1,790,000 | 3 | 2 | 1,248 | 6795 Sqft |
1345 N Hayworth Avenue .., West Hollywood, CA,90046 | $389,000 | -- | 1 | 446 | 45423 Sqft |
1253 N Orange Grove Ave.., West Hollywood, CA,90046 | $2,445,000 | 7 | 4 | 2,965 | 6922 Sqft |
1253 N Orange Grove Ave.., West Hollywood, CA,90046 | $2,445,000 | 7 | 4 | 2,965 | 6922 Sqft |
1029 N Orange Grove Ave.., West Hollywood, CA,90046 | $2,149,000 | 4 | 4 | 2,622 | 6395 Sqft |
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ByOwner last updated this listing 05/16/2024 @ 10:43
MLS: SR24040462
LISTED BY: Alexander Yerekhman, Century 21 Hollywood
SOURCE: CRMLS
Buyer Agency Compensation: 2.5%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.