Thank you
Andrea Gressinger
KW Advisors
310-482-2200
First time on the market in 50 years, this charming traditional 4-unit apartment building is for sale. Built in 1938, this property contains a great unit mix of two (2) one-bedroom / one-bathroom units, one (1) two-bedroom / one-bathroom unit, and one (1) three-bedroom / two-bathroom unit. The two-bedroom unit features a spacious balcony off one bedroom and another balcony off the living room. This coveted neighborhood is adjacent to West Hollywood, close to La Cienega Boulevard, Melrose Place, and Melrose Avenue. This vibrant neighborhood has easy access to restaurants, coffee, shopping, and entertainment; and has a Walk Score of 92. The building and units have been owned by one person for the past fifty years and have been lovingly maintained. Residents enjoy this quiet, tranquil oasis with multiple outdoor areas brimming with beautiful flowers and trees, making this building well-known in the area. The landscaping and sprinkler system have been upgraded, and the building trim and garage doors have been recently painted. The owner has spent over $90,000 in the past 12 months, renovating a vacant unit and replacing older plumbing under the property. Each unit has a one-car garage, wall/window AC, tankless water heaters, and washer/dryer units. The vacant unit was remodeled with a new kitchen, all new appliances, carpet, and blinds. Other units have all been upgraded at various times, as two were owner residences. The tenants pay for gas, electricity, and cable. The property across the street recently replaced their garages with another unit - Let's see if there is potential here! Buyer to verify. This beautiful and well-maintained income property will provide new owners with an easy transition for a stable asset. PLEASE DO NOT DISTURB TENANTS!!
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Total Bedrooms : 7
Total Baths: 5
Full Baths: 0
Half Baths: 0
Property Appliances: Dishwasher,Refrigerator,Dryer,Washer
Wall/Window Unit(s)
Air Conditioning
Floor Furnace
Has Heating
Year Built: 1939
Building Area Total: 4,167
None
Lot Dimensions Source: Vendor Enhanced
Lot Size Acres: 0.1667
Lot Size Source: Vendor Enhanced
Lot Size Square Feet: 7262
Original List Price: 2,295,000
Listing Contract Date: 2024-05-01
Listing Agreement: Seller Reserved
Parcel Number: 5529003021
Lease Term: Negotiable
Tenant Pays: Cable TV,Electricity,Gas
Source Listing Status: Active Under Contract
Source Neighborhood: C10 - West Hollywood Vicinity
Postal Code Plus 4: 5309
Directions: 8417 Waring is about 2.5 blocks east of La Cienega Blvd. and about 1.5 blocks north of Melrose Place and Melrose Ave.
Zoning: LAR3
Source Property Type: Residential Income
Area: C10 - West Hollywood Vicinity
Property Age: 85
Year Built Source: Vendor Enhanced
Total Square Feet Living: 4167
Levels or Stories: Two
Building Total Stories: 2
Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
---|---|---|---|---|---|
1615 Blue Jay Way, Los Angeles, CA,90069 | $18,999,000 | 5 | 6 | 11,500 | 25225 Sqft |
9410 Sierra Mar Place, Los Angeles, CA,90069 | $14,150,000 | 3 | 5 | 7,217 | 11094 Sqft |
1877 Rising Glen Road, Los Angeles, CA,90069 | $14,995,000 | 4 | 5 | 8,339 | 23093 Sqft |
8469 Franklin Avenue, Los Angeles, CA,90069 | $3,875,000 | 4 | 3 | 2,585 | 6335 Sqft |
1800 N Doheny Drive, Los Angeles, CA,90069 | $9,995,000 | -- | -- | -- | 15616 Sqft |
8637 W Hillside Avenue, Los Angeles, CA,90069 | $749,000 | -- | -- | -- | 16144 Sqft |
2613 Bronholly Drive, Los Angeles, CA,90069 | $300,000 | -- | -- | -- | 4600 Sqft |
1380 Mockingbird, Los Angeles, CA,90069 | $39,950,000 | 6 | 7 | 14,000 | 67115 Sqft |
1017 N Croft Avenue #301, Los Angeles, CA,90069 | $1,749,000 | 2 | 2 | 1,392 | 10000 Sqft |
1220 Sunset Plaza Drive, Los Angeles, CA,90069 | $50,000,000 | 6 | 6 | 11,412 | 100078 Sqft |
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ByOwner last updated this listing 05/17/2024 @ 19:48
MLS: 24385329
LISTED BY: Andrea Gressinger, KW Advisors
SOURCE: CRMLS
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.