Active
$2,695,000
4 Units
6 Beds
6 Baths
3,400 Area(sq.ft.)
6,718 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 1 | 2 | 2 | No | $ 4,500 | $ 4,500 | $ 5,100 |
| Unit 2 | 1 | 2 | 2 | No | $ 3,348 | $ 3,348 | $ 3,700 |
| Unit 3 | 1 | 1 | 1 | No | $ 2,041 | $ 2,041 | $ 2,800 |
| Unit 4 | 1 | 1 | 1 | No | $ 1,893 | $ 1,893 | $ 2,400 |
| 4 | 4 | 6 | 6 | $ 11,782 | $ 11,782 | $ 14,000 |
| MLS #: | SR24121672MR |
| Days On Market: | 138 |
| County: | Los Angeles |
| Property Type: | Residential Income |
| Price per ft2: | $ 793 |
| Price per unit: | $ 673,750 |
| Year Built: | 1928 |
Property Details
Exceptional investment opportunity nested in the prestigious Hills of West Hollywood. This unique income producing property is north of world famous Sunset Blvd (Sunset Strip) and features (4) four distinct fully rented units on a 6,718 Square feet R4 zoned lot, offering unparalleled potential for continued rental income or redevelopment. The Unit mix consists of One 2+2+Den, One 2+1.5, One 1+1+Den and one 1+1 units. This income producing property presents an investor with an exceptional rate of return based on the location of the property. The potential for redevelopment is immense, given its desirable location, breathtaking views and expansive lot size. Whether you envision modern luxury condos, exclusive high-end townhomes or apartments, the possibilities with this property are endless. The area is a hot bed for redevelopment. This property boasts stunning views based on the elevation of the lot, serene surroundings with well kept properties, and easy access to the vibrant heart of West Hollywood, Los Angeles and Beverly Hills. The subject property is right below the coveted Bird streets and Trousdale Estates which feature homes in the tens of millions of dollars. Sunset Boulevard in West Hollywood is a dynamic mix of culture, entertainment, and luxury, making it a must-visit destination in Los Angeles. Some of the highlights of the Sunset Strip in West Hollywood include iconic destinations such as The Roxy Theater, The Viper Room, Chateau Marmont, The Comedy Store, Sunset Plaza, Whiskey A Go Go and the Skybar at Mondrian. This is an incredible opportunity to any astute investor to acquire a generational property that should only keep appreciating with time. Location! Location! Location! Show moreInterested in this Listing?
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Income Details
| Rent Control: | Yes |
| Total Annual Expense: | $ 43,090 |
| Net Operating Income: | $ 94,052 |
Structure
| Community Features: | Mountainous, Urban |
| Sewer: | Public Sewer |
| Water: | Public |
Land & Parking
| Zoning: | WDR4* |
| Land Lease Type: | Fee |
Interior
| AC/Cooling: | Central, Wall/Window Unit(s) |
| Laundry: | Other |
Exterior
| Pool: | No |
| Roof: | Composition, Shingle |
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