1204 N Clark ST West Hollywood , CA 90069
Active
$2,495,000
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 | $ 4,635 | $ 4,635 | $ 5,200 |
| 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 | $ 11,917 | $ 11,917 | $ 14,100 |
| MLS #: | SR24221483MR |
| Days On Market: | 38 |
| County: | Los Angeles |
| Property Type: | Residential Income |
| Price per ft2: | $ 734 |
| Price per unit: | $ 623,750 |
| Year Built: | 1928 |
Property Details
Location! Location! Location! Income producing property located north of world famous Sunset Blvd (Sunset Strip) with Views. The features (4) four distinct fully occupied 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. Surrounded by Multi million dollar homes, the front 2 bed + 2 bath unit has a den/bonus room, large front patio, in unit laundry, rear balcony, dining area, central HVAC, spacious kitchen and city views, making it perfect for a 'possible' owner-user unit. The property is currently fully occupied with month to month tenants. The potential for Redevelopment is also immense with the R4* zoning, A+ Location, Breathtaking views and Expansive Lot Size. Whether you envision modern luxury condos, exclusive high-end townhomes or multi-family apartments, the possibilities with this property are endless. The area is a hot bed for redevelopment. This subject property boasts stunning views, serene surroundings and is located close 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 Soho House, The Roxy Theater, The Viper Room, Chateau Marmont, The Comedy Store, Skybar at Mondrian and Iconic hotels including 1 Hotel West Hollywood, Pendry Hotel and The Edition Hotel. This is an incredible opportunity to any astute investor to acquire a generational property that should keep appreciating over time.Interested in this Listing?
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Income Details
| Rent Control: | Yes |
| Total Annual Expense: | $ 40,690 |
| Net Operating Income: | $ 98,024 |
| Cap Rate: | 3.93% |
| Gross Rent Multiplier: | 17.45 |
Structure
| Community Features: | Mountainous, Sidewalks, 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 |
Detailed Map
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