875 Westbourne Dr West Hollywood , CA 90069
Active
$2,200,000
4 Units
0 Beds
4 Baths
1,612 Area(sq.ft.)
4,109 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 1 | studio | 1 | No | $ 2,450 | $ 2,450 | $ 2,500 |
| Unit 2 | 1 | studio | 1 | No | $ 1,703 | $ 1,703 | $ 2,250 |
| Unit 3 | 1 | studio | 1 | No | $ 2,200 | $ 2,200 | $ 2,200 |
| Unit 4 | 1 | studio | 1 | No | $ 2,250 | $ 2,250 | $ 2,250 |
| Unit 5 | 1 | studio | 0 | No | $ 400 | $ 400 | $ 400 |
| 5 | 5 | 0 | 4 | $ 9,003 | $ 9,003 | $ 9,600 |
| MLS #: | 24-432881 |
| Days On Market: | 56 |
| County: | Los Angeles |
| Property Type: | Residential Income |
| Price per ft2: | $ 1,365 |
| Price per unit: | $ 550,000 |
| Year Built: | 1972 |
Property Details
Excellent commercial Investment opportunity located in the heart of West Hollywood, just south of Santa Monica Boulevard. 873 - 875 Westbourne Drive boasts four upgraded commercial units, each spanning 400 square feet, along with a 125-square-foot shed. All units have been fully modernized with new glass windows, 8-foot glass storefront doors, mini-split air conditioners, updated bathrooms, contemporary lighting, and new flooring. Additionally, the building features a Title 24 cool-roof coating, a newly repaved parking lot, fresh exterior paint, and newly enhanced landscaping. This property also presents prime potential for repurposing or redevelopment for an owner user subject to City of West Hollywood regulations. Contact listing agent for full brochure. Please refrain from disrupting tenants. THE INFORMATION CONTAINED HEREIN IS NOT WARRANTED OR GUARANTEED. ALL INTERESTED PARTIES ARE TO CONDUCT AND RELY SOLELY ON THEIR OWN INVESTIGATION AND INSPECTION. Seller and Listing Broker do not guaranty the accuracy of the square footage, bedroom/bathroom count, lot size, or any other information concerning the features of the Property. All information provided was sourced from the seller and from public records. Buyer and Selling broker are advised to verify the accuracy of the information, and to independently determine whether the Property is suitable for Buyer's proposed use.Interested in this Listing?
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Income Details
| Gross Operating Income: | $ 101,536 |
| Total Annual Expense: | $ 16,271 |
| Net Operating Income: | $ 85,265 |
| Gross Annual Income: | $ 101,536 |
| Cap Rate: | 3.9% |
| Gross Rent Multiplier: | 21.67 |
| Actual Gross Rent: | $ 101,536 |
| Actual Gross Income: | $ 101,536 |
| Actual Rent Total: | $ 101,536 |
Structure
| Type of Units: | Store |
| Buildings: | 1 |
| Levels: | One |
| Security Features: | None |
| Style: | Contemporary |
| View Description: | None |
Land & Parking
| Zoning: | WDC1A* |
| Parking Garage: | Assigned |
Interior
| AC/Cooling: | Air Conditioning |
| Equipment: | None |
| Heating: | Electric |
| Fireplace Rooms: | None |
Exterior
| Exterior Construction: | Stucco |
| Pool: | No |
| Roof: | Flat, Other |
| Spa: | No |
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