8985 Keith Ave West Hollywood , CA 90069
Active
$1,900,000
4 Units
5 Beds
4 Baths
2,288 Area(sq.ft.)
5,370 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 1 | 1 | 1 | No | $ 2,300 | $ 2,300 | $ 2,600 |
| Unit 2 | 1 | 1 | 1 | No | $ 2,350 | $ 2,350 | $ 2,600 |
| Unit 3 | 1 | 1 | 1 | No | $ 2,395 | $ 2,395 | $ 2,600 |
| Unit 4 | 1 | 2 | 1 | No | $ 2,895 | $ 2,895 | $ 3,400 |
| 4 | 4 | 5 | 4 | $ 9,940 | $ 9,940 | $ 11,200 |
| MLS #: | 24-456297 |
| Days On Market: | 8 |
| County: | Los Angeles |
| Property Type: | Residential Income |
| Price per ft2: | $ 830 |
| Price per unit: | $ 475,000 |
| Year Built: | 1930 |
Property Details
We are pleased to present a four (4) unit apartment building located at 8985 Keith Avenue in West Hollywood, California. The subject property is situated in a prime Norma Triangle location, north of Santa Monica Boulevard and east of N Doheny Drive. Built in 1930, this property contains a good unit mix of three (3) one-bedroom / one-bathroom units and one (1) two-bedroom / one-bathroom unit. Select units have been tastefully renovated with new countertops, flooring, in unit washer and dryer machines, and new tiles in the bathrooms. All of the units a re separately metered for gas and electric. This character, Spanish style asset boast two (2) detached buildings giving the residents a strong sense of privacy. This property features fully parked surface parking. The Soft-Story Retrofit has also been completed. The Norma Triangle is home to numerous amazing amenities, some of the closest include amazing stops along Santa Monica Boulevard: Rocco's WeHo, Bottega Louie WeHo, Hauser & Wirth, Dayglow, The Troubadour, WeHo Bistro, Barney's Beanery, and many more. Less than half a mile south, tenants will find outdoor recreation at the West Hollywood Park as well as other trendy destinations such as Revolver Video Bar, Hi Tops Bard, Insomnia Cookies, Salt & Straw, WEHO WHO WHAT WEAR, and others. Located in the prestigious location of Norma Triangle, this offering presents an excellent opportunity for any investor to acquire a Spanish style asset utilizing 30-year fixed residential financing to add multiple ADU units to the center of the property.Interested in this Listing?
Miami Residence will connect you with an agent in a short time.
Income Details
| Gross Operating Income: | $ 115,702 |
| Total Annual Expense: | $ 30,360 |
| Net Operating Income: | $ 85,342 |
| Gross Annual Income: | $ 119,280 |
| Cap Rate: | 4.49% |
| Gross Rent Multiplier: | 15.93 |
Structure
| Type of Units: | Market |
| Buildings: | 2 |
| Levels: | Two |
| Style: | Spanish |
| View Description: | City |
Land & Parking
| Zoning: | WDR2* |
| Land Lease Type: | Fee |
| Parking Garage: | Uncovered |
Interior
| AC/Cooling: | Air Conditioning |
| Equipment: | Built-Ins, Dishwasher, Refrigerator, Range/Oven |
| Heating: | Wall |
| Laundry: | In Unit |
| Laundry Equipment: | Own |
Exterior
| Pool: | No |
| Spa: | No |
Detailed Map
Schools
Find a great school for your child
Income
