Situated just north of Santa Monica Boulevard, between Fairfax Avenue and La Brea Avenue, the property features bungalow-style units set around a charming courtyard. A new investor can aim to add value by recapturing the approximately 52% rent upside. The five private parking garages can be rented for parking or storage, providing an additional revenue stream for the owner. According to Niche.com, West Hollywood ranks #1 out of 111 neighborhoods in Los Angeles County among the Best Suburbs for Young Professionals, and ranks #2 in the entire state of California. With 80% of the West Hollywood population residing in rental housing, these semi-private one-bedroom bungalows are extremely attractive to this demographic, helping to boost both demand and rental rates. With Whole Foods Market, Plummer Park, and numerous shopping and dining destinations within walking distance, the property boasts a Walk Score of 92 and has been dubbed a "Walker's Paradise." The Sunset Strip, Beverly Hills, Hollywood Boulevard, The Grove, and The Original Farmers Market are all within a short drive for tenants.
|
DAYS ON MARKET
|
23
|
LAST UPDATED
|
4/19/2023
|
|
YEAR BUILT
|
1924
|
COMMUNITY
|
West Hollywood Vicinity
|
|
COUNTY
|
Los Angeles
|
STATUS
|
Sold
|
|
PROPERTY TYPE(S)
|
Residential Income
|
|
|
| AIR |
None |
| AREA |
West Hollywood Vicinity |
| GARAGE |
Assigned |
| LOT |
6120 sq ft |
| LOT DIMENSIONS |
50x130 |
| PARKING |
Assigned |
| STORIES |
1 |
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Listed with Marcus & Millichap
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of 4/19/24 11:45 AM PDT and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
This IDX solution is (c) Diverse Solutions 2024.
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