$2,750,000 Price Analysis   ♡   West Hollywood, CA 90046 12 bed 12 bath 7,885 SqFt ($348/SqFt) 6,550SqFt lot. Built 1967 Listed 2024-05-13, Taxes $8,118 | Ⓧ USDA Ineligible due to price & location near West Hollywood |
Prime investment opportunity on the edge of West Hollywood!
This 8 unit building features 4 open 2br/2bath units and 4 large 1br/1bath units with parking. Units have been renovated as vacancies occur. Walkable to the Weho Whole Foods and the trendy restaurants and shops of th Sunset Strip, this location is as desirable fo r its neighborhood feel as it is for its easy accessibility to the Weho nightlife.
This is a unique opportunity in a prime location.
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Property MLS #24-391109 from TheMLSCLAW
Bedrooms: 12
Total Bathrooms: 12
Full Bathrooms: 12
Bathroom 1 Features: Linen Closet, Shower Stall, Shower and Tub, Remodeled, Tile
Full Bathrooms: 12
Bathroom 1 Features: Linen Closet, Shower Stall, Shower and Tub, Remodeled, Tile
Turnkey
Storage Space
Living Room Balcony
Drywall Walls
Flooring: Carpet, Linoleum, Tile, Vinyl, Wood, Wood Laminate
Window Features: Double Pane Windows, Drapes/Curtains, Mini Blinds, Window Blinds
Storage Space
Living Room Balcony
Drywall Walls
Flooring: Carpet, Linoleum, Tile, Vinyl, Wood, Wood Laminate
Window Features: Double Pane Windows, Drapes/Curtains, Mini Blinds, Window Blinds
Range
Range Hood
Laundry Facilities: Room
Laundry Features: Room
Range Hood
Laundry Facilities: Room
Laundry Features: Room
Living Room, Dining Area, Center Hall
Formica Counters
Tile Counters
Quartz Counters
Kitchen Features: Formica Counters, Tile Counters, Quartz Counters
Tile Counters
Quartz Counters
Kitchen Features: Formica Counters, Tile Counters, Quartz Counters
Cooling Features: Wall/Window
Heating Features: Wall Gas
Heating Features: Wall Gas
Water Features: District
Covered Spaces: 8
Garage Description: Assigned, Covered Parking, Driveway, On street, Shared Driveway
Parking Total: 8
Garage Description: Assigned, Covered Parking, Driveway, On street, Shared Driveway
Parking Total: 8
Patio And Porch Features: Balcony, Concrete Slab
Patio Features: Balcony, Concrete Slab
Patio Features: Balcony, Concrete Slab
Lot Description: Exterior Security Lights, Gutters, Landscaped, Walk Street, Value In Land, Utilities - Overhead, Street Paved, Street Lighting, Street Concrete, Street Asphalt, Storm Drains, Single Lot, Sidewalks, Lot Shape-Rectangular, Lot-Level/Flat, Redevelopment Area, Curbs
Lot Size Acres: 0.1503673
Lot Size Dimensions: 131x50
Lot Size Source: Assessor
Lot Size Square Feet: 6550
Lot Size Acres: 0.1503673
Lot Size Dimensions: 131x50
Lot Size Source: Assessor
Lot Size Square Feet: 6550
Association: No
Calculated Total Monthly Association Fees: 0
Calculated Total Monthly Association Fees: 0
Number of Buildings: 1
Number of Units: 8
Unit Features: 1 BedsTotal: 2, 1 BathsTotal: 2, 1 SquareFeet: 3100, 2 BedsTotal: 2, 2 BathsTotal: 2, 2 SquareFeet: 3100, 3 BedsTotal: 1, 3 BathsTotal: 1, 3 SquareFeet: 2400, 4 BedsTotal: 2, 4 BathsTotal: 2, 4 SquareFeet: 3100, 5 BedsTotal: 2, 5 BathsTotal: 2, 5 SquareFeet: 3100, 6 BedsTotal: 1, 6 BathsTotal: 1, 6 SquareFeet: 2400, 7 BedsTotal: 1, 7 BathsTotal: 1, 7 SquareFeet: 2400, 8 BedsTotal: 1, 8 BathsTotal: 1, 8 SquareFeet: 2400
Number of Units: 8
Unit Features: 1 BedsTotal: 2, 1 BathsTotal: 2, 1 SquareFeet: 3100, 2 BedsTotal: 2, 2 BathsTotal: 2, 2 SquareFeet: 3100, 3 BedsTotal: 1, 3 BathsTotal: 1, 3 SquareFeet: 2400, 4 BedsTotal: 2, 4 BathsTotal: 2, 4 SquareFeet: 3100, 5 BedsTotal: 2, 5 BathsTotal: 2, 5 SquareFeet: 3100, 6 BedsTotal: 1, 6 BathsTotal: 1, 6 SquareFeet: 2400, 7 BedsTotal: 1, 7 BathsTotal: 1, 7 SquareFeet: 2400, 8 BedsTotal: 1, 8 BathsTotal: 1, 8 SquareFeet: 2400
Gross Income: 177504
Number of Units Leased: 8
Tenant Pays: Cable TV, Electric, Gas, Move In Fee, Move Out Fee
Number of Units Leased: 8
Tenant Pays: Cable TV, Electric, Gas, Move In Fee, Move Out Fee
Balcony
Sprinkler System
Rain Gutters
Partial Copper Plumbing
Source Listing Status: Active
County: Los Angeles
Cap Rate: 4.58
Directions: 3 Buildings north of Fountain on Fairfax. Between Santa Monica Blvd and Sunset.
Source Property Type: Residential Income
Inclusions: Common area coin operated washer/dryer. Each unit comes with range, refrigerator, and wall a/c unit.
Area: Hollywood
Source Neighborhood: Hollywood
Number of Separate Electric Meters: 8
Number of Separate Gas Meters: 8
Owner Pays: Water
Parcel Number: 5551-027-009
Postal Code Plus 4: 4741
Property Location: Near Public Transit, City
Zoning: R2-1XL
Source System Name: C2C
Sprinkler System
Rain Gutters
Partial Copper Plumbing
Source Listing Status: Active
County: Los Angeles
Cap Rate: 4.58
Directions: 3 Buildings north of Fountain on Fairfax. Between Santa Monica Blvd and Sunset.
Source Property Type: Residential Income
Inclusions: Common area coin operated washer/dryer. Each unit comes with range, refrigerator, and wall a/c unit.
Area: Hollywood
Source Neighborhood: Hollywood
Number of Separate Electric Meters: 8
Number of Separate Gas Meters: 8
Owner Pays: Water
Parcel Number: 5551-027-009
Postal Code Plus 4: 4741
Property Location: Near Public Transit, City
Zoning: R2-1XL
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $383,684 + $207,179 $590,863 | $8,118 |
| 2021 | $376,161 + $203,117 $579,278 | $7,986 |
| 2020 | $372,304 + $201,035 $573,339 | $8,053 |
| 2019 | $365,004 + $197,094 $562,098 | $7,773 |
| 2018 | $357,848 + $193,230 $551,078 | $7,682 |
| 2017 | $350,832 + $189,442 $540,274 | $7,491 |
| 2016 | $343,953 + $185,728 $529,681 | $7,260 |
| 2015 | $338,787 + $182,939 $521,726 | $7,166 |
| 2014 | $332,151 + $179,356 $511,507 | $7,241 |
| 2013 | $330,650 + $178,546 $509,196 | $7,226 |
| 2012 | $324,167 + $175,046 $499,213 | $7,317 |
| 2010 | $317,811 + $171,614 $489,425 | $7,114 |
| 2009 | $316,186 + $170,737 $486,923 | $6,863 |
| 2009 | $315,436 + $170,332 $485,768 | $6,863 |
| 2008 | $309,987 + $167,390 $477,377 | $6,602 |
| 2007 | $303,909 + $164,108 $468,017 | $6,375 |
Price Changed 2024-07-03
$2,750,000
TheMLSCLAW
Price Changed 2024-05-31
$2,950,000
TheMLSCLAW
Listed 2024-05-13
$3,400,000
TheMLSCLAW
Listing removed 2014-04-18
$1,750
WestsideRentals
Price Changed for rent 2014-04-07
$1,750
WestsideRentals
Listed for rent 2014-04-02
$1,850
WestsideRentals
Sold 1996-09-04
$380,000
ITECH
Listed 1995-12-05
$420,000
ITECH
$2,750,000
TheMLSCLAW
Price Changed 2024-05-31
$2,950,000
TheMLSCLAW
Listed 2024-05-13
$3,400,000
TheMLSCLAW
Listing removed 2014-04-18
$1,750
WestsideRentals
Price Changed for rent 2014-04-07
$1,750
WestsideRentals
Listed for rent 2014-04-02
$1,850
WestsideRentals
Sold 1996-09-04
$380,000
ITECH
Listed 1995-12-05
$420,000
ITECH
Net Operating Income: 153942
Total Square Feet Living: 7885
Year Built: 1967
Building Exterior Type: Stucco, Wood
Direction Faces: West
Entry Location: Ground Level w/steps
Levels: Two Level
Living Area Source: Owner
Property Age: 57
Property Condition: Repair Cosmetic, Updated/Remodeled
Roof: Asphalt
Levels or Stories: 2
Building Total Stories: 2
Year Built Source: Vendor Enhanced
Year Built: 1967
Building Exterior Type: Stucco, Wood
Direction Faces: West
Entry Location: Ground Level w/steps
Levels: Two Level
Living Area Source: Owner
Property Age: 57
Property Condition: Repair Cosmetic, Updated/Remodeled
Roof: Asphalt
Levels or Stories: 2
Building Total Stories: 2
Year Built Source: Vendor Enhanced
Electric Expense: 360
Sewer: In Street
Sewer: In Street
Other Equipment: Cable, Ceiling Fan, Garbage Disposal, Hood Fan, Washer, Dryer, Refrigerator, Range/Oven
Security Features: Window Bars
Security Features: Window Bars
Gardner Street Elementary School is a public elementary school located approximately 0.6 miles away.
Map directions
Map directionsFairfax Senior High School is a public high school located approximately 0.8 miles away.
Map directions
Map directionsHubert Howe Bancroft Middle School is a public middle school located approximately 1.5 miles away.
Map directions
Map directionsWest Hollywood College Prep School is a private elementary, middle and high school located approximately 0.3 miles away.
Map directions
Map directions
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.