$2,695,000 Price Analysis   ♡   West Hollywood, CA 90069 6 bed 6 bath 3,400 SqFt ($792/SqFt) 6,718SqFt lot. Built 1928 Listed 2024-06-14, Taxes $19,147 | Ⓧ USDA Ineligible due to price & location near West Hollywood |
Exceptional investment opportunity nested in the prestigious Hills of West Hollywood.
This unique income producing property is north of world famous Sunset Blvd (Sunset Strip) and features (4) four distinct fully rented 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. This income producing property presents an investor with an exceptional rate of return based on the location of the property. The pot ential for redevelopment is immense, given its desirable location, breathtaking views and expansive lot size. Whether you envision modern luxury condos, exclusive high-end townhomes or apartments, the possibilities with this property are endless. The area is a hot bed for redevelopment. This property boasts stunning views based on the elevation of the lot, serene surroundings with well kept properties and easy access 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 The Roxy Theater, The Vipr Room, Chateau Marmont, The Comedy Store, Sunset Plaza, Whiskey A Go Go and the Skybar at Mondrian. This is an incredible opportunity to any astute investor to acquire a generational property that should keep appreciating with time. Location!
Location. Location!
Presented by Kunal S. Sethi at
Sync Brokerage, Inc.
Property MLS #SR24121672 from CRMLS
Lot Size Acres: 0.1542241
Lot Size Source: Assessor
Lot Size Square Feet: 6718
Bedrooms in Unit-1: 2
Bedrooms in Unit-2: 2
Bedrooms in Unit-3: 1
Bedrooms in Unit-4: 1
Total Bathrooms in Unit-1: 2
Total Bathrooms in Unit-2: 2
Total Bathrooms in Unit-3: 1
Total Bathrooms in Unit-4: 1
Maintenance Expense: 3400.00
Rent Control: Yes
County: Los Angeles
Other Expense: 1200.00
Source Property Type: Residential Income
Insurance Expense: 2550.00
Area: C03 - Sunset Strip - Hollywood Hills West
Source Neighborhood: C03 - Sunset Strip - Hollywood Hills West
New Taxes Expense: 32340.00
Number of Separate Electric Meters: 4
Number of Separate Gas Meters: 3
Number of Separate Water Meters: 1
Parcel Number: 5560023032
Postal Code Plus 4: 2002
Zoning: WDR4
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $306,803 + $1,180,347 $1,487,150 | $19,147 |
| 2021 | $300,788 + $1,157,203 $1,457,991 | $18,949 |
| 2020 | $297,704 + $1,145,338 $1,443,042 | $19,090 |
| 2019 | $291,867 + $1,122,881 $1,414,748 | $18,294 |
| 2018 | $286,145 + $1,100,864 $1,387,009 | $18,115 |
| 2017 | $280,535 + $1,079,279 $1,359,814 | $17,754 |
| 2016 | $275,035 + $1,058,117 $1,333,152 | $17,335 |
| 2015 | $270,904 + $1,042,224 $1,313,128 | $17,075 |
| 2014 | $205,000 + $795,000 $1,000,000 | $13,401 |
| 2013 | $205,000 + $795,000 $1,000,000 | $13,421 |
| 2012 | $205,000 + $795,000 $1,000,000 | $13,742 |
| 2010 | $205,000 + $795,000 $1,000,000 | $13,715 |
| 2009 | $252,833 + $972,693 $1,225,526 | $15,820 |
| 2009 | $205,000 + $795,000 $1,000,000 | $15,820 |
| 2008 | $247,876 + $953,621 $1,201,497 | $15,186 |
| 2007 | $243,016 + $934,923 $1,177,939 | $14,699 |
$2,695,000
CRMLS
Listing removed 2024-03-19
$0
AppfolioUnits
Listing removed 2024-01-25
$4,499
TheMLSCLAW
Listed for rent 2023-10-03
$4,995
AppfolioUnits
Listing removed 2023-09-30
$0
AppfolioUnits
Listed for rent 2023-08-27
$4,995
AppfolioUnits
Listing removed 2020-05-28
$3,995
TheMLSCLAW
Price Changed for rent 2020-05-03
$3,995
TheMLSCLAW
Listed for rent 2020-02-14
$4,500
TheMLSCLAW
Listing removed 2020-02-10
$0
TheMLSCLAW
Listed for rent 2020-01-21
$5,000
TheMLSCLAW
Listing removed 2017-06-04
$2,999
TheMLSCLAW
Listed for rent 2017-04-12
$2,999
TheMLSCLAW
Listing removed 2012-06-30
$2,900
ITECH
Listing removed 2012-05-19
$2,900
TheMLSCLAW
Listed for rent 2012-05-11
$2,900
ITECH
Listed for rent 2012-05-11
$2,900
TheMLSCLAW
Sold 2003-12-23
$1,120,000
ITECH
Listed 2003-10-04
$1,225,000
ITECH
Listing removed 2003-04-24
$1,279,000
ITECH
Listed 2002-10-24
$1,279,000
ITECH
Listing removed 2002-05-27
$2,450
ITECH
Listing removed 2002-05-27
$1,650
ITECH
Listing removed 2002-04-02
$2,950
ITECH
Listed for rent 2002-02-26
$2,450
ITECH
Listed for rent 2002-02-26
$1,650
ITECH
Listed for rent 2001-11-24
$2,950
ITECH
Sold 2001-09-14
$575,000
Public Record
Listing removed 2001-06-01
$629,000
ITECH
Listed 2001-03-01
$629,000
ITECH
Sold 2000-09-06
$450,000
Public Record
Listing removed 2000-08-17
$2,200
ITECH
Listed for rent 2000-06-02
$2,200
ITECH
Sold 1975-04-17
$47,500
Public Record
Year Built: 1928
Building Features: 2
Common Walls: 1 Common Wall
Entry Level: 1
Entry Location: Street
Property Age: 96
Property Attached: Yes
Roof: Composition, Shingle
Levels or Stories: Two
Building Total Stories: 2
Structure Type: Quadruplex
Year Built Source: Assessor
Water Source: Public
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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.