First time on the market in 47 years! Located on a charming tree lined street, steps away from Melose shops and dining. This 19 unit building consists of (15) two-bedroom units, (3) one-bedroom units, and (1) two-bedroom unique owner's penthouse unit with beautiful Hollywood Hills views. FIVE UNITS DELIVERED VACANT! Upgrade and increase rental incomes. The building is 23,611 gross square feet and sits on a 12,079-square-foot lot. Residents enjoy a 93 walk score with unparalleled access to world-class dining, retail shops, and entertainment along the renowned Melrose Ave. with Beverly Hills just minutes away. This prime location ensures excellent connectivity via La Cienega Blvd and Melrose Ave, offering both lifestyle and convenience. This offering presents a value-add investment opportunity, offering a 5.4% initial CAP rate with the potential to achieve 7.30% once units turnover. Don't miss your chance to own a piece of this thriving community where culture, And prime location create an ideal environment for residents to live, work, and play. (All Electric Building, 31 Parking Spaces, Photos reflect a sampling of all currently vacant units)
|
DAYS ON MARKET
|
16
|
LAST UPDATED
|
1/22/2025
|
|
YEAR BUILT
|
1964
|
COMMUNITY
|
West Hollywood Vicinity
|
|
GARAGE SPACES
|
27.0
|
COUNTY
|
Los Angeles
|
|
STATUS
|
Pending
|
PROPERTY TYPE(S)
|
Residential Income
|
| APPLIANCES |
Disposal, Electric Cooktop |
| AREA |
West Hollywood Vicinity |
| GARAGE |
Community Structure, Electric Gate, Garage, Tandem, Underground, Yes |
| HEAT |
Radiant |
| INTERIOR |
Elevator |
| LOT |
0.28 acre(s) |
| PARKING |
Underground,Electric Gate,Garage,Community Structure,Tandem |
| POOL DESCRIPTION |
None |
| SEWER |
Other |
| STORIES |
1 |
| STYLE |
Contemporary |
| VIEW |
Yes |
| VIEW DESCRIPTION |
City Lights,Hills |
| ZONING |
WDR3C* |
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Listed with Coldwell Banker Realty
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. 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 CRMLS as of 2/4/25 8:12 PM PST. The information being provided by CRMLS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CLAW, CRISNet MLS, i-Tech MLS, PSRMLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
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This IDX solution is (c) Diverse Solutions 2025.
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