358 N San Vicente Boulevard, West Hollywood, CA 90048 (MLS # 25513121)

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PRICE $1,945,000 BEDS 5 BATHS 6 HOME SIZE 2,916 sqft LOT SIZE 5,419 sqft Request More Info Schedule a Showing

A rare and versatile four-unit property in the heart of prime West Hollywood, a short distance from the luxury commercial offerings of Melrose Avenue and Beverly Boulevard. The property consists of a freestanding private 2 bed, 2.5 bath front home behind a hedged gate with a front courtyard (perfect for a potential owner-user), and a separate 3-unit building in the back, which includes an upper 2 bed, 1 bath unit, and two lower side-by-side units - one studio unit and one 1 bed, 1 bath unit. The property is fully tenant-occupied, garnering current gross rents of $9,590/mo ($115,080/yr) and projected market rents of $11,100/mo ($133,200/yr). Behind its gated entrance, the 2 bed, 2.5 bath front bungalow (#358) is ideal for an owner-user, a freestanding home totally separate from the back building. A serene retreat in the heart of LA's trendiest neighborhood, the home is privatized by front mature podocarpus hedging and a gate. Past the front courtyard, step inside to find a cozy fireplace, a breakfast nook, and a thoughtfully designed living room and kitchen. A side driveway leads to the rear triplex and parking for 3 vehicles. The renovated upper 2 bed, 1 bath unit (#360) features an open floorplan, with high ceilings, a large kitchen, a dining room, ample built-in storage, and a stove-oven combo with a microwave. Sliding glass doors open to a private balcony and offer additional outdoor space. Downstairs, the 1 bed, 1 bath unit (#362C) features an open living and kitchen area and a bathroom with a tub and shower. The second lower unit is a charming studio (#362D) with a kitchen and a private bathroom with a shower. There is an on-site laundry room, currently not in use by owners nor offered as an amenity to occupants. Set in an unbeatable location, this property is just moments from the Pacific Design Center, Melrose Avenue, and the trendy Urth Caffe, offering easy access to world-class dining, shopping, and entertainment. A truly special opportunity in one of L.A.'s most coveted neighborhoods whether you're looking to maximize rental income or create the perfect owner-user setup, don't miss out.