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$ 2,095,000
Est. payment | /mo
3 Beds
6,157 Sqft Lot
$ 2,095,000
Est. payment | /mo
3 Beds
6,157 Sqft Lot
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID P1-24655
Bedrooms 3
Lot Size 6,157 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
Located in the highly sought-after West Hollywood market, this fully renovated 4-unit property presents a rare investment opportunity that combines strong current income with future upside. Each residence has been completely updated and comes equipped with a gas range, refrigerator, dishwasher, and stacked in-unit washer and dryer, minimizing maintenance concerns and maximizing tenant appeal. Private patios for every unit enhance livability, while separate metering for electricity and gas ensures streamlined expense allocation and predictable operating costs.With all units renovated, new ownership can immediately benefit from stable cash flow with little to no deferred maintenance. The West Hollywood rental market continues to experience high demand and limited supply, creating potential for rent growth and long-term value appreciation. Pro-forma projections indicate the opportunity for above-market returns driven by efficient operations, strong tenant retention, and the property's unbeatable location just blocks from Santa Monica Boulevard and Melrose Avenue. Surrounded by world-class dining, shopping, and nightlife, this asset stands as a turnkey, income-generating property with both day-one performance and substantial long-term upside.
Location
State CA
County Los Angeles
Zoning Public Rec
Direction South of Santa Monica BlvdNorth of Melrose PlaceWest of Crescent Heights BlvdEast of La Cienega
Interior
Cooling Central Forced Air, Wall/Window
Fireplace No
Exterior
Utilities Available Sewer Connected
View Y/N No
Building
Story 1
Level or Stories 1
Others
Tax ID 5529011031
Listed by Mark MacFarlane Vimvi California
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "