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$ 1,995,000
Est. payment | /mo
2,701 SqFt
$ 1,995,000
Est. payment | /mo
2,701 SqFt
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 2,701 sqft
Price per Sqft $738
MLS Listing ID CL26862725
HOA Y/N No
Year Built 1947
Lot Size 4,300 Sqft
Acres 0.0987
Property Sub-Type Other
Property Description
Location! Location! Prime West Hollywood, Norma Triangle - An amazing value legacy property, Excellent GRM/CAP income with future Upside Potential and always rented! All 5 units, each with private courtyard/garden space, made up of 2-Two bedroom townhouses, 1-One bedroom and 2-Studio apartments. Located in one of the most exclusive West Hollywood neighborhoods, known as the Norma Triangle, adjacent to Beverly Hills and steps from the Pacific Design Center and the shopping & entertainment avenues of Robertson, Doheny, Melrose, Santa Monica & Sunset Blvd. A gated, Spanish style, garden architectural compound. Excellent income Plus future upside value, with three of the units already updated, and offering good higher income potential for the other 2 units. An amazing opportunity for this A+ location with a 91 Walk-Score! Buyer has the opportunity to obtain an excellent assumable loan (approx $880,000) with 30 year fixed financing at 4.97%! This allows investors an opportunity to acquire a high cash-flowing well-located asset poised for strong long-term appreciation. Rent roll might change as allowable yearly increases occur, and income and expenses numbers are from a previous year. Please note that the subject property is being sold "As-Is" .
Location
State CA
County Los Angeles
Zoning WDR4*
Interior
Heating Wall Furnace
Fireplace No
Appliance Dryer
Laundry Dryer, Washer
Exterior
View Y/N false
View None
Building
New Construction No
Others
Tax ID 4340007004
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Listed by Ladd Jackson • Carolwood Estates
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Debbi DiMaggio Betta
REALTOR | Partner | Lic# 01047447