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    1041 N Stanley Avenue

    West Hollywood, CA 90046
    • $2,900,000
    • STATUS: Active
    • ON SITE: 70 days
    • ID#: 21759848
    UPDATED: 59 min ago
    $2,900,000
    • 0
      BEDS
    • 0.14
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Type:
    Multi-Family
    Built:
    1957
    County:

    School Ratings & Info

    Description

    Presenting 1041 North Stanley Avenue, an 8-unit apartment asset in West Hollywood, one of the most desirable submarkets of Los Angeles. Located a half a block south of Santa Monica Boulevard and five blocks east of Fairfax, 1041 North Stanley Avenue tenants enjoy some of the hottest restaurants, shopping and nightlife within walking distance. Built in 1957, the property has an advantageous unit mix of (5) two-bedroom/two-bathroom and (3) one-bedroom/one-bathroom units with 8 parking spaces. This asset offers an investor a rare opportunity to own a value-add apartment asset in a class A location and neighborhood in West Hollywood. The current units are ripe for luxury renovations and offer a 63% upside potential in rental income. Densely packed into 1.9 walkable square miles, West Hollywood includes a vast culinary landscape, the Sunset Strips notorious nightlife, designer flagships lining the Design District, celebrity hot spots, global annual events, premier spas, fitness centers and entertainment. With the median price of homes at $1.82 million, 1041 North Stanley Avenue is in a highly sought-after location.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-09-23T13:34:06.253. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Najar Group | Keller Williams Realty. Licensed in the State of California, USA.
    www.thenajargroup.com/homes/119305102
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    1041 N Stanley Avenue West Hollywood, CA 90046

    • Price: $2,900,000
    • Status: Active
    • Updated: 59 min ago
    • ID#: 21759848
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.14
    Acres
    1957
    Built
    Neighborhood:
    C10 - West Hollywood Vicinity
    County:
    Los Angeles
    Area:
    C10 - West Hollywood Vicinity
    Property Description
    Presenting 1041 North Stanley Avenue, an 8-unit apartment asset in West Hollywood, one of the most desirable submarkets of Los Angeles. Located a half a block south of Santa Monica Boulevard and five blocks east of Fairfax, 1041 North Stanley Avenue tenants enjoy some of the hottest restaurants, shopping and nightlife within walking distance. Built in 1957, the property has an advantageous unit mix of (5) two-bedroom/two-bathroom and (3) one-bedroom/one-bathroom units with 8 parking spaces. This asset offers an investor a rare opportunity to own a value-add apartment asset in a class A location and neighborhood in West Hollywood. The current units are ripe for luxury renovations and offer a 63% upside potential in rental income. Densely packed into 1.9 walkable square miles, West Hollywood includes a vast culinary landscape, the Sunset Strips notorious nightlife, designer flagships lining the Design District, celebrity hot spots, global annual events, premier spas, fitness centers and entertainment. With the median price of homes at $1.82 million, 1041 North Stanley Avenue is in a highly sought-after location.
    Exterior Features

    Carport YN Yes Parking Features CoveredCarport

    Interior Features

    Appliances Gas CooktopGas Oven Cooling None Cooling YN No Heating None Heating YN No Interior Features Ceiling Fan(S)

    Property Features

    Gross Income 152748 Listing Agreement Seller Reserved Listing Service Full Service Net Operating Income 89985 Senior Community YN No Special Listing Conditions Standard Vacancy Allowance Rate 0 Zoning Wdr3c*

    Listing provided courtesy of Kimberly Roberts Stepp of Stepp Commercial


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-09-23T13:34:06.253. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Najar Group | Keller Williams Realty. Licensed in the State of California, USA.
     
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    The Najar Group | Keller Williams Realty
    1014 Broadway Ste C
    El Cajon CA, 92021