1268 N Sweetzer Avenue

    West Hollywood, CA 90069
    • $3,345,000
    • STATUS: Active
    • ON SITE: 74 days
    • ID#: 19507556
    UPDATED: 55 min ago
    $3,345,000
    • 0
      BEDS
    • 0.13
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 6,879
      SQFT
    • $486
      $/SQFT
    Type:
    Multi-Family
    Built:
    1957
    County:

    School Ratings & Info

    Description

    CONTACT BROKER FOR FULL MARKETING PACKAGE. Prime West Hollywood 8 unit building just over 1 block to Sunset Blvd. Excellent unit mix of 4-two bedroom two bath and 4-one bedroom one bath units. First time in the market in nearly 50 years, the property has been maintained impeccably by the ownership. Per Seller, both horizontal and vertical water pipes have been re-piped with copper plumbing as well as a new high quality pitched roof was replaced approximately 5 years ago. Property is separately metered for gas and electricity minimizing the owner's expenses. Select units have been luxuriously renovated to condominium standards featuring new high end kitchen cabinets, quartz countertops, stainless steel appliances, new bathrooms with designer finishes and split system air conditioning units. With significant upside of approx. 63% in rents, a savvy investor will be able to increase the cash flow of the Property and add value to the asset by increasing the rents as the units turnover

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-11-19T08:25:55.89. 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/98691611

    1268 N Sweetzer Avenue West Hollywood, CA 90069

    • Price: $3,345,000
    • Status: Active
    • Updated: 55 min ago
    • ID#: 19507556
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.13
    Acres
    6,879
    SQFT
    $486
    $/SQFT
    1957
    Built
    Neighborhood:
    C10 - West Hollywood Vicinity
    County:
    Los Angeles
    Area:
    C10 - West Hollywood Vicinity
    Property Description
    CONTACT BROKER FOR FULL MARKETING PACKAGE. Prime West Hollywood 8 unit building just over 1 block to Sunset Blvd. Excellent unit mix of 4-two bedroom two bath and 4-one bedroom one bath units. First time in the market in nearly 50 years, the property has been maintained impeccably by the ownership. Per Seller, both horizontal and vertical water pipes have been re-piped with copper plumbing as well as a new high quality pitched roof was replaced approximately 5 years ago. Property is separately metered for gas and electricity minimizing the owner's expenses. Select units have been luxuriously renovated to condominium standards featuring new high end kitchen cabinets, quartz countertops, stainless steel appliances, new bathrooms with designer finishes and split system air conditioning units. With significant upside of approx. 63% in rents, a savvy investor will be able to increase the cash flow of the Property and add value to the asset by increasing the rents as the units turnover
    Exterior Features

    Lot Size Units Square Feet Parking Features Covered Parking YN Yes

    Interior Features

    Cooling See Remarks Cooling YN Yes Laundry Features See Remarks

    Property Features

    Cap Rate 3.00 Gross Multiplier 17.90 Gross Operating Income 180874.00 Improvements Amount 197929 Land Value 69477 Laundry YN Yes Net Operating Income 100480.00 Special Listing Conditions Standard Total Expenses 80394.00 Zoning Wdr4*

    Listing provided courtesy of Ramin Gheitanchi of Keller Williams Beverly Hills


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-11-19T08:25:55.89. 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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