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Sharlotte Blake

sharlotte@laluxestates.com +1(323) 219-1101

$2,149,000

Est. payment - /mo

7 Beds

6 Baths

3,208 SqFt

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Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 3,208 sqft

Price per Sqft $669

MLS Listing ID 26876391

Bedrooms 7

HOA Y/N No

Year Built 1920

Lot Size 7,562 Sqft

Property Description

Located in the heart of West Hollywood, this 3-unit property is a standout opportunity for investors seeking income and long-term upside. The front house, a beautifully renovated 3 bedroom, 2 bathroom home updated within the past year, is complemented by a rear building of two identical stacked 2 bedroom, 2 bathroom units, each with access to covered carport parking. Every unit is currently leased, providing reliable and consistent income from day one with a current cap rate of about 5.03%. With market value rents, this property projects a cap rate of about 6.14%. Adding to the appeal, the property comes with plans for a 4-unit townhome development, giving the next owner a clear path toward future value creation. Ideally positioned near Santa Monica Blvd, this is a rare chance to own an income-producing asset with meaningful room to grow, just minutes from the shops and dining West Hollywood has to offer.

Location

State CA

County Los Angeles

Area C10 - West Hollywood Vicinity

Zoning WDR3C*

Interior

Interior Features Ceiling Fan(s)

Flooring Tile, Wood

Fireplaces Type Bath, Dining Room, Family Room, Kitchen

Fireplace Yes

Appliance Built-In, Microwave, Oven, Range, Refrigerator, Dryer, Washer

Laundry In Carport

Exterior

Parking Features Carport, Driveway

Carport Spaces 3

Pool None

Total Parking Spaces 6

Private Pool No

Building

Lot Description Front Yard

Faces West

Story 2

Entry Level Two

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 5530003014

Special Listing Condition Standard

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Listed by Jacob Greene Douglas Elliman of California, Inc. #01933997

NEARBY SCHOOL & BUSINESS

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Sharlotte Blake

+1(323) 219-1101

Broker Associate License ID: 02035876

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Los Angeles, CA

1154 N Ogden DR West Hollywood, CA 90046

Sharlotte Blake

Key Details

Location

Interior

Exterior

Building

Others

NEARBY SCHOOL & BUSINESS

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1154 N Ogden DR