Property listed by Equity Union, Gurpinder Virdee 818-989-2000
$2,750,000
Welcome to this stunning home in the flats of West Hollywood! This awesome property offers an unbeatable combination of location, space, and potential, making it a rare find in this coveted neighborhood. Just moments from the iconic Melrose Avenue, the vibrant Sunset Strip, hollywood and Beverly Hills, this expansive home… Read More features 6 spacious bedrooms and 4 appointed bathrooms, 2 powder rooms and provides ample room for comfort and privacy. The property is essentially a duplex but converted to a single family residence as per title which gives advantage for an income property. There is 2 fully equipped kitchens with newer appliances, perfect for entertaining or accommodating multiple households. Outside, you'll discover a treelined private back lot with a sparkling swimming pool ideal for soaking up the California sun, along with a private driveway leading to a two-car garage. This property comes with (WDR2) zoning, presenting an incredible opportunity to build up to three Accessory Dwelling Units (ADU) a valuable feature for investors or for those looking to capitalize on a 1031 exchange. This home is equipped with an owned solar power system, ensuring energy efficiency and cost savings, further enhancing its appeal. Located in one of the most desirable areas of West Hollywood, this property offers endless possibilities. There are currently tenants in place, they are happy to stay or the property can be delivered vacant. THERE IS NO RELOCATION FEE. Tenants have been in place for 5 years plus and pay a solid market lease rate of approximately $14,000 monthly. As a result of the fires there is a great need for relocation /housing in Los Angeles , we have actually dropped the purchase price in faith that a family in need will find this property a perfect safe haven to live, not to mention can generate many streams of revenue down the road. There are multiple opportunities here for multi-families, investors, or an end-user that simply wants to make this their forever home. Read Less
Built in 1925, Building area total: 3,648, Levels: Two, Living area: 3648, 2 stories, 1 building, Architectural style: Traditional, Construction materials: Stucco
Cooling
CentralAir
Doors
FrenchDoors
Exterior Features
RainGutters
Fireplaces
None
Floors
Tile, Wood
Garage
2 spaces
Heating
Central
Income
Gross income: $166,932, Net operating income: $130,557
Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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