Property listed by Keller Williams Beverly Hills, Dario Svidler 310-432-6400
$2,700,000
We are proud to exclusively present for sale a 9 unit residential income property just outside of West Hollywood. The adjacent 10 unit building is also available for sale. Central, central, central! Just off Melrose Ave., and around the corner from the Central Fairfax District and Fairfax… Read More High School (with it's weekend Melrose Trading Post), this property is right dab in the middle of a Walker's Paradise, surrounded by shops, fine and casual dining, sought-after nightlife, and pretty much anything trendy one can think of! Long-term owners have lovingly cared for the building over the years, and with new and longer-term tenants, rents are still averaging around 35% below market. The building's tuck-under parking has been mitigated, with the already-completed Soft Story Seismic Retrofit work. And there's always potential for ADUs! The offering features bright units that each cover the whole width of the building, and spacious layouts ranging from just over 700 square feet to just under 1,000 square feet each! There are three sets of tandem parking spaces in the front and five gated parking spaces in the back, accessible from the alley. Lots of jobs in the area, but situated on a calm residential street with permit parking! Walking distance to The Grove, the 3rd Street Shopping District, the Beverly Center and more! The property currently shares some services with the neighboring building, such as garbage, garage gates and laundry room. Read Less
Listing Snapshot
Days Online
3
Last Updated
Property Type
Other
Beds
13
Square Ft.
7,374
Lot Size
0.17 Acres
Year Built
1959
MLS Number
25501119
30 Days Snapshot Of 90048
$3,681k
+40%
(avg) sold price
13
+8%
homes sold
114
+18%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1959, Building area total: 7,374, Levels: Two, Living area: 7374, 2 stories, 1 building
Income
Gross income: $201,793, Net operating income: $116,259
Lot
0.1722 acres, 7,501 square feet, Size: 7,501
Parking
11 totals parking, Assigned, Garage, SideBySide, Tandem
Property
Zoning: R3
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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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