Property listed by Keller Williams Realty Los Feliz, Brock Harris 323-300-1000
$1,945,000
A rare and versatile four-unit property in the heart of prime West Hollywood, a short distance from the luxury commercial offerings of Melrose Avenue and Beverly Boulevard. The property consists of a freestanding private 2 bed, 2.5 bath front home behind a hedged gate with a front courtyard (perfect for… Read More a potential owner-user), and a separate 3-unit building in the back, which includes an upper 2 bed, 1 bath unit, and two lower side-by-side units - one studio unit and one 1 bed, 1 bath unit. The property is fully tenant-occupied, garnering current gross rents of $9,590/mo ($115,080/yr) and projected market rents of $11,100/mo ($133,200/yr). Behind its gated entrance, the 2 bed, 2.5 bath front bungalow (#358) is ideal for an owner-user, a freestanding home totally separate from the back building. A serene retreat in the heart of LA's trendiest neighborhood, the home is privatized by front mature podocarpus hedging and a gate. Past the front courtyard, step inside to find a cozy fireplace, a breakfast nook, and a thoughtfully designed living room and kitchen. A side driveway leads to the rear triplex and parking for 3 vehicles. The renovated upper 2 bed, 1 bath unit (#360) features an open floorplan, with high ceilings, a large kitchen, a dining room, ample built-in storage, and a stove-oven combo with a microwave. Sliding glass doors open to a private balcony and offer additional outdoor space. Downstairs, the 1 bed, 1 bath unit (#362C) features an open living and kitchen area and a bathroom with a tub and shower. The second lower unit is a charming studio (#362D) with a kitchen and a private bathroom with a shower. There is an on-site laundry room, currently not in use by owners nor offered as an amenity to occupants. Set in an unbeatable location, this property is just moments from the Pacific Design Center, Melrose Avenue, and the trendy Urth Caffe, offering easy access to world-class dining, shopping, and entertainment. A truly special opportunity in one of L.A.'s most coveted neighborhoods whether you're looking to maximize rental income or create the perfect owner-user setup, don't miss out. Read Less
Listing Snapshot
Days Online
12
Last Updated
Property Type
Other
Beds
5
Square Ft.
2,916
Lot Size
0.12 Acres
Year Built
1922
MLS Number
25513121
30 Days Snapshot Of 90048
$3,547k
-26%
(avg) sold price
10
-28%
homes sold
92
-32%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
Dishwasher, Refrigerator
Building
Built in 1922, Building area total: 2,916, Levels: MultiSplit, Living area: 2916, 2 buildings
Fireplaces
Decorative, LivingRoom
Income
Gross income: $115,080
Interior Features
CeilingFans
Lot
0.1244 acres, 5,417 square feet, Size: 5,417
Parking
Driveway
Pool
None
Property
Zoning: WDR1B*
Spa
None
Find The Perfect Home
'VIP' Listing Search
Whenever a listing hits the market that matches your criteria you will be immediately notified.
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.
Confirm your time
Fill in your details and we will contact you to confirm a time.
