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$2,495,000
Est. payment /mo
6,716 Sqft Lot
UPDATED:
12/06/2024 08:42 PM
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID SR24221483
HOA Y/N No
Year Built 1928
Lot Size 6,716 Sqft
Property Description
Location! Location! Location! Income producing property located north of world famous Sunset Blvd (Sunset Strip) with Views. The features (4) four distinct fully occupied units on a 6,718 Square feet R4 zoned lot, offering unparalleled potential for continued rental income or redevelopment. The Unit mix consists of One 2+2+Den, One 2+1.5, One 1+1+Den and one 1+1 units. Surrounded by Multi million dollar homes, the front 2 bed + 2 bath unit has a den/bonus room, large front patio, in unit laundry, rear balcony, dining area, central HVAC, spacious kitchen and city views, making it perfect for a 'possible' owner-user unit. The property is currently fully occupied with month to month tenants.
The potential for Redevelopment is also immense with the R4* zoning, A+ Location, Breathtaking views and Expansive Lot Size. Whether you envision modern luxury condos, exclusive high-end townhomes or multi-family apartments, the possibilities with this property are endless. The area is a hot bed for redevelopment.
This subject property boasts stunning views, serene surroundings and is located close to the vibrant heart of West Hollywood, Los Angeles and Beverly Hills. The subject property is right below the coveted Bird streets and Trousdale Estates which feature homes in the tens of millions of dollars. Sunset Boulevard in West Hollywood is a dynamic mix of culture, entertainment and luxury, making it a must-visit destination in Los Angeles. Some of the highlights of the Sunset Strip in West Hollywood include iconic destinations such as Soho House, The Roxy Theater, The Viper Room, Chateau Marmont, The Comedy Store, Skybar at Mondrian and Iconic hotels including 1 Hotel West Hollywood, Pendry Hotel and The Edition Hotel. This is an incredible opportunity to any astute investor to acquire a generational property that should keep appreciating over time.
The potential for Redevelopment is also immense with the R4* zoning, A+ Location, Breathtaking views and Expansive Lot Size. Whether you envision modern luxury condos, exclusive high-end townhomes or multi-family apartments, the possibilities with this property are endless. The area is a hot bed for redevelopment.
This subject property boasts stunning views, serene surroundings and is located close to the vibrant heart of West Hollywood, Los Angeles and Beverly Hills. The subject property is right below the coveted Bird streets and Trousdale Estates which feature homes in the tens of millions of dollars. Sunset Boulevard in West Hollywood is a dynamic mix of culture, entertainment and luxury, making it a must-visit destination in Los Angeles. Some of the highlights of the Sunset Strip in West Hollywood include iconic destinations such as Soho House, The Roxy Theater, The Viper Room, Chateau Marmont, The Comedy Store, Skybar at Mondrian and Iconic hotels including 1 Hotel West Hollywood, Pendry Hotel and The Edition Hotel. This is an incredible opportunity to any astute investor to acquire a generational property that should keep appreciating over time.
Location
State CA
County Los Angeles
Area C03 - Sunset Strip - Hollywood Hills West
Zoning WDR4*
Interior
Cooling Central Air, Wall/Window Unit(s)
Fireplace No
Laundry See Remarks
Exterior
Pool None
Community Features Mountainous, Sidewalks, Urban
Roof Type Composition,Shingle
Private Pool No
Building
Lot Description 0-1 Unit/Acre, Rectangular Lot
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 5560023032
Acceptable Financing Cash to New Loan
Listing Terms Cash to New Loan
Special Listing Condition Standard
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Listed by Kunal Sethi • Sync Brokerage, Inc. • 818-614-4380