1323 N Harper Avenue

    West Hollywood, CA 90046
    • $4,750,000
    • STATUS: Active Under Contract
    • ON SITE: 250 days
    • ID#: SW18197916
    Under Contract
    UPDATED: 14 min ago
    $4,750,000
    • 0
      BEDS
    • 0.23
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 9,260
      SQFT
    • $513
      $/SQFT
    Type:
    Multi-Family
    Built:
    1951
    County:

    School Ratings & Info

    Description

    PRICE REDUCED TO SELL! SELLER IS MOTIVATED.First time for sale in 50 years! South of Sunset, North of Fountain, East of Sweetzer, West of Havenhurst.1323 and 1327 N. Harper and 8200 DeLongpre belong to this especially well located apartment community.Sits next to upgraded 3 story beautiful apartments with the same motif that rent for up to 5k. Sits across from the gorgeous Isola Bella apartments that rent as high as 8.8k per month! NOI is $160,743 for 2018 Market NOI is approx. 210k Value Add NOI is much higher.See attached Supplements Seller is MOTIVATED.Upgraded Electrical Panels and Copper Plumbing.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-04-22T10:30:55.137. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
    www.fredsedgroup.com/homes/86566460

    1323 N Harper Avenue West Hollywood, CA 90046

    • Price: $4,750,000
    • Status: Active Under Contract
    • Updated: 14 min ago
    • ID#: SW18197916
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.23
    Acres
    9,260
    SQFT
    $513
    $/SQFT
    1951
    Built
    Neighborhood:
    C10 - West Hollywood Vicinity
    County:
    Los Angeles
    Area:
    C10 - West Hollywood Vicinity
    Property Description
    PRICE REDUCED TO SELL! SELLER IS MOTIVATED.First time for sale in 50 years! South of Sunset, North of Fountain, East of Sweetzer, West of Havenhurst.1323 and 1327 N. Harper and 8200 DeLongpre belong to this especially well located apartment community.Sits next to upgraded 3 story beautiful apartments with the same motif that rent for up to 5k. Sits across from the gorgeous Isola Bella apartments that rent as high as 8.8k per month! NOI is $160,743 for 2018 Market NOI is approx. 210k Value Add NOI is much higher.See attached Supplements Seller is MOTIVATED.Upgraded Electrical Panels and Copper Plumbing.
    Exterior Features

    Architectural Style Mid Century ModernSpanish Carport Spaces 9.00 Garage Spaces 0.00 Lot Features Lot 6500-9999 Lot Size Source Assessor Lot Size Units Square Feet Parking Features AssignedAttached CarportDriveway LevelOff StreetOn Site Parking Total 15.00 Parking YN Yes Pool Features None Pool Private YN No Property Attached YN Yes

    Interior Features

    Appliances Gas Range Appliances YN Yes Average Studio Area Units Square Feet Average1 Bed Area 850 Average1 Bed Area Units Square Feet Average2 Bed Area 1040 Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls 2+ Common Walls Cooling Wall/Window Unit(S) Cooling YN Yes Flooring CarpetLaminateTileWood Heating Natural Gas Heating YN Yes Interior Features Copper Plumbing FullCopper Plumbing Partial Laundry Features CommunityIndividual Room Levels Two

    Property Features

    Additional Parcels YN No Association Fee 0.00 Association YN No Building Area Units Square Feet Cap Rate 3.38 Community Features Street LightsUrban Country Us Elevation Units Feet Gross Income 216531.00 Gross Operating Income 204473.00 Gross Scheduled Income 209415.00 Insurance Expense 0.00 Land Lease YN No Laundry Equipment Own Lease Lease Laundry Income 639.00 Laundry YN Yes Net Operating Income 160743.00 New Construction YN No New Taxes Expense 0.00 Number Of Separate Electric Meters 10 Number Of Separate Gas Meters 10 Number Of Separate Water Meters 1 Number Of Units Leased 10 Number Wall AC 14 Number With Range 10 Operating Expense 43730.00 Present Loans 500000 Professional Management Expense 0.00 Property Sub Type Apartment Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tax Annual Amount 6580.00 Tax Rate 1.10 Tax Year 2018 Tenant Pays ElectricityGasTelephone Total Actual Rent 209712.00 Total Expenses 0.00 Trash Expense 0.00 Vacancy Allowance 4942 Walk Score 86 Water Sewer Expense 0.00 Water Source Public Year Built Source Assessor Zoning Wdr4*

    Listing provided courtesy of Robyn Wonnell of Kw Temecula


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-04-22T10:30:55.137. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
     
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