561 N Sweetzer Avenue

    West Hollywood, CA 90048
    • $3,200,000
    • STATUS: Active
    • ON SITE: 53 days
    • ID#: 18390624
    Price Reduced
    UPDATED: 47 min ago
    $3,200,000
    • 0
      BEDS
    • 0.13
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 7,550
      SQFT
    • $424
      $/SQFT
    Type:
    Multi-Family
    Built:
    1957
    County:

    School Ratings & Info

    Description

    On offer is a charming 9 Unit Apartment Building in a great location of West Hollywood. The building features one 3 bedroom, one 2 bedroom and seven 1 bedroom homes with large windows and some with outdoor space. The building has eight parking spaces. Sold with 3 vacant units, this building has great potential upside through interior and exterior upgrades. Walk to the trendiest intersection in Los Angeles at Melrose and La Cienega. Eat at the best restaurants or shop at all the best stores that the metropolitan area has to offer. Great visibility on a corner lot in one of the most pedestrian-friendly locations in the Los Angeles area!

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-11-20T18:34:06.593. 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/87988350

    561 N Sweetzer Avenue West Hollywood, CA 90048

    • Price: $3,200,000
    • Status: Active
    • Updated: 47 min ago
    • ID#: 18390624
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.13
    Acres
    7,550
    SQFT
    $424
    $/SQFT
    1957
    Built
    Neighborhood:
    C10 - West Hollywood Vicinity
    County:
    Los Angeles
    Area:
    C10 - West Hollywood Vicinity
    Property Description
    On offer is a charming 9 Unit Apartment Building in a great location of West Hollywood. The building features one 3 bedroom, one 2 bedroom and seven 1 bedroom homes with large windows and some with outdoor space. The building has eight parking spaces. Sold with 3 vacant units, this building has great potential upside through interior and exterior upgrades. Walk to the trendiest intersection in Los Angeles at Melrose and La Cienega. Eat at the best restaurants or shop at all the best stores that the metropolitan area has to offer. Great visibility on a corner lot in one of the most pedestrian-friendly locations in the Los Angeles area!
    Exterior Features

    Lot Size Units Square Feet Parking Features Other Parking YN Yes

    Interior Features

    Cooling See Remarks Cooling YN Yes Laundry Features See Remarks

    Property Features

    Cap Rate 2.90 Gross Multiplier 19.53 Gross Operating Income 163915.00 Improvements Amount 897600 Land Value 1346400 Laundry YN Yes Net Operating Income 95555.00 Special Listing Conditions Standard Total Expenses 68360.00 Zoning Wdr3c*

    Listing provided courtesy of Dario Svidler of Compass.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-11-20T18:34:06.593. 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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