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$1,950,000
Est. payment /mo
6 Beds
4 Baths
2,984 SqFt
UPDATED:
12/11/2024 07:37 PM
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 2,984 sqft
Price per Sqft $653
MLS Listing ID 24436081
Bedrooms 6
Construction Status Updated/Remodeled
HOA Y/N No
Year Built 1947
Lot Size 6,673 Sqft
Property Description
We are pleased to present a four (4) unit apartment building located at 1251 N Detroit Street in West Hollywood, California. The subject property is situated in a prime West Hollywood location, south of Fountain Avenue and west of N La Brea Avenue. Built in 1947, this property contains a good unit mix of two (2) one-bedroom / one-bathroom units and two (2) two-bedroom / one-bathroom units. The asset will be de livered 75% vacant. Select units have also been renovated with new appliances, cabinets, windows, sinks, and in unit washer and dryer. This offering also includes RTI plans for a duplex consisting of two (2) three-bedroom / two-bathroom units that will be situated between the two existing structures. Tenants will love living within only a couple miles from the Sunset Strip, Hollywood Boulevard, and numerous fashion, art, and entertainment amenities that West Hollywood has to offer. The neighborhood attracts many young professionals given the film, fashion, and art industry presence in this location. Plenty of dedicated street parking is available. Situated in the coveted 90046 zip code, this offering presents an excellent opportunity for any investor to capitalize on a 75% vacant property with RTI plans for two additional units while still getting a highly levered residential loan.
Location
State CA
County Los Angeles
Area C10 - West Hollywood Vicinity
Zoning WDR3C*
Interior
Heating Wall Furnace
Fireplace No
Exterior
Parking Features On Street
Pool None
View Y/N Yes
View City Lights
Porch Covered
Private Pool No
Building
Lot Description Landscaped, Rectangular Lot
Story 2
Entry Level Two
Architectural Style Craftsman
Level or Stories Two
New Construction No
Construction Status Updated/Remodeled
Others
Senior Community No
Tax ID 5531008009
Special Listing Condition Standard
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Listed by Jason Tuvia • Marcus & Millichap