We are proud to exclusively present for sale a 10 unit residential income property just outside of West Hollywood. The adjacent 9 unit building is also available for sale. Central, central, central! Just off Melrose Ave., and around the corner from the Central Fairfax District and Fairfax… Read More High School (with it's weekend Melrose Trading Post), this property is right dab in the middle of a Walker's Paradise, surrounded by shops, fine and casual dining, sought-after nightlife, and pretty much anything trendy one can think of! Long-term owners have lovingly cared for the building over the years, and with new and longer-term tenants, rents are still averaging around 27% below market. The building's tuck-under parking has been mitigated, with the already-completed Soft Story Seismic Retrofit work. And there's always potential for ADUs! The offering features bright units that each cover the whole width of the building, and spacious layouts ranging from 652 square feet to 936 square feet eachwith a Single at 295 square feet! There are three sets of tandem parking spaces in the front and five gated parking spaces in the back, accessible from the alley. Lots of jobs in the area, but situated on a calm residential street with permit parking! Walking distance to The Grove, the 3rd Street Shopping District, the Beverly Center and more! The property currently shares some services with the neighboring building, such as garbage, garage gates and laundry room. Read Less
Property listed by Keller Williams Beverly Hills, Dario Svidler 310-432-6400
Listing Snapshot
Days Online
90
Last Updated
Property Type
Other
Beds
12
Square Ft.
7,392
Lot Size
0.17 Acres
Year Built
1965
MLS Number
25501215
30 Days Snapshot Of 90048
$2.31M
-11%
(avg) sold price
7
-36%
homes sold
102
-15%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1965, Building area total: 7,392, Levels: Two, Living area: 7392, 2 stories, 1 building
Income
Gross income: $233,775, Net operating income: $143,895
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.
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