Paloma Realty Partners is proud to present 8730-8736 Holloway Drive, a 16-unit value-add multifamily offering located in the heart of West Hollywood just steps from the world-famous Sunset Strip. This is a rare opportunity to acquire two adjacent eight-unit buildings on separate APNs totaling 10,744 SF of rentable space, situated… Read More on a 12,014 SF lot. The property features a mix of renovated and classic one-bedroom units, with seven current vacancies. Investors have immediate lease-up potential and the ability to capitalize on West Hollywood's premium rental rates, which range from $2,750 to $3,250 for similar units. The property comes with 16 parking spaces(12 covered, 4 open) and is located close to popular hotspots, keeping the neighborhood in high demand among affluent renters. Read Less
Property listed by Paloma Realty Partners, Inc., Adam Kanizo 310-392-2436
Listing Snapshot
Days Online
52
Last Updated
Property Type
Other
Beds
16
Square Ft.
10,744
Lot Size
0.28 Acres
Year Built
1950
MLS Number
25586183
30 Days Snapshot Of 90069
$1.84M
-18%
(avg) sold price
22
+10%
homes sold
107
+10%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
Dishwasher, Dryer, Washer
Building
Built in 1950, Building area total: 10,744, Levels: Two, Living area: 10744, 2 stories, 2 buildings
Heating
None
Income
Gross income: $433,700, Net operating income: $291,432
Lot
0.28 acres, 12,197 square feet, Size: 12,197
Parking
4 open parking spaces, 16 totals parking, Covered
Property
Zoning: WDR4*
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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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