501 N San Vicente

  • $5,000,000
Sold West Hollywood, Design District
501 N San Vicente Blvd, West Hollywood CA 90048
Sold
501 N San Vicente Blvd, West Hollywood CA 90048
  • $5,000,000

Overview

  • Multifamily
  • Property Type
  • 6
  • Number of Units
  • N/A
  • Cap Rate
  • N/A
  • GRM
  • $833,333
  • Price/Unit

Description

2 buildings on side by side lots with modern units all VACANT in the heart of West Hollywood. 6 fully furnished and ready to be rented at full market rents, or great family compound. 2 parcels, 6 units plus a non-conforming one bedroom w/loft (buyer to do their own investigations) for a total of 7 units. 8 parking spaces inside two gated entrances. Penthouse unit is 2 bedroom 2 bath, 1350 square feet with loft and would make a great Owners Unit; fully furnished with modern furnishings, and ready to go. All have washer & dryers, all vacant, pick your own rents and tenants, next to Cedars Sinai and the Pacific Design Center, one block from Melrose and the Robertson Design District.

Future upside as both buildings have Tenant In Common paperwork so units can be sold as individual units at any time in the future. Buildings were totally renovated 8 years ago with top quality materials (PVC roofs), very low maintenance, and everything separately metered including water. Incredible investor opportunity to own beautiful modern units in excellent condition with great upside potential.

Details

  • Property Type: Multifamily
  • Property Status: Sold
  • Property Size: 5,570 Sq Ft
  • Lot Size: 8,348 Sq Ft
  • Bedrooms: 11
  • Bathrooms: 11
  • Year Built: 1975
  • Price: $5,000,000
  • Number of Units: 6
  • Price/Unit: $833,333
  • GRM: N/A
  • Price/SqFt: $897.67
  • CAP: N/A
  • Address 501 N San Vicente Blvd
  • City West Hollywood
  • State/county California
  • Zip/Postal Code 90048
  • Area Design District

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