Exceptional owner-user or investment opportunity in one of West Hollywood's most desirable residential neighborhoods. Offering a 5.41% CAP, 13.16 GRM, $96,643 NOI and $135,600 in gross annual income, this four-unit property combines strong current returns with an attractive owner-user opportunity. The beautifully updated 2-bedroom front residence is ideal for owner-user occupancy and features its own large, private and secluded yard and patio, while the three additional units currently generate $7,300 per month in rental income.Set behind mature hedging on a 6,157-square-foot lot, the property offers exceptional privacy, multiple outdoor spaces and a true residential feel. Each unit features updated kitchens and baths, in-unit laundry and private outdoor areas.An outstanding opportunity for an owner-user looking to enjoy the privacy and outdoor space of a single-family residence while benefiting from substantial rental income, or an investor seeking strong current returns in a prime West Hollywood location. Moments from Melrose Avenue, Santa Monica Boulevard and some of the area's best dining, shopping and entertainment. Some photos have been virtually staged.
| MLS # | 26842389 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1947 |
| Days On Site | 104 |
| Listing Provided By | Berkshire Hathaway HomeServices California Properties | Brian Joy |
| Bed(s) | 5 |
|---|---|
| Bath(s) | 4 |
| SQ Feet | 1,950 |
| Story(s) | 1 |
| Units | 4 |
| Building(s) | 3 |
| Zoning | WDR2* |
| Acreage | 0.14 |
| Parking Features | Driveway |
|---|
| State | CA |
|---|---|
| County | Los Angeles |
| City | West Hollywood |
| Zip Code | 90046 |
| Area | C10 West Hollywood Vicinity |
| Listing VS Median (in 90046) | |
Price: $1,785,000 low | high Med: $699,000 sqft: 1,950 low | high Med: 1,434 $ / sqft: $915 low | high Med: $487 On site: 104 low | high Med: 167 | |
| State | CA |
|---|---|
| County | Los Angeles |
| City | West Hollywood |
| Zip Code | 90046 |
| Area | C10 West Hollywood Vicinity |
| Listing VS Median (in 90046) | |
Price: $1,785,000 low | high Med: $699,000 sqft: 1,950 low | high Med: 1,434 $ / sqft: $915 low | high Med: $487 On site: 104 low | high Med: 167 | |