Price $2,900,000
Status Active
Beds 0
Baths 0 Bath
Home size 6,756 sqft
Lot Size 6,099 sqft
Days on Market 72
Presenting 1041 North Stanley Avenue, an 8-unit apartment asset in West Hollywood, one of the most desirable submarkets of Los Angeles. Located a half a block south of Santa Monica Boulevard and five blocks east of Fairfax, 1041 North Stanley Avenue tenants enjoy some of the hottest restaurants, shopping and nightlife within walking distance. Built in 1957, the property has an advantageous unit mix of (5) two-bedroom/two-bathroom and (3) one-bedroom/one-bathroom units with 8 parking spaces. This asset offers an investor a rare opportunity to own a value-add apartment asset in a class A location and neighborhood in West Hollywood. The current units are ripe for luxury renovations and offer a 63% upside potential in rental income. Densely packed into 1.9 walkable square miles, West Hollywood includes a vast culinary landscape, the Sunset Strips notorious nightlife, designer flagships lining the Design District, celebrity hot spots, global annual events, premier spas, fitness centers and entertainment. With the median price of homes at $1.82 million, 1041 North Stanley Avenue is in a highly sought-after location.
Property Type(s): Residential Income
Last Updated 7/14/2021 Year Built 1957
Community West Hollywood Vicinity County Los Angeles

Additional Details

AIR None
APPLIANCES Gas Cooktop, Gas Oven
AREA West Hollywood Vicinity
GARAGE Carport, Covered
INTERIOR Ceiling Fan(s)
LOT 6098 sq ft
PARKING Covered,Carport



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Listing provided by : Kimberly Roberts Stepp CalDRE: 01251767, Stepp Commercial

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