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1030 N Edinburgh Avenue, West Hollywood, CA 90046 (MLS # 21786236)

Price $3,295,000
Status Conditional
Beds 0
Baths 0 Bath
Home size 8,080 sqft
Lot Size 6,099 sqft
Days on Market 96
A nine-unit value-add investment opportunity in the highly sought-after submarket of West Hollywood located just west of Fairfax Ave between Santa Monica Blvd and Melrose Ave. This ideal location is walking distance to many desirable destinations such as Whole Foods, Laurel Hardware, Ysabel, Employees, plus many others.The building features a desirable unit mix of seven spacious one-bedrooms (+\-700-850 SF) and two two-bedrooms (+\- 1,000 SF) with 10 parking spaces. Most of the units are leased at below market rents, providing an investor the opportunity to capture the 43% rental upside through further interior renovations as units turn (currently 2 units are vacant). The building has been well-maintained throughout the years with a new roof installed in 2021, copper plumbing throughout and a completely upgraded fire sprinkler system. Additionally, the property has a community laundry room with one washer and one dryer, is separately metered for gas and electricity and has a storage room at the rear of the property that could potentially be converted to an ADU (Buyer to verify).West Hollywood is one of the most coveted submarkets in Los Angeles and a top travel destination attracting those in entertainment, fashion, and entrepreneurship. The subject property has an incredibly high walk score of 95 with prominent dining and nightlife options to choose from. Tours by appointment only. Please do not visit the property or disturb current tenants. Thank you.
Property Type(s): Residential Income
Last Updated 11/30/2021 Year Built 1963
Community West Hollywood Vicinity County Los Angeles

Additional Details

AIR Wall/Window Unit(s)
AIR CONDITIONING Yes
APPLIANCES Gas Cooktop, Gas Range, Refrigerator
AREA West Hollywood Vicinity
HEAT Natural Gas
HOA DUES 0
INTERIOR Ceiling Fan(s)
LOT 6254 sq ft
POOL DESCRIPTION None
STORIES 2
ZONING WDR3B

Location

 

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Listing provided by : Neema Ahadian CalDRE: 01346750 | 310-909-5444, Marcus & Millichap

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Based on information from California Regional Multiple Listing Service, Inc. as of 12/5/21 2:35 PM PST 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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