1016 N Crescent Heights Boulevard

  • West Hollywood

  • $5,000,000
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Residential Income Details

Description
This is a well-appointed 8-unit apartment complex at 1016 N. Crescent Heights Boulevard, West Hollywood, California. Located in a prime location, the property is comprised of two 2-bed/1.5-bath and six 2-bed/2- bath units. Together the spacious units—some with balconies—come to about 7,650 square feet of rentable space on 6,551 square feet of land. The property which features an on-site laundry facility and 16 parking spaces (8 tandem), has been well maintained since it was built in 1960. Seven of the units will be delivered vacant. The building is thought to have copper plumbing (buyer to verify), and is separately metered for gas and electricity. Furthermore, with a security camera and gated entry, the property is easy to manage with no need for an on-site manager. Located on a nice street just south of Santa Monica Boulevard this complex is close to various shops, restaurants and entertainment offered in the city of West Hollywood. Furthermore, the building sits mere minutes away from the world famous Hollywood and Sunset Boulevard. The property’s prime location, coupled with clear upside potential, make it a fantastic investment opportunity.
Essential
MLS #SR18190634
Price$5,000,000
Number of Units8
Sale TypeStandard
StatusActive
Listing BrokerageReza Ghobadi
Listing AgentReza Ghobadi
Listing Agent BRE #01780045
Interior
Exterior
ParkingGated
Garage Spaces16
PoolNone
Community
Area699 - Not Defined
CommunitySidewalks
Address1016 N Crescent Heights Boulevard
CityWest Hollywood
CountyLos Angeles
StateCA
ZipCode90046
School

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Based on information from California Regional Multiple Listing Service, Inc. as of Friday, August 10, 2018. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.