1327 N Harper Avenue

  • West Hollywood

  • $5,200,000
Share

Residential Income Details

Description
PRICE REDUCTION! PRICE REDUCTION!! PRICE REDUCTION!!! BEST LOCATION IN ALL OF WEST HOLLYWOOD!!! DRIVE BY TO REALLY SEE HOW GREAT THIS PROPERTY IS!!! FIRST TIME FOR SALE IN 50 YEARS! THE HERSHBERG RESIDENCES HAVE BEEN PASSED DOWN FROM GENERATION TO GENERATION. WELL SITUATED JUST ABOVE FOUNTAIN AVENUE AND JUST BELOW SUNSET BLVD. NEAR A PRESTIGIOUS HISTORICAL AREA. eXCELLENT LOCATION! WONDERFUL FLOOR PLANS THAT DISPLAYS THE ELEGANCE OF THE PAST, WITH SOME MODERN UPDATES AND SERENE VIEWS TO MATCH. SURROUNDED BY NEW UPSCALE RESIDENTIAL APARTMENTS, CONDOS AND TOWNHOUSES THAT RENT FOR $4,995 TO $5,500 AND MORE PER MONTH. UPDATE TO YOUR TASTE OR TEAR DOWN, BUILD MORE UNITS AND USE YOUR IMAGINATION TO CREATE A NEW STANDARD. THE CITY MAY ALLOW UP TO 17 UNITS IF 20% ARE AFFORDABLES. EXCELLENT EXCELLENT EXCELLENT LOCATION. THIS IS A ONCE IN A LIFETIME OPPORTUNITY.........TO OWN THIS APARTMENT COMMUNITY IN A ONE OF A KIND LOCATION. THIS AREA HAS ONE OF THE HIGHEST VALUES IN THE NATION. DON'T MISS OUT. MOST APARTMENT HOUSES IN THIS AREA NEVER BECOME AVAILABLE. Market Rent Value at a 3% cap rate is 7.3 million dollars If any retrofitting is required by the city or county, it can be negotiated into the price. Preliminary cost is 45k plus 7k in plan cost.
Essential
MLS #SW18121212
Price$5,200,000
Number of Units10
Sale TypeStandard
Sub-TypeApartment
StatusActive
Listing BrokerageKW Temecula
Listing AgentRobyn Wonnell
Listing Agent BRE #01353690
Interior
FeaturesCopper Plumbing Full,Copper Plumbing Partial
FloorCarpet,Laminate,Tile,Wood
AppliancesGas Range
CoolingWall Window
HeatingNatural Gas
Exterior
ParkingAssigned,Carport Attached,Driveway Level,Off Street,On Site
Garage Spaces0
PoolNone
Community
AreaC10 - West Hollywood Vicinity
CommunityStreet Lighting,Urban
Address1327 N Harper Avenue
CityWest Hollywood
CountyLos Angeles
StateCA
ZipCode90046
School

InquireNow

We ensure your contact information is kept secure.

Based on information from California Regional Multiple Listing Service, Inc. as of Saturday, September 22, 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.