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Ernie Caponera

ernie@newport-properties.com +1(714) 606-0926

$2,149,000

Est. payment - /mo

7 Beds

6 Baths

3,208 SqFt

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Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 3,208 sqft

Price per Sqft $669

MLS Listing ID 26876391

Bedrooms 7

HOA Y/N No

Year Built 1920

Lot Size 7,562 Sqft

Property Description

Located in the heart of West Hollywood, this 3-unit property is a standout opportunity for investors seeking income and long-term upside as well as owner users looking to live in a home which could also pay for itself. At the front of the property is a beautifully renovated 3-bedroom, 2-bathroom single family residence updated within the past year. It is complemented by a rear building of two identical 2-bedroom, 2-bathroom units, each with access to covered carport parking at the end of the private driveway. All three units are currently leased, providing reliable and consistent income from day one with a current cap rate of about 5%. With market value rents, this property projects a cap rate of about 6.7%. Ideally positioned near Santa Monica Blvd, this is a rare chance to own an income-producing asset with meaningful room to grow, just minutes from the shops and dining West Hollywood has to offer.

Location

State CA

County Los Angeles

Area C10 - West Hollywood Vicinity

Zoning WDR3C*

Interior

Interior Features Ceiling Fan(s)

Flooring Tile, Wood

Fireplaces Type Bath, Dining Room, Family Room, Kitchen

Fireplace Yes

Appliance Built-In, Microwave, Oven, Range, Refrigerator, Dryer, Washer

Laundry In Carport

Exterior

Parking Features Carport, Driveway

Carport Spaces 3

Pool None

Total Parking Spaces 6

Private Pool No

Building

Lot Description Front Yard

Faces West

Story 2

Entry Level Two

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 5530003014

Special Listing Condition Standard

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Listed by Jacob Greene Douglas Elliman of California, Inc. #01933997

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"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(714) 606-0926

ernie@newport-properties.com

2747 E COAST HWY Unit 200, CORONA DEL MAR, California 92625, USA

1154 N Ogden DR West Hollywood, CA 90046

Ernie Caponera

Key Details

Location

Interior

Exterior

Building

Others

Nearby Locations

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1154 N Ogden DR