1268 N Sweetzer Avenue

    West Hollywood, CA 90069
    • $3,345,000
    • STATUS: Active
    • ON SITE: 73 days
    • MLS #: 19507556
    UPDATED: 56 min ago
    $3,345,000
    • 12
      BEDS
    • 0.13
      ACRES
    • 12
      BATHS
    • 0
      1/2 BATHS
    • 6,879
      SQFT
    • $486
      $/SQFT
    Type:
    Multi-Family
    Built:
    1957
    County:

    School Ratings & Info

    Description

    CONTACT BROKER FOR FULL MARKETING PACKAGE. Prime West Hollywood 8 unit building just over 1 block to Sunset Blvd. Excellent unit mix of 4-two bedroom two bath and 4-one bedroom one bath units. First time in the market in nearly 50 years, the property has been maintained impeccably by the ownership. Per Seller, both horizontal and vertical water pipes have been re-piped with copper plumbing as well as a new high quality pitched roof was replaced approximately 5 years ago. Property is separately metered for gas and electricity minimizing the owner's expenses. Select units have been luxuriously renovated to condominium standards featuring new high end kitchen cabinets, quartz countertops, stainless steel appliances, new bathrooms with designer finishes and split system air conditioning units. With significant upside of approx. 63% in rents, a savvy investor will be able to increase the cash flow of the Property and add value to the asset by increasing the rents as the units turnover

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    Based on information from CARETS as of 2019-11-18T18:46:45.913. The information being provided by CARETS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS, i-Tech MLS, PSRMLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this web site comes from the Internet Data Exchange (IDX) program of CARETS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

    Licensed in the State of California, USA.
    www.markwiseproperties.com/homes/98686148

    1268 N Sweetzer Avenue West Hollywood, CA 90069

    • Price: $3,345,000
    • Status: Active
    • Updated: 56 min ago
    • MLS #: 19507556
    12
    Beds
    12
    Baths
    0
    ½ Baths
    0.13
    Acres
    6,879
    SQFT
    $486
    $/SQFT
    1957
    Built
    Neighborhood:
    West Hollywood Vicinity (C10)
    County:
    Los Angeles
    Area:
    West Hollywood Vicinity (C10)
    Property Description
    CONTACT BROKER FOR FULL MARKETING PACKAGE. Prime West Hollywood 8 unit building just over 1 block to Sunset Blvd. Excellent unit mix of 4-two bedroom two bath and 4-one bedroom one bath units. First time in the market in nearly 50 years, the property has been maintained impeccably by the ownership. Per Seller, both horizontal and vertical water pipes have been re-piped with copper plumbing as well as a new high quality pitched roof was replaced approximately 5 years ago. Property is separately metered for gas and electricity minimizing the owner's expenses. Select units have been luxuriously renovated to condominium standards featuring new high end kitchen cabinets, quartz countertops, stainless steel appliances, new bathrooms with designer finishes and split system air conditioning units. With significant upside of approx. 63% in rents, a savvy investor will be able to increase the cash flow of the Property and add value to the asset by increasing the rents as the units turnover
    Exterior Features

    Parking Features Covered Parking Parking Spaces Total 9

    Interior Features

    Cooling Type Other Heating Type Other Interior Features Other Total Floors 2 Unit Furnished01 Unfurnished Unit Furnished02 Unfurnished Unit Furnished03 Unfurnished Unit Furnished04 Unfurnished Unit Furnished05 Unfurnished Unit Furnished06 Unfurnished Unit Furnished07 Unfurnished Unit Furnished08 Unfurnished Unit Furnished09 Partially Unit Furnished10 Partially Unit Furnished11 Partially Unit Furnished12 Partially Unit Furnished13 Partially Unit Number Of Bath01 2.0 Unit Number Of Bath02 1.0 Unit Number Of Bath03 2.0 Unit Number Of Bath04 1.0 Unit Number Of Bath05 2.0 Unit Number Of Bath06 1.0 Unit Number Of Bath07 2.0 Unit Number Of Bath08 1.0 Unit Number Of Bed01 2 Unit Number Of Bed02 1 Unit Number Of Bed03 2 Unit Number Of Bed04 1 Unit Number Of Bed05 2 Unit Number Of Bed06 1 Unit Number Of Bed07 2 Unit Number Of Bed08 1

    Property Features

    Adjusted Gross Income 186468.00 Assessed Improvement Value 197929.00 Assessed Land Value 69477.00 Buyer Financing Cash To New Loan Cap Rate 3.00 Country United States Of America Expense Total Annual 80394.00 Gross Operating Income 180874.00 Gross Rent Multiplier 17.90 Hoa YN N Legal Disclosures Take Property As IsRent Control Listing Terms Cash To New Loan Lot Size Source Vendor Enhanced Net Operating Income 100480.00 Number Of Buildings 1 Special Conditions Standard Sale Square Footage Source Vendor Enhanced Unit Monthly Rent01 3500.00 Unit Monthly Rent02 675.00 Unit Monthly Rent03 1309.36 Unit Monthly Rent04 2013.38 Unit Monthly Rent05 1343.14 Unit Monthly Rent06 2557.14 Unit Monthly Rent07 3300.00 Unit Monthly Rent08 756.01 Unit Projected Total Monthly Rent01 3500.00 Unit Projected Total Monthly Rent02 2800.00 Unit Projected Total Monthly Rent03 3500.00 Unit Projected Total Monthly Rent04 2800.00 Unit Projected Total Monthly Rent05 3500.00 Unit Projected Total Monthly Rent06 2800.00 Unit Projected Total Monthly Rent07 3500.00 Unit Projected Total Monthly Rent08 2800.00 Unit Total Monthly Rent01 3500.00 Unit Total Monthly Rent02 675.00 Unit Total Monthly Rent03 1309.36 Unit Total Monthly Rent04 2013.38 Unit Total Monthly Rent05 1343.14 Unit Total Monthly Rent06 2557.14 Unit Total Monthly Rent07 3300.00 Unit Total Monthly Rent08 756.01 Unit Type01 1 Unit Type02 1 Unit Type03 1 Unit Type04 1 Unit Type05 1 Units Total In Complex 8 Zoning Wdr4*

    Listing provided courtesy of Ramin Gheitanchi DRE#01501715 of Keller Williams Beverly Hills.


    Based on information from CARETS as of 2019-11-18T18:46:45.913. The information being provided by CARETS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS, i-Tech MLS, PSRMLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this web site comes from the Internet Data Exchange (IDX) program of CARETS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

    Licensed in the State of California, USA.
     
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