8997 Keith Avenue , West Hollywood, CA - 90069 is For Sale

  • 24381389
  • 24381389
  • 24381389
  • 24381389
  • 24381389
  • 24381389
  • 24381389
  • 24381389
  • 24381389
  • 24381389
  • 24381389
  • 24381389
  • 24381389
  • 24381389
  • 24381389
  • 24381389
  • 24381389
  • 24381389
  • 24381389
  • 24381389
  • 24381389
  • 24381389
  • 24381389
  • 24381389
  • 24381389
  • 24381389
  • 24381389
  • 24381389
  • 24381389
  • 24381389
$2,100,000· Income property

Description

We are pleased to present a four (4) unit apartment building located at 8997 Keith Avenue in West Hollywood, California. The subject property is situated in a prime West Hollywood location, north of Santa Monica Boulevard and east of N Doheny Drive. Built in 1918, this property contains a great unit mix of two (2) one-bedroom / one-bathroom units and two (2) two-bedroom / two-bathroom units. One (1) one-bedroom unit and one (1) two-bedroom unit have spacious rooftop patios. The units are well-maintained with each unit having in-unit washers and dryers or a dedicated washer and dryer in the laundry room for that specific unit. Equipped with a long gated driveway this complex also offers full on-site parking and a small dedicated laundry room. Tenants will love living just down the street from the Sunset Strip to the north, and Beverly Hills to the west. This pocket allows immediate access to incredible local amenities including the Troubador Theater, Sur Restaurant and Lounge, Soho House, Rocco's, and Insomnia Cookies. Situated in a prime West Hollywood location, this offering presents an excellent opportunity for any investor to capitalize on 30-year fixed residential financing to acquire a character, Spanish style asset with strong rental upside potential.

Features

MLS#: 24381389
List Price : $2,100,000
Total Units : 4
CAP rate : $4.10
Gross Operating Income : $120,568
Net Operating Income : $86,038
Sq M : 606 M2
Year Built : 1918
Days on market : 15 Days
Gross taxes : N/A
Address : 8997 Keith Avenue
City : West Hollywood
State : CA
Zip Code : 90069
Neighborhood : N/A
Appliances : Dishwasher, Refrigerator
Stories : 2
Laundry : Washer Included, Dryer Included, Stackable
Parking Features : Controlled Entrance, Driveway
Sale Type : Standard
Spa : None
View : City Lights
 
Property Type : Residential Income
Property Style : Spanish
Original List Price : $2,100,000
Acres : 0.1498
Lot Size (Acres) : 0.1498
Heating : Wall Furnace
Parking Features : Controlled Entrance, Driveway
Pool Desc : None
Security Safety : Gated Community
Flooring : Wood
Driving Directions : The subject property is situated in a prime West Hollywood location, north of Santa Monica Boulevard and east of N Doheny Drive.
Lot Features : Rectangular Lot, Landscaped
 
Courtesy of : Jason Tuvia , Marcus & Millichap

Location

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