03/14/2022
💥JUST SOLD 💥 9 UNIT APARTMENT IN WEST HOLLYWOOD! 35 % UPSIDE ON RENTS.
Originally listed for $3,095,000, I was able to negotiate this offer and receive a discount on list price by $95,000. This property has recently completed its soft story earthquake retrofit and the a new roof was recently installed. The building has tremendous upside with a conservative 35% upside in rents. This apartment complex is located on a beautiful wide street with new construction developments in and around the property. I represented the buyer on this sale. Congrats to buyers and sellers of this property.
9 - units in the highly sought-after submarket of West Hollywood located south of Santa Monica Blvd and east of Fairfax Avenue. The building consists of 7 - 1 bedroom + 1 bath, 1 - 2 bedroom + 1 bath and 1 - 2 bedroom + 1.5 bath units. Many of the units have been renovated. The rents are below market with 35% upside. The building has been well maintained with the same owner for over 20 years. There is a new roof and the earthquake soft story retrofit work has been completed. There is controlled access entry. It is individually metered for gas and electricity. On site laundry. There are 4 tandem parking spaces. Close to restaurants, shops, Hollywood and Beverly Hills.
📍924 N. Curson Ave., West Hollywood, CA 90046
💰 OFFERED PRICE $3,095,000
💰 SOLD PRICE $3,000,000
🏣 9 Units - 11 Bedrooms| 10 Bathrooms | 6,533 sq. ft. | 6,450 sf. lo.t
👨🏻💻 Buyer by , Seller by Michael Salerno at Lee & Associates.
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If you are interested in selling your property for all time high prices, contact Sasha Rahban | Real Estate