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    920 Westbourne Drive

    West Hollywood, CA 90069
    • $3,995,000
    • STATUS: Active
    • ON SITE: 76 days
    • ID#: 20613336
    UPDATED: 82 min ago
    $3,995,000
    • 0
      BEDS
    • 0.15
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Type:
    Multi-Family
    Built:
    1955
    County:

    School Ratings & Info

    Description

    Situated just three blocks from the world-renowned Sunset Strip, the property sits among numerous upscale hotels and famous fine dining locations. A new investor can enjoy the attractive initial 4.30% CAP rate while also capitalizing on the opportunity to continually improve the income to capture the approximately 21% rentupside.Helping the building to attract tenants are the numerous interior upgrades and amenities. The spacious apartments feature in-unit washer/dryers, stainless steel appliances, quartz countertops, recessed lighting, wood flooring, and fully remodeled bathrooms.Located north of Santa Monica Boulevard, between San Vicente Boulevard and La Cienega Boulevard, the property lies within the historic Norma Triangle, one of the most prestigious neighborhoods in West Hollywood. Tenants enjoy the buildings proximity to desirable shopping and dining establishments, as evidenced by its Walk Score of 96.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-10-19T18:32:09.243. 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 deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Realty. Licensed in the State of California, USA.

    www.therealestategirl.com/homes/108527082
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    920 Westbourne Drive West Hollywood, CA 90069

    • Price: $3,995,000
    • Status: Active
    • Updated: 82 min ago
    • ID#: 20613336
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.15
    Acres
    1955
    Built
    Neighborhood:
    C10 - West Hollywood Vicinity
    County:
    Los Angeles
    Area:
    C10 - West Hollywood Vicinity
    Property Description
    Situated just three blocks from the world-renowned Sunset Strip, the property sits among numerous upscale hotels and famous fine dining locations. A new investor can enjoy the attractive initial 4.30% CAP rate while also capitalizing on the opportunity to continually improve the income to capture the approximately 21% rentupside.Helping the building to attract tenants are the numerous interior upgrades and amenities. The spacious apartments feature in-unit washer/dryers, stainless steel appliances, quartz countertops, recessed lighting, wood flooring, and fully remodeled bathrooms.Located north of Santa Monica Boulevard, between San Vicente Boulevard and La Cienega Boulevard, the property lies within the historic Norma Triangle, one of the most prestigious neighborhoods in West Hollywood. Tenants enjoy the buildings proximity to desirable shopping and dining establishments, as evidenced by its Walk Score of 96.
    Exterior Features

    Lot Size Dimensions 45X166 Lot Size Source Estimated Lot Size Units Square Feet

    Property Features

    Country Us Gross Income 256584.00 Gross Multiplier 15.53 Gross Operating Income 249486.00 Net Operating Income 171895.00 Senior Community YN No Special Listing Conditions Standard Total Expenses 77591.00 Vacancy Allowance Rate 0.00 Zoning Wdr3c*

    Listing provided courtesy of Roderick 'Rick' Raymundo of Marcus & Millichap


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-10-19T18:32:09.243. 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 deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Realty. Licensed in the State of California, USA.

     
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