1117 N Clark St West Hollywood , CA 90069
Sale
$2,195,000
4 Units
8 Beds
5 Baths
3,573 Area(sq.ft.)
5,976 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 1 | 1 | 1 | No | $ 1,309 | $ 1,309 | $ 3,000 |
| Unit 2 | 2 | 1 | 1 | No | $ 1,255 | $ 1,255 | $ 3,000 |
| Unit 3 | 3 | 2 | 1 | No | $ 1,908 | $ 1,908 | $ 4,200 |
| Unit 4 | 4 | 3 | 2 | No | $ 1,904 | $ 1,904 | $ 6,000 |
| Unit 5 | 5 | studio | 1 | No | $ 900 | $ 900 | $ 1,900 |
| 5 | 15 | 21 | 19 | $ 21,658 | $ 21,658 | $ 55,100 |
| MLS #: | 24-375621 |
| Days On Market: | 8 |
| County: | Los Angeles |
| Property Type: | Residential Income |
| Price per ft2: | $ 614 |
| Price per unit: | $ 548,750 |
| Year Built: | 1938 |
Property Details
Introducing a unique investment opportunity in the heart of West Hollywood. Totaling 3573 square feet of living space on a 5976 square foot lot. This is a character-filled fourplex which could be a perfect owner/user opportunity, making its debut on the market after decades, enjoys a coveted location just steps away from the premier shopping and dining destinations of Sunset Boulevard. Positioned north of Sunset and nestled behind the iconic Whisky A Go Go, this property offers unparalleled convenience to local amenities and entertainment hubs. Get in early as this location is primed for major investment and redevelopment of the Viper Room and the proposed 269,263 gross square foot mixed use and hotel development. Currently generating consistent income with huge upside revenue potential, the property showcases its original architectural charm and offers flexibility for customization. Each of the four residences boasts distinct layouts and some have captivating 180 views. The primary residence features a generous 3-bedroom, 2-bathroom layout spanning 1326 square feet, complete with a 4-car garageideal for an owner/user seeking supplemental rental income. A serene courtyard separates the main residence from the rear structure, which comprises three legal units and a studio, offering a total of two 1-bedroom, 1-bathroom units and one 2-bedroom, 1-bathroom unitall individually metered for utilities. Parking is abundant with the four garage spaces and three tandem spots, ensuring convenience for residents and guests alike. Ideally situated at 1117-1119 Clark Street, this property presents a compelling value-add opportunity for discerning investors seeking prime real estate in an A+ location. Whether you're looking for a profitable investment or a unique owner/user scenario, don't miss your chance to claim this exceptional property in one of West Hollywood's most sought-after neighborhoods.Interested in this Listing?
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Income Details
| Rent Control: | Yes |
| Gross Operating Income: | $ 89,325 |
| Total Annual Expense: | $ 41,288 |
| Net Operating Income: | $ 48,037 |
| Gross Annual Income: | $ 89,325 |
| Gross Rent Multiplier: | 25.00 |
Structure
| Type of Units: | Multiunits |
| Buildings: | 2 |
| Levels: | Two |
Land & Parking
| Zoning: | WDR4* |
| Parking Garage: | Side By Side, Garage - 4+ Car, Private Garage, Driveway |
Interior
| AC/Cooling: | Wall/Window |
| Equipment: | Range/Oven |
| Heating: | Wall Gas |
Exterior
Detailed Map
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Income
