8997 Keith Ave West Hollywood , CA 90069
Sale
$2,100,000
4 Units
6 Beds
6 Baths
2,554 Area(sq.ft.)
6,527 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 1 | 1 | 1 | No | $ 1,972 | $ 1,972 | $ 2,800 |
| Unit 2 | 1 | 2 | 2 | No | $ 2,403 | $ 2,403 | $ 2,900 |
| Unit 3 | 1 | 1 | 1 | No | $ 3,450 | $ 3,450 | $ 3,450 |
| Unit 4 | 1 | 2 | 2 | No | $ 2,533 | $ 2,533 | $ 3,550 |
| 4 | 4 | 6 | 6 | $ 10,358 | $ 10,358 | $ 12,700 |
| MLS #: | 24-381389 |
| Days On Market: | 1 |
| County: | Los Angeles |
| Property Type: | Residential Income |
| Price per ft2: | $ 822 |
| Price per unit: | $ 525,000 |
| Year Built: | 1918 |
Property Details
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.Interested in this Listing?
Miami Residence will connect you with an agent in a short time.
Income Details
| Vacancy Rate: | 25% |
| Gross Operating Income: | $ 120,568 |
| Total Annual Expense: | $ 34,530 |
| Net Operating Income: | $ 86,038 |
| Gross Annual Income: | $ 124,297 |
| Cap Rate: | 4.1% |
| Gross Rent Multiplier: | 16.90 |
Structure
| Amenities: | None |
| Type of Units: | Market |
| Buildings: | 3 |
| Levels: | Multi/Split |
| Security Features: | Gated |
| Style: | Spanish |
| View Description: | City |
Land & Parking
| Zoning: | WDR2* |
| Land Lease Type: | Fee |
| Parking Garage: | Controlled Entrance, Driveway |
Interior
| AC/Cooling: | Air Conditioning |
| Equipment: | Built-Ins, Dishwasher, Refrigerator, Range/Oven, Washer, Dryer, Stackable W/D Hookup |
| Heating: | Wall |
| Kitchen Features: | Remodeled |
| Laundry: | In Unit, Laundry Area |
| Laundry Equipment: | Own |
| Patio Features: | Roof Top Deck, Patio Open |
Exterior
| Pool: | No |
| Spa: | No |
Detailed Map
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