958 Hancock Ave West Hollywood , CA 90069
Sale
$650,000
3 Units
6 Beds
3 Baths
2,477 Area(sq.ft.)
5,963 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 1 | 1 | 1 | No | $ 713 | $ 713 | $ 713 |
| Unit 2 | 1 | 1 | 1 | No | $ 1,145 | $ 1,145 | $ 1,145 |
| Unit 3 | 1 | 1 | 1 | No | $ 1,164 | $ 1,164 | $ 1,164 |
| 3 | 3 | 3 | 3 | $ 3,022 | $ 3,022 | $ 3,022 |
| MLS #: | 23-342085 |
| Days On Market: | 106 |
| County: | Los Angeles |
| Property Type: | Residential Income |
| Price per ft2: | $ 262 |
| Price per unit: | $ 216,667 |
| Year Built: | 1929 |
Property Details
This building is specifically intended for Very-Low, Low & Moderate-income tenants only. Rentals are subject to a covenant agreement with the City of West Hollywood that runs through 2058. Property is protected by the Mills Act. Historic Firehouse structure that was converted to residential use in the early 2000's. Unit interiors are large and pleasant, (some with hard wood floors) high ceilings and nicely appointed kitchens and baths. The subject property sits in prime West Hollywood and is just a short distance from the world famous Sunset Strip! This is ground zero for entertainment, legal, financial, educational, health care, governmental & restaurant services jobs. Close to all that Los Angeles has to offer including theaters, dining, world renown night clubs and bars and world class retail shopping districts. This is one of the most coveted rental markets in all of Los Angeles and the diverse and progressive tenant base adds to the locations allure.Interested in this Listing?
Miami Residence will connect you with an agent in a short time.
Income Details
| Rent Control: | Yes, 100% |
| Gross Operating Income: | $ 36,269 |
| Total Annual Expense: | $ 13,136 |
| Net Operating Income: | $ 23,373 |
| Gross Annual Income: | $ 36,269 |
| Gross Rent Multiplier: | 17.92 |
Structure
| Type of Units: | Apartments |
| Buildings: | 1 |
| Levels: | One |
| Style: | Tudor |
| View Description: | None |
| Water: | District |
Land & Parking
| Zoning: | WDR4* |
| Parking Garage: | None |
Interior
| AC/Cooling: | Central, Air Conditioning |
| Equipment: | Garbage Disposal, Dishwasher |
| Heating: | Central |
| Laundry: | Room |
| Laundry Equipment: | Own |
| Patio Features: | None |
Exterior
| Exterior Construction: | Brick |
| Pool: | No |
| Roof: | Composition, Shingle |
| Spa: | No |
Detailed Map
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Income
