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Key Details
Sold Price $1,530,000
Property Type Commercial
Sub Type Other
Listing Status Sold
Purchase Type For Sale
Square Footage 4,807 sqft
Price per Sqft $318
MLS Listing ID CL24394565
Sold Date 06/14/24
HOA Y/N No
Year Built 1962
Lot Size 7,316 Sqft
Acres 0.17
Property Description
We are pleased to offer for sale an incredible multifamily asset located at 1223 Havenhurst Drive in the heart of West Hollywood. Originally built in 1962 and ideally situated on a large lot zoned R4, the building exemplifies mid-century charm. Available for the first time in decades, the property consists of generous sized efficiency, 1-bedroom, 2-bedroom, and 3-bedroom layouts with each unit offering a terrific spacious floor plan flooded with natural light. With 2 separate structures set around mature landscaped grounds, the property offers the astute investor with a quintessential value add opportunity. As current rents hover around $1.83/sqft, there is tremendous rental upside through a comprehensive renovation program as units turn. Additionally, the property offers its residents with amenities such as a sparkling pool and ample on-site parking. A walker's paradise, 1223 Havenhurst Drive is a great asset in an undeniably attractive location that will surely pay long-term dividends to a savvy investor. This rare offering presents an astute investor or developer with the unique opportunity to capitalize on higher market rents and to acquire a premier turnkey asset in one of the best rental locations in all of Los Angeles.
Location
State CA
County Los Angeles
Area Listing
Zoning WDR4
Interior
Heating Wall Furnace
Fireplace No
Building
New Construction No
Others
Tax ID 5554016010
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© 2024 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
Bought with JonathanTaksa