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    920 Westbourne Dr

    West Hollywood, CA 90069
    • $3,995,000
    • STATUS: Active
    • ON SITE: 46 days
    • ID#: 20-613336
    UPDATED: 34 min ago
    $3,995,000
    • 13
      BEDS
    • 0.16
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 7,660
      SQFT
    • $522
      $/SQFT
    Neighborhood:
    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 the Combined LA/Westside Multiple Listing Service as of 2020-09-19T16:42:44.857. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
    www.lydiagable.com/homes/108526446
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    920 Westbourne Dr West Hollywood, CA 90069

    • Price: $3,995,000
    • Status: Active
    • Updated: 34 min ago
    • ID#: 20-613336
    13
    Beds
    0
    Baths
    0
    ½ Baths
    0.16
    Acres
    7,660
    SQFT
    $522
    $/SQFT
    1955
    Built
    Neighborhood:
    West Hollywood Vicinity
    County:
    Los Angeles
    Area:
    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 Area 6921 Other Structures None Parking Garage Garage Is Attached Total Parking 7

    Interior Features

    Baths Total 10.00 Cooling OtherAir Conditioning Equipment Other Heating Other

    Property Features

    Assessed Total Value 3003109 Gross Income 256584 Gross Operating Income 249486 Like Units1 7 Like Units2 3 Net Operating Income 171895.00 Number Of Buildings 1 Number Of Units 10 Sale Type Standard Source Living Area Vendor Enhanced Source Lot Size Area Estimated Source Lot Size Dimensions Vendor Enhanced Total Annual Expense 77591 Type Of Units Residential Year Built Source Vendor Enhanced Zoning Wdr3c*

    Listing provided courtesy of Roderick 'Rick' Raymundo DRE#01357019 of Marcus & Millichap.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-09-19T16:42:44.857. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
     
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    Lydia Gable Realty Group | Compass
    2945 Townsgate Road Suite 300
    Westlake Villiage CA, 91377