$2,600,000

1016 N Crescent Heights Blvd Los Angeles, CA 90046

Estimated payment $16,767/month

Total Views 129
2 Beds
2 Baths
7,650 Sq Ft
$340 Price per Sq Ft

About This Home

We are pleased to present 1016 N Crescent Heights Blvd., West Hollywood, a rare 8-unit multifamily investment opportunity in one of Los Angeles’ most prestigious rental markets. The property features an ideal unit mix of all two-bedroom, two-bathroom apartments, providing exceptional tenant appeal and strong rent growth potential. Six of the eight units will be delivered vacant at closing, giving investors the immediate ability to renovate and capture top-of-market rents in a high-demand submarket with historically low vacancy rates.

Positioned in a highly walkable neighborhood surrounded by premier dining, shopping, nightlife, and entertainment, the property benefits from consistently strong rental demand. Each unit is separately metered, minimizing operating expenses, and the building’s clean exterior and well-maintained condition enhance its curb appeal. Opportunities to acquire a property of this caliber with such significant value-add potential in West Hollywood are exceedingly rare, making 1016 N Crescent Heights Blvd. an outstanding choice for investors seeking both immediate income growth and long-term appreciation. Trophy property!

Listing Agent

Akash Saini

Keller Williams Realty Calabasas Brokerage Phone: 916-704-4184 License #02010158 Listed on: 08/14/2025

Keller Williams Realty Calabasas

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1960

Lot Details

  • 6,550 Sq Ft Lot
  • 1 Common Wall
  • Private Yard

Home Design

  • Apartment

Interior Spaces

  • 7,650 Sq Ft Home
  • 3-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Tax Lot 11
  • Tax Tract Number 3425
  • Assessor Parcel Number 5529024010
  • $2,502 per year additional tax assessments

Community Details

Building Details

  • Rent Control
  • 9 Separate Electric Meters
  • 9 Separate Gas Meters
  • 1 Separate Water Meter
  • Gross Income $283,900
  • Net Operating Income $19,600

Additional Features

  • 8 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Price Per Unit: 325000
  • Property Attached: Yes
  • Zoning: WDR3C*
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 5529024010
  • Year Built: 1960
  • Special Features: None

Interior Features

  • Stories: 3
  • Entry Location: Street
  • Common Walls: 1 Common Wall
  • Entry Level: 1
  • Levels: Two, Three Or More
  • Price Per Square Foot: 339.87

Exterior Features

  • Pool Private: No

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area, Community
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Walkstreet, Yard
  • Lot Size Sq Ft: 6550.00
  • Lot Size Acres: 0.1504

Multi Family

  • Gross Income: 283900.00
  • Gross Scheduled Income: 283900.00
  • Lot Size Area: 6550.0000 Square Feet
  • Net Operating Income: 19600.00
  • Number Of Separate Electric Meters: 9
  • Number Of Separate Gas Meters: 9
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 8
  • Operating Expense: 79100.00
  • Rent Control: Yes

Tax Info

  • Tax Census Tract: 7002.00
  • Tax Lot: 11
  • Tax Tract Number: 3425
  • TaxOtherAnnualAssessmentAmount: 2502.00

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/14/2025 08/14/25 For Sale $2,600,000 -- $340 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR25183943

California Regional Multiple Listing Service (CRMLS)

California Los Angeles County Los Angeles 90046

1016 N Crescent Heights Blvd, Los Angeles, CA

This home is located at 1016 N Crescent Heights Blvd, Los Angeles, CA 90046 and is currently priced at $2,600,000, approximately $339 per square foot. This property was built in 1960. 1016 N Crescent Heights Blvd is a home located in Los Angeles County with nearby schools including Laurel Elementary, Fairfax High School, and Larchmont Charter School.

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Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. 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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Akash Saini
Listing Agent
Akash Saini
Section Image
Keller Williams Realty Calabasas
(714) 987-3310