$2,600,000
$100K PRICE DROP

Estimated payment $16,767/month

Total Views 123
13 Beds
13 Baths
7,374 Sq Ft
$353 Price per Sq Ft

About This Home

PRICE REDUCED! We are proud to exclusively present for sale a 9 unit residential income property just outside of West Hollywood. The adjacent 10 unit building is also available for sale. Central, central, central! Just off Melrose Ave., and around the corner from the Central Fairfax District and Fairfax High School (with it's weekend Melrose Trading Post), this property is right dab in the middle of a Walker's Paradise, surrounded by shops, fine and casual dining, sought-after nightlife, and pretty much anything trendy one can think of! Long-term owners have lovingly cared for the building over the years, and with new and longer-term tenants, rents are still averaging around 35% below market. The building's tuck-under parking has been mitigated, with the already-completed Soft Story Seismic Retrofit work. And there's always potential for ADUs! The offering features bright units that each cover the whole width of the building, and spacious layouts ranging from just over 700 square feet to just under 1,000 square feet each! There are three sets of tandem parking spaces in the front and five gated parking spaces in the back, accessible from the alley. Lots of jobs in the area, but situated on a calm residential street with permit parking! Walking distance to The Grove, the 3rd Street Shopping District, the Beverly Center and more! The property currently shares some services with the neighboring building, such as garbage, garage gates and laundry room.

Listing Agent

Dario Svidler

Keller Williams Beverly Hills License #01884474 Listed on: 08/14/2025

Keller Williams Beverly Hills

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1959

Lot Details

  • 7,501 Sq Ft Lot

Interior Spaces

  • 7,374 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 13 Bedrooms
  • 13 Bathrooms

Parking

  • 11 Parking Spaces
  • Side by Side Parking
  • Tandem Parking
  • Assigned Parking

Community Details

  • 9 Units
  • Rent Control

Listing and Financial Details

  • Assessor Parcel Number 5527-017-020

Property Details

Home Type

Multi-Family

Year Built

Built in 1959

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: Two
  • Street Number Display: Yes
  • Living Area: 7374
  • Lot Acreage: 0.1722
  • Probate: No
  • Stories: 2
  • Year Built: 1959
  • Number Of Photos: 13
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 13
  • Total Bathrooms: 13.00
  • Price Per S Q F T: 352.59

Exterior Features

  • Other Structures: None

Garage/Parking

  • Parking Garage: Assigned, Tandem, Side By Side
  • Total Parking: 11

Lot Info

  • Assessed Improvement Percent: 66.38
  • Assessed Improvement Value: 180014
  • Assessed Land Percent: 33.62
  • Assessed Land Value: 91168
  • Total Assessed Value: 271182
  • Assessor Parcel Number: 5527-017-020
  • Lot Size Area: 7501

Rental Info

  • Rent Control: Yes

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 13.25
  • Number Of Units: 9
  • Total Annual Expense: 76176
  • Type Of Units: Flat
  • Vacancy Rate: 0

Map

Range of Values:

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Average Value
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Sold Price
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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 Price Changed $2,600,000 0.0% $353 / Sq Ft
08/14/2025 08/14/25 For Sale $2,600,000 -3.7% $353 / Sq Ft
08/11/2025 08/11/25 Off Market $2,700,000 -- --
02/20/2025 02/20/25 For Sale $2,700,000 -- $366 / Sq Ft
Source: The MLS

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Source: The MLS

MLS Number: 25501119

The MLS