NOT LISTED FOR SALE

7634 Hampton Ave West Hollywood, CA 90046

13 Beds
10 Baths
6,154 Sq Ft
6,669 Sq Ft Lot

Last Sold October 11, 2023

Last sale price $3,300,000 $536 Per Sq Ft

44 Days on Market

About This Home

As of October 2023

Huge 500k Price Reduction! 8 Unit building with 5 fully renovated units (3 vacant) in prime West Hollywood cash flowing at an amazing 5.5% Cap Rate and 12.9 GRM from day 1! 1 Attached (1bed/1bath) RTI ADU under construction which will improve the current financials to an incredible Current 6.2% Cap Rate, 11.6 GRM and only 377k/door after completion. Additional 24% upside to 7.2% Cap Rate and 10.4 GRM on the proforma. Diverse Unit Mix of 2 (2bed/1bath), 3 (1bed/1bath+den) and 3 (1bed/1bath) units. Individually metered for Gas & Electricity. RTI Plans for 1 Attached ADU in the storage area (Under Construction) + Prelim Plans for 2 Detached ADUs over the carport. All 5 units have been completely renovated and boast a high-end aesthetic with new modern cabinets, flooring, recessed lighting, new bathrooms, stainless steel appliances, washer/dryer inside, as well as major exterior capital improvements. This property is located in the heart of West Hollywood just minutes away from the iconic Sunset Strip, Beverly Hills, and within close proximity to many hip neighborhood attractions, restaurants, bars, and shops such as Delilah, Laurel Hardware, Employees Only, Bar Lubitsch, Formosa Cafe, and more popping up all around the area.

Last Agent to Sell the Property

Armin Soleimani

Global Platinum Properties, Inc. License #01846872 Listed on: 06/28/2023

Co-Listed By

Julio Ruiz

Global Platinum Properties, Inc. License #01911261

Last Buyer's Agent

Alex Galuz

Keller Williams Realty Calabasas License #01291486

Keller Williams Realty Calabasas

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1955

Lot Details

  • 6,667 Sq Ft Lot

Parking

  • Detached Carport Space

Interior Spaces

  • 6,154 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Microwave

Bedrooms and Bathrooms

  • 13 Bedrooms
  • 10 Bathrooms

Utilities

  • Window Unit Cooling System
  • Heating System Mounted To A Wall or Window

Community Details

  • 8 Units

Listing and Financial Details

  • Assessor Parcel Number 5530-007-016

Property Details

Home Type

Multi-Family

Year Built

Built in 1955

Lot Details

6,667 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Levels: Two
  • Street Number Display: Yes
  • Advertising Remarks: Huge 500k Price Reduction! 8 Unit building with 5 fully renovated units (3 vacant) in prime West Hollywood cash flowing at an amazing 5.5% Cap Rate and 12.9 GRM from day 1! 1 Attached (1bed/1bath) RTI ADU under construction which will improve the current financials to an incredible Current 6.2% Cap Rate, 11.6 GRM and only 377k/door after completion. Additional 24% upside to 7.2% Cap Rate and 10.4 GRM on the proforma. Diverse Unit Mix of 2 (2bed/1bath), 3 (1bed/1bath+den) and 3 (1bed/1bath) units. Individually metered for Gas & Electricity. RTI Plans for 1 Attached ADU in the storage area (Under Construction) + Prelim Plans for 2 Detached ADUs over the carport. All 5 units have been completely renovated and boast a high-end aesthetic with new modern cabinets, flooring, recessed lighting, new bathrooms, stainless steel appliances, washer/dryer inside, also major exterior improvements!
  • Living Area: 6154
  • Lot Acreage: 0.1531
  • Year Built: 1955
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Bedrooms: 13
  • Total Bathrooms: 10.00
  • Equipment: Ceiling Fan, Microwave, Refrigerator
  • Price Per S Q F T: 552.49

Exterior Features

  • Other Structures: None

Garage/Parking

  • Parking Garage: Carport Detached

Utilities

  • Cooling: Window Unit(s)
  • Heating: Wall Gas
  • Number Electric Meters: 8

Lot Info

  • Assessed Improvement Percent: 75.03
  • Assessed Improvement Value: 157168
  • Assessed Land Percent: 24.97
  • Assessed Land Value: 52292
  • Total Assessed Value: 209460
  • Assessor Parcel Number: 5530-007-016
  • Lot Size Area: 6667

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109, 2110, 2111, 2112, 2113
  • Gross Rent Multiplier: 12.90
  • Number Of Units: 8
  • Type Of Units: Lowrise
  • Vacancy Allow Percent: 3.00
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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 List to Sale Price per Sq Ft
10/11/2023 10/11/23 Sold $3,300,000 -2.9% $536 / Sq Ft
08/11/2023 08/11/23 Pending -- -- --
08/07/2023 08/07/23 Price Changed $3,400,000 -5.4% $552 / Sq Ft
07/20/2023 07/20/23 Price Changed $3,595,000 -4.1% $584 / Sq Ft
06/28/2023 06/28/23 For Sale $3,750,000 -- $609 / Sq Ft
Source: The MLS

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $41,772 $3,366,000 $2,040,000 $1,326,000
2024 $41,772 $3,300,000 $2,000,000 $1,300,000
2023 $32,298 $2,499,000 $2,040,000 $459,000
2022 $4,705 $209,460 $52,292 $157,168
2021 $4,912 $205,354 $51,267 $154,087
2019 $4,787 $199,906 $49,748 $150,158
2018 $4,666 $196,000 $48,773 $147,227
2016 $4,406 $187,776 $46,880 $140,896
2015 $4,363 $184,956 $46,176 $138,780
2014 $4,413 $181,334 $45,272 $136,062
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 23-285527

The MLS
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