Seller's Agent in 2023
Armin Soleimani
Global Platinum Properties, Inc.
(310) 666-2246
2 in this area
64 Total Sales
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
Global Platinum Properties, Inc. License #01846872 Listed on: 06/28/2023
| 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 |
| 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 |
Seller's Agent in 2023
Armin Soleimani
Global Platinum Properties, Inc.
(310) 666-2246
2 in this area
64 Total Sales
Seller Co-Listing Agent in 2023
Julio Ruiz
Global Platinum Properties, Inc.
(818) 524-0706
1 in this area
47 Total Sales
Buyer's Agent in 2023
Alex Galuz
Keller Williams Realty Calabasas
(310) 466-0888
2 in this area
41 Total Sales
Source: The MLS
MLS Number: 23-285527
Ask me questions while you tour the home.