
Seller's Agent in 2020
Rick Raymundo
Marcus & Millichap
(818) 219-6146
3 in this area
68 Total Sales
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.
Last Agent to Sell the Property
Marcus & Millichap License #01357019 Listed on: 08/03/2020
Home Type
Year Built
Lot Details
Parking
Home Design
Bedrooms and Bathrooms
Community Details
Listing and Financial Details
Date | Event | Price | Change | Sq Ft Price |
---|---|---|---|---|
12/03/2020 12/03/20 | Sold | $3,910,000 | -2.1% | $510 / Sq Ft |
08/03/2020 08/03/20 | For Sale | $3,995,000 | -- | $522 / Sq Ft |
Seller's Agent in 2020
Rick Raymundo
Marcus & Millichap
(818) 219-6146
3 in this area
68 Total Sales
Buyer's Agent in 2020
Eliza Kerndian
Keller Williams Beverly Hills
(310) 482-2500
1 in this area
31 Total Sales
Source: The MLS
MLS Number: 20-613336