NOT LISTED FOR SALE

920 Westbourne Dr West Hollywood, CA 90069

13 Beds
10 Baths
7,660 Sq Ft
6,921 Sq Ft Lot

Last Sold December 03, 2020

Last sale price $3,910,000 $510 Per Sq Ft

122 Days on Market

About This Home

As of December 2020

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

Rick Raymundo

Marcus & Millichap License #01357019 Listed on: 08/03/2020

Last Buyer's Agent

Eliza Kerndian

Keller Williams Beverly Hills License #01398836

Keller Williams Beverly Hills

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1955

Lot Details

  • 6,921 Sq Ft Lot
  • Lot Dimensions are 45x166

Parking

  • 7 Parking Spaces

Home Design

  • 7,660 Sq Ft Home

Bedrooms and Bathrooms

  • 13 Bedrooms
  • 10 Bathrooms

Community Details

  • 10 Units

Listing and Financial Details

  • Assessor Parcel Number 4339-006-011

Property Details

Home Type

Multi-Family

Year Built

Built in 1955

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 7660
  • Lot Acreage: 0.1587
  • Lot Dimensions: 45x166
  • Year Built: 1955
  • Number Of Photos: 26
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Bedrooms: 13
  • Total Bathrooms: 10.00
  • Price Per S Q F T: 521.54

Exterior Features

  • Other Structures: None

Garage/Parking

  • Parking Garage: Garage Is Attached
  • Total Parking: 7

Utilities

  • Cooling: Air Conditioning

Lot Info

  • Assessed Improvement Percent: 48.28
  • Assessed Improvement Value: 1449777
  • Assessed Land Percent: 51.72
  • Assessed Land Value: 1553332
  • Total Assessed Value: 3003109
  • Assessor Parcel Number: 4339-006-011
  • Lot Size Area: 6921

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 15.53
  • Number Of Units: 10
  • Total Annual Expense: 77591
  • Type Of Units: Residential
  • Vacancy Rate: 0

Range of Values:

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Average Value
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List Price
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
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
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 20-613336

The MLS