MLS #: SR18190634 | Built 1960 | Lot Size: 0.000000 Acres | Area: 699 - Not Defined | Type:
This is a well-appointed 8-unit apartment complex at 1016 N. Crescent Heights Boulevard, West Hollywood, California. Located in a prime location, the property is comprised of two 2-bed/1.5-bath and six 2-bed/2- bath units. Together the spacious units—some with balconies—come to about 7,650 square feet of rentable space on 6,551 square feet of land. The property which features an on-site laundry facility and 16 parking spaces (8 tandem), has been well maintained since it was built in 1960. Seven of the units will be delivered vacant. The building is thought to have copper plumbing (buyer to verify), and is separately metered for gas and electricity. Furthermore, with a security camera and gated entry, the property is easy to manage with no need for an on-site manager. Located on a nice street just south of Santa Monica Boulevard this complex is close to various shops, restaurants and entertainment offered in the city of West Hollywood. Furthermore, the building sits mere minutes away from the world famous Hollywood and Sunset Boulevard. The property’s prime location, coupled with clear upside potential, make it a fantastic investment opportunity.