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Key Details
Sold Price $1,530,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 4,807 sqft
Price per Sqft $318
MLS Listing ID 24394565
Sold Date 06/14/24
Bedrooms 8
HOA Y/N No
Year Built 1962
Lot Size 7,318 Sqft
Property Description
We are pleased to offer for sale an incredible multifamily asset located at 1223 Havenhurst Drive in the heart of West Hollywood. Originally built in 1962 and ideally situated on a large lot zoned R4, the building exemplifies mid-century charm. Available for the first time in decades, the property consists of generous sized efficiency, 1-bedroom, 2-bedroom, and 3-bedroom layouts with each unit offering a terrific spacious floor plan flooded with natural light. With 2 separate structures set around mature landscaped grounds, the property offers the astute investor with a quintessential value add opportunity. As current rents hover around $1.83/sqft, there is tremendous rental upside through a comprehensive renovation program as units turn. Additionally, the property offers its residents with amenities such as a sparkling pool and ample on-site parking. A walker's paradise, 1223 Havenhurst Drive is a great asset in an undeniably attractive location that will surely pay long-term dividends to a savvy investor. This rare offering presents an astute investor or developer with the unique opportunity to capitalize on higher market rents and to acquire a premier turnkey asset in one of the best rental locations in all of Los Angeles.
Location
State CA
County Los Angeles
Area C10 - West Hollywood Vicinity
Zoning WDR4*
Interior
Heating Wall Furnace
Fireplace No
Exterior
Garage Assigned
Parking Type Assigned
Total Parking Spaces 4
Building
Story 2
Entry Level Multi/Split
Level or Stories Multi/Split
New Construction No
Others
Senior Community No
Tax ID 5554016010
Special Listing Condition Standard
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Bought with Jonathan Taksa • Remax Commercial and Investment Realty