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1229 Larrabee St, West Hollywood, CA 90069
1229 Larrabee St, West Hollywood, CA 90069
West Hollywood, CA
$2,025,000
Property Description
1st Time to be sold in over 52 Years!
2 Units Delivered Vacant!
New Sub Panels in Each Unit
Excellent Unit Mix Offering all 1 and 2 Bedroom Units
On Site Amenities Include: On Site Laundry and 9 Parking Spaces for Tenants- Over a (1:1) Ratio
Spacious Units Averaging Approx. 765 SF Each
Approximately Over 42% Rental Upside!
AAA+ Location just steps away from the world renowned Sunset Blvd
Recent $50k Retaining Wall Put Up in Back of Property
Separately Metered for Gas/Electric
Potential ADU Opportunity with Carport
Large 7,002 SF Lot Zoned WDR4
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Property Features
Sale Price:
$2,025,000
Area Size:
6,120 sq ft
Land Area:
7,001 sq ft
Year Built:
1954
Units:
8
Current GRM:
11.73
Current Cap Rate:
5.03%
Price Per Unit:
$253,125
Lyon Stahl Investment Real Estate
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Jordan Asheghian
1st Vice President