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

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

Keep In Touch