Skip To Content

--
  • --
    BEDS
  • --
    ACRES
  • --
    BATHS
  • --
    1/2 BATHS
  • --
    SQFT
  • --
    $/SQFT

Listing Details

Status
--
On Site
--
On Market
--
MLS #
--
Neighborhood
--
Type
--
Built
--
County
--
Area
--

School Ratings & Info

Description

Presenting 1041 North Stanley Avenue, an 8-unit apartment asset in West Hollywood, one of the most desirable submarkets of Los Angeles. Located a half a block south of Santa Monica Boulevard and five blocks east of Fairfax, 1041 North Stanley Avenue tenants enjoy some of the hottest restaurants, shopping and nightlife within walking distance. Built in 1957, the property has an advantageous unit mix of (5) two-bedroom/two-bathroom and (3) one-bedroom/one-bathroom units with 8 parking spaces. This asset offers an investor a rare opportunity to own a value-add apartment asset in a class A location and neighborhood in West Hollywood. The current units are ripe for luxury renovations and offer a 63% upside potential in rental income. Densely packed into 1.9 walkable square miles, West Hollywood includes a vast culinary landscape, the Sunset Strips notorious nightlife, designer flagships lining the Design District, celebrity hot spots, global annual events, premier spas, fitness centers and entertainment. With the median price of homes at $1.82 million, 1041 North Stanley Avenue is in a highly sought-after location.

Monthly Payment Calculator



Based on information from California Regional Multiple Listing Service, Inc. as of 2021-09-21T00:27:35.857. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Latrice Deluna Homes | The Orion Group. Licensed in the State of California, USA.
www.findorangecountyhomelistings.com/homes/119305102
Print Image

1041 N Stanley Avenue West Hollywood, CA 90046

  • Price: $2,900,000
  • Status: Active
  • Updated: 176 min ago
  • ID#: 21759848
0
Beds
0
Baths
0
½ Baths
0.14
Acres
1957
Built
Neighborhood:
C10 - West Hollywood Vicinity
County:
Los Angeles
Area:
C10 - West Hollywood Vicinity
Property Description
Presenting 1041 North Stanley Avenue, an 8-unit apartment asset in West Hollywood, one of the most desirable submarkets of Los Angeles. Located a half a block south of Santa Monica Boulevard and five blocks east of Fairfax, 1041 North Stanley Avenue tenants enjoy some of the hottest restaurants, shopping and nightlife within walking distance. Built in 1957, the property has an advantageous unit mix of (5) two-bedroom/two-bathroom and (3) one-bedroom/one-bathroom units with 8 parking spaces. This asset offers an investor a rare opportunity to own a value-add apartment asset in a class A location and neighborhood in West Hollywood. The current units are ripe for luxury renovations and offer a 63% upside potential in rental income. Densely packed into 1.9 walkable square miles, West Hollywood includes a vast culinary landscape, the Sunset Strips notorious nightlife, designer flagships lining the Design District, celebrity hot spots, global annual events, premier spas, fitness centers and entertainment. With the median price of homes at $1.82 million, 1041 North Stanley Avenue is in a highly sought-after location.
Exterior Features

Carport YN Yes Parking Features CoveredCarport

Interior Features

Appliances Gas CooktopGas Oven Cooling None Cooling YN No Heating None Heating YN No Interior Features Ceiling Fan(S)

Property Features

Gross Income 152748 Listing Agreement Seller Reserved Listing Service Full Service Net Operating Income 89985 Senior Community YN No Special Listing Conditions Standard Vacancy Allowance Rate 0 Zoning Wdr3c*

Listing provided courtesy of Kimberly Roberts Stepp of Stepp Commercial


Based on information from California Regional Multiple Listing Service, Inc. as of 2021-09-21T00:27:35.857. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Latrice Deluna Homes | The Orion Group. Licensed in the State of California, USA.
 
https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_365786990-1.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_365786990-1.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_365786990-1.jpg
Logo
Latrice Deluna Homes | The Orion Group
4533 MacArthur Blvd Ste 5074
Newport Beach CA, 92660