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    1042 N Crescent Heights Boulevard

    West Hollywood, CA 90046
    • $3,877,000
    • STATUS: Active
    • ON SITE: 85 days
    • ID#: WS21139938
    $3,877,000
    • 0
      BEDS
    • 0.3
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Type:
    Multi-Family
    Built:
    1922
    County:

    School Ratings & Info

    Description

    8 units situated on a huge double lot totaling 13,101 square feet. Located on the corner of Santa Monica Blvd and Crescent Heights Blvd, one of the best rental locations at the center of prime West Hollywood and close to Beverly Hills.The property is zoned for a 12 unit luxury development. 100 ft front lot width allows for significant architectural creativity and maximized parking spaces.Property is also suited for buy and hold investors, given rental income with tremendous long term upside.Site consists of 4 separate buildings. There are five - two story 1 bed+1 bath units, two - two story 1+1's elevated above a pair of 2 car garages, and one - single story 2+1. Three separate garden/patio areas, two - 2 car garages and 8 other parking spaces.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-09-22T00:28:19.707. 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/118780187
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    1042 N Crescent Heights Boulevard West Hollywood, CA 90046

    • Price: $3,877,000
    • Status: Active
    • ID#: WS21139938
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.3
    Acres
    1922
    Built
    Neighborhood:
    C10 - West Hollywood Vicinity
    County:
    Los Angeles
    Area:
    C10 - West Hollywood Vicinity
    Property Description
    8 units situated on a huge double lot totaling 13,101 square feet. Located on the corner of Santa Monica Blvd and Crescent Heights Blvd, one of the best rental locations at the center of prime West Hollywood and close to Beverly Hills.The property is zoned for a 12 unit luxury development. 100 ft front lot width allows for significant architectural creativity and maximized parking spaces.Property is also suited for buy and hold investors, given rental income with tremendous long term upside.Site consists of 4 separate buildings. There are five - two story 1 bed+1 bath units, two - two story 1+1's elevated above a pair of 2 car garages, and one - single story 2+1. Three separate garden/patio areas, two - 2 car garages and 8 other parking spaces.
    Exterior Features

    Lot Features Rectangular Lot Number Of Separate Electric Meters 9 Open Parking Spaces 8 Parking Total 12 Pool Features None Pool Private YN No Property Attached YN No

    Interior Features

    Common Walls No Common Walls

    Property Features

    Additional Parcels YN No Common Interest None Community Features Street LightsSidewalks Electric Expense 164 Garage YN Yes Gross Income 149127 Gross Scheduled Income 149127 Insurance Expense 4406 Land Lease YN No Laundry Features See Remarks Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash To New Loan Net Operating Income 92397 New Construction YN No Number Of Separate Gas Meters 8 Number Of Separate Water Meters 1 Number Of Units Leased 7 Operating Expense 56730 Property Sub Type Mixed Use Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays ElectricityGas Trash Expense 1400 Water Sewer Expense 2974 Water Source Public Zoning Wdr3c*

    Listing provided courtesy of Kenneth Lee of Great Wall Realty


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-09-22T00:28:19.707. 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.
     
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    Newport Beach CA, 92660