1204 N Clark St - Apartments FOR SALE


West Hollywood, CA 90069
$2,495,000 USD
818-400-9292
1204 N Clark St, West Hollywood, CA for Sale
$2,495,000 USD
Apartments - FOR SALE
1/18
null | 3.93% Cap Rate

1204 N Clark St
West Hollywood, CA 90069


HIGHLIGHTS

  • Location! Location! Location!
  • Possible Owner User Opportunity with front Unit.
  • R4* Zoned Lot. 6,700+ SF for Redevelopment
  • Located in West Hollywood. North of the Sunset Strip
  • Highly Desirable Generational Property
  • Quadraplex - Currently Fully Occupied

OVERVIEW

Location! Location! Location! Exceptional investment opportunity nested in the prestigious Hills of West Hollywood. This unique income producing property is north of world famous Sunset Blvd (Sunset Strip) and features (4) four distinct fully rented units on a 6,718 Square foot R4 zoned lot, offering unparalleled potential for continued rental income or redevelopment. The Unit mix consists of (1) 2+2+Den, (1) 2+1.5, (1) 1+1+Den and (1) 1+1 units. Surrounded by Multi million dollar homes, the front 2 bed + 2 bath unit has a den/bonus room, large front patio, in unit laundry, rear balcony, dining area, central HVAC, spacious kitchen and city views, making it perfect for a 'possible' owner-user unit. The property is currently fully occupied with month to month tenants. The large R4* zoned lot has potential for redevelopment given its desirable location, breathtaking views and expansive lot size. Whether you envision modern luxury condos, exclusive high-end townhomes or apartments, the possibilities with this property are endless. The area is a hot bed for redevelopment. This property boasts stunning views based on the elevation of the lot, serene surroundings with well kept properties, and easy access to the vibrant heart of West Hollywood, Los Angeles and Beverly Hills. The subject property is right below the coveted Bird streets and Trousdale Estates which feature homes in the tens of millions of dollars. Sunset Boulevard in West Hollywood is a dynamic mix of culture, entertainment, and luxury, making it a must-visit destination in Los Angeles. Some of the highlights of the Sunset Strip in West Hollywood include iconic destinations such as The Roxy Theater, The Viper Room, Chateau Mormont, The Comedy Store, Sunset Plaza, Whiskey A Go Go and the Skybar at Mondrian along with some of the best hotels Los Angeles have to offer. This is an incredible opportunity to any astute investor to acquire a generational property that will keep appreciating over time.

FOR SALE DETAILS

PRICE

$2,495,000 USD

PRICE/SF

$734 USD /SF

# OF UNITS

4

PRICE/UNIT

$623,750

CAP RATE

3.93%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1928

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,718 SF

ZONING

WDR4*

APN/PARCEL ID

5560-023-032

ASK ABOUT THIS PROPERTY

Kunal SethiKeystone RealtyMore Info
818-400-9292

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Kunal SethiKeystone RealtyMore Info
818-400-9292

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.