1283 Havenhurst Dr - Apartments FOR SALE


West Hollywood, CA 90046
$10,000,000 USD
858-729-4646
1283 Havenhurst Dr, West Hollywood, CA for Sale
$10,000,000 USD
Apartments - FOR SALE
1/33
null | 3.43% Cap Rate

1283 Havenhurst Dr
West Hollywood, CA 90046


HIGHLIGHTS

  • Seller Financing Available for Rare Opportunity to acquire a 2008 Construction, Upgraded in 2021, Fully Entitled 8 Unit Boutique Condominium Building
  • No Rent Control on Sought After, Luxurious , Spacious 2bd & 3bd Floorplans, 360 degree rooftop deck
  • Amazing location in the heart of West Hollywood, Ample Secured Garage Parking
  • Significant Upside in Selling Off Units Individually or Maintain as Generational, Trophy Real Estate with upside
  • All Units Are Turn-Key Luxury with High End Appliances, Flooring, Windows and Finishes

OVERVIEW

SELLER FINANCING AVAILABLE FOR FULLY ENTITLED NON-FRACTURED LUXURY BOUTIQUE CONDOMINIUM BUILDING | SIGNIFICANT UPSIDE SELLING UNITS OFF INDIVIDUALLY WITH NO UPGRADES REQUIRED | TENANTS SYSTEMATICALLY REMOVABLE | NO STATE OR WEST HOLLYWOOD RENT CONTROL The Weddle Group is pleased to present for sale 1283 Havenhurst Drive, a rare opportunity to acquire an eight unit, newer construction, luxury condominium complex at well below-market condo comp pricing. Average condominium sale comparable of $1.8M+. Other option is to maintain as a trophy asset apartment building with upside in rents. Nestled in one of the nation's most coveted zip codes, this exquisite property was constructed in 2008 and elegantly renovated in 2021, showcasing a desirable mix of spacious condominiums that epitomize modern living. Each unit is adorned with upscale finishes, including custom wood flooring, top-of-the-line Bosch appliances, real wood cabinets, soundproof windows, as well as central heating and cooling. Residents will appreciate the convenience of tankless water heaters, newly renovated balconies, and multiple private entrances for effortless access. The property’s exterior has also undergone extensive enhancements, culminating in a visually stunning aesthetic that features a serene 360-degree rooftop deck and an inviting courtyard—perfect for entertaining guests or enjoying peaceful moments in the sun. The property boasts a prime location in a sophisticated and vibrant neighborhood known for its blend of classic charm and modern luxury. The surrounding area is characterized by a mix of architecturally significant homes and contemporary apartment buildings, tree-lined streets, and an overall aesthetic that is quintessentially Californian. This particular location offers a blend of urban living with the serenity of a more residential neighborhood, providing a retreat-like feel amidst the bustling city life. PLEASE EXPLORE THE LINKS BELOW FOR OM, DRONE & UNIT TOURS. DO NOT DISTURB TENANTS. CONTACT LISTING AGENT GARY WEDDLE FOR MORE INFORMATION AND TOUR DATES.

FOR SALE DETAILS

PRICE

$10,000,000 USD

PRICE/SF

$625 USD /SF

# OF UNITS

8

PRICE/UNIT

$1,250,000

CAP RATE

3.43%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Havenhurst Condominiums

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

2008

PARKING SPACES

18

LAND DETAILS

LAND ACRES

0.23 AC

LAND SF

10,019 SF

ZONING

R-1

APN/PARCEL ID

5554-016-064,5554-016-065,5554-016-066,5554-016-067,5554-016-068,5554-016-069,5554-016-070,5554-016-071

ASK ABOUT THIS PROPERTY

Gary WeddleTWG CommercialMore Info
858-729-4646

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Gary WeddleTWG CommercialMore Info
858-729-4646

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