8812 Rangely Ave - Apartments FOR SALE


West Hollywood, CA 90048
$2,995,000 USD
707-332-5204
8812 Rangely Ave, West Hollywood, CA for Sale
$2,995,000 USD
Apartments - FOR SALE
1/50
null | 5.36% Cap Rate

8812 Rangely Ave
West Hollywood, CA 90048


HIGHLIGHTS

  • Four units delivered completely VACANT, allowing Buyer to command premium market rents after renovation.
  • Prime West Hollywood location adjacent to Norma Triangle and situated near premier shopping and entertainment destinations.
  • Each unit features a spacious 2-bedroom, 1-bathroom layout averaging 1,080-square-feet.
  • Potential for Buyer to add an Accessory Dwelling Unit (ADU), to maximize property value.
  • Perfect opportunity for owner-occupiers seeking a prime location and rental income.
  • Property includes a convenient utility room for added functionality.

OVERVIEW

8812 Rangely Ave is a four-unit property delivered completely vacant, allowing the Buyer to achieve premium market rents after renovation. Located in prime West Hollywood, just blocks from the historic Norma Triangle and Beverly Hills, the property offers easy access to premier shopping and entertainment destinations, including The Grove, Beverly Center, and the iconic Sunset Strip. Each spacious unit features a 2-bedroom, 1-bathroom layout averaging 1,080 square feet, showcasing 10-foot ceilings and charming 1920s craftsmanship. Recent upgrades include a new roof, and a convenient utility room adds to the property's functionality. With approximately two parking spaces available and the potential to add an Accessory Dwelling Unit (ADU), this is a fantastic opportunity for owner-occupiers or investors looking to maximize value. Additionally, the location presents an incredible opportunity for short-term, furnished rentals in one of the most sought-after areas of Los Angeles.

FOR SALE DETAILS

PRICE

$2,995,000 USD

PRICE/SF

$691 USD /SF

# OF UNITS

4

PRICE/UNIT

$748,750

CAP RATE

5.36%

% LEASED

0%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1929

PARKING SPACES

2

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

4,934 SF

ZONING

WDR1B

APN/PARCEL ID

4336-013-013

ASK ABOUT THIS PROPERTY

Tyler FarrarKW Commercial Beverly HillsMore Info
707-332-5204

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Tyler FarrarKW Commercial Beverly HillsMore Info
707-332-5204

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