1009 N Harper Avenue,  West Hollywood CA, 90046 (Residential Income)

9,148 sqft
Status: Sold
MLS#: 15904503
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Last Updated: 12/4/2016 1:53 AM
Description for 1009 N Harper Avenue West Hollywood, CA 90046
1009 N Harper Ave, a ten unit apartment building, in West Hollywood, one of Los Angeles' top neighborhoods. Built in 1965, this two-story building consists of six one-bedroom/one-bathroom and four two-bedroom/two-bathroom units. Most units have not been updated and are in their original condition. Some tenants have installed wood floors individually. Separately metered for electric, the property also includes mostly electric stoves and radiant heating units. On-site laundry facilities are available to tenants, as well as, tuck under parking - thirteen tuck-under spaces.This asset provides an investor the opportunity to acquire a true-value add opportunity in a highly desirable rentalmarket. With rents over 35% less than current market rents, the potential rental upside is significant.
Price
Sold Price:
$2,750,000
Sold Date:08/14/2015
Los Angeles
9,148 (approx)
15904503
Closed
Description
1009 N Harper Ave, a ten unit apartment building, in West Hollywood, one of Los Angeles' top neighborhoods. Built in 1965, this two-story building consists of six one-bedroom/one-bathroom and four two-bedroom/two-bathroom units. Most units have not been updated and are in their original condition. Some tenants have installed wood floors individually. Separately metered for electric, the property also includes mostly electric stoves and radiant heating units. On-site laundry facilities are available to tenants, as well as, tuck under parking - thirteen tuck-under spaces.This asset provides an investor the opportunity to acquire a true-value add opportunity in a highly desirable rentalmarket. With rents over 35% less than current market rents, the potential rental upside is significant.
Listing Information
Property Type: Cluster, Other
0.16 Acres 6,993 sq.ft. 9,148 (approx)
1965
10 Total
Neighborhood
Room Information
Exterior / Lot Features
13 Parking Spaces, Covered
WDR3A*
Driving Directions
Less than a block south of Santa Monica Blvd and just east of N Sweetzer Ave, the property is within walking distance to the famed boulevard and Sunset Strip, which embraces a premier collection of rock clubs, dining, boutiques, and Hollywood nightlife.
Financial Considerations
5529012012
,$61,356
Listing Price History

West Hollywood Real Estate

West Hollywood is located in California. West Hollywood, California 90046 has a population of 34,572.

The median household income in West Hollywood, California 90046 is $53,223. The median household income for the surrounding county is $56,241 compared to the national median of $53,046. The median age of people living in West Hollywood 90046 is 40.3 years.

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Courtesy: Marcus & Millichap Neema Ahadian
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