9 Units in Prime WeHo. 3 Units Delivered Vacant.

561 North Sweetzer Avenue, West Hollywood, CA

$3,150,000

Price

3.24%

Cap Rate

$101,935

NOI

Overview
Cap Rate
3.24%
NOI
$101,935
Pro Forma Cap Rate
7.82%
Building Size
7,550 sqft
Lot Area
5,505 sqft
Occupancy
66.7%
Units
9
Year Built
1957
Price Per Sqft
$417
Price Per Unit
$350,000
Floors
2
Parking Spots
8
Description

On offer is a charming 9 Unit Apartment Building in a great location of West Hollywood. The building features one 3 bedroom, one 2 bedroom and seven 1 bedroom homes with large windows and some with outdoor space. The building has eight parking spaces.

Sold with 3 vacant units, this building has great potential upside through interior and exterior upgrades.

Walk to the trendiest intersection in Los Angeles at Melrose and La Cienega. Eat at the best restaurants or shop at all the best stores that this Walker’s Paradise has to offer.

Great visibility on a corner lot in one of the most pedestrian-friendly locations in the Los Angeles area!

Highlights
  • Central to All
  • Within half a mile of the Hollywood Improv, Crossroads Kitchen, Sweet Lady Jane Bakery, Blue Bottle Coffee
  • Near the Beverly Center
  • Near The Grove and the Farmers Market
  • 3 Units Delivered Vacant and ready to rehab
  • Walk Score of 91 - Walker's Paradise
Documents
Title
Sweetzer_OM.pdf
* Documents permissions are set by the listing owner, request information to access locked documents.

Location
Gallery