Address
1030 N Edinburgh Avenue West Hollywood, CA
Price
$ 3,295,000
Property Attributes
  • MLS#21786236
  • TypeIncome
  • CountyLOS ANGELES
  • CityWest Hollywood
  • AreaWest Hollywood Vicinity
  • Zip90046
  • Style
  • Price$ 3,295,000
  • Bedrooms11
  • Full Bathrooms11
  • Half Bathrooms0
  • Sqr Footage8080
  • Lot Size6,254 SqFt
Listing Provided Courtesy Of:
Neema Ahadian with Marcus & Millichap
Data Source:
Combined LA/Westside MLS (CLAW) - 318 - CA
Property Description

A nine-unit value-add investment opportunity in the highly sought-after submarket of West Hollywood located just west of Fairfax Ave between Santa Monica Blvd and Melrose Ave. This ideal location is walking distance to many desirable destinations such as Whole Foods, Laurel Hardware, Ysabel, Employees, plus many others.The building features a desirable unit mix of seven spacious one-bedrooms (+\-700-850 SF) and two two-bedrooms (+\- 1,000 SF) with 10 parking spaces. Most of the units are leased at below market rents, providing an investor the opportunity to capture the 43% rental upside through further interior renovations as units turn (currently 2 units are vacant). The building has been well-maintained throughout the years with a new roof installed in 2021, copper plumbing throughout and a completely upgraded fire sprinkler system. Additionally, the property has a community laundry room with one washer and one dryer, is separately metered for gas and electricity and has a storage room at the rear of the property that could potentially be converted to an ADU (Buyer to verify).West Hollywood is one of the most coveted submarkets in Los Angeles and a top travel destination attracting those in entertainment, fashion, and entrepreneurship. The subject property has an incredibly high walk score of 95 with prominent dining and nightlife options to choose from. Tours by appointment only. Please do not visit the property or disturb current tenants. Thank you.

Price History
9/21/2021 Listed $3,295,000

General Features

Appliances Gas Cooktop, Gas Range, Refrigerator
Cooling Wall/Window Unit(s)
Flooring Carpet, Laminate
Heating Natural Gas
Interior Features Ceiling Fan(s)
Listing Agent Neema Ahadian - BRE#01346750
Listing Agent State License 01346750
MLS Area C10 - West Hollywood Vicinity
Pool Features None
Property Type Residential Income
Senior Community Y/N No
Spa Features None
Special Listing Conditions Standard
Status Active
Total Actual Rent 15205
Total Units 9
Zoning WDR3B

Interior Features

Air Conditioning Y/N Yes
Fireplace Features None
Heating Y/N Yes
Laundry Features Common Area

Exterior Features

Lot Size Acres 0.14
Lot Size Area 6254
Lot Size Square Feet 6254
Lot Size Units Square Feet
Number of Buildings 2

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Income Average in 90046

Price
AVG $2.93M
$3.3M
Visits
AVG 37
5
Year Built
AVG 1942
1963
Walkscore
AVG 87
95
Data Provided by Walkscore ® not using MLS data

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