Views
Address
1251 N Detroit Street West Hollywood, CA
Price
$ 1,649,000
Property Attributes
  • MLS#21692642
  • TypeIncome
  • CountyLOS ANGELES
  • CityWest Hollywood
  • AreaWest Hollywood Vicinity
  • Zip90046
  • Style
  • Price$ 1,649,000
  • Bedrooms4
  • Full Bathrooms4
  • Half Bathrooms0
  • Lot Size6,443 SqFt
Listing Provided Courtesy Of:
Josh 'Afi' Afighom with Josh "Afi" Afighom.
Data Source:
California Regional MLS (CRMLS) - 25 - CA
Property Description

We are pleased to present this rare opportunity to build OR operate the turnkey 4-unit property located in prime WEST HOLLYWOOD. Zoning is R3C which allows to build up to 45 Feet. The property is currently situated on a 6,724 SF lot, consisting of (4) one-bed/one-bath units, & generating ~$51,400/year (including market rental of 1 unit to be delivered VACANT), which helps offset carry costs, during a developer's entitlement period OR provides cash flow for this turnkey investment rental property. ***The current owner has schematic designs for the opportunity to build 5-8 luxury condos w/ combined building area of about 9,500 SF in one of the trendiest blocks of West Hollywood.*** The design proposes each unit comprising of individual private rooftop decks providing for extended views and social space for outdoor living. The vacant lot next door provides developers tremendous opportunity to combine properties creating a more cost effective project. The area is experiencing significant redevelopment (w/ numerous properties currently in the process of development) with an emphasis on the 1100 and 1200 blocks of Detroit Street. With a walk score of 90, the property is in close proximity to local restaurants and shops, Sunset Strip, Hollywood, Melrose, Pacific Design Center, Cedars Sinai & Beverly Hills.

Price History
3/16/2021 Listed $1,649,000

General Features

Listing Agent Josh 'Afi' Afighom - BRE#01783784
Listing Agent State License 01783784
MLS Area C10 - West Hollywood Vicinity
Property Type Residential Income
Special Listing Conditions Standard
Status Active
Total Units 4
Zoning WDR3C*

Exterior Features

Lot Size Acres 0.14
Lot Size Area 6443
Lot Size Square Feet 6443
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 $3.23M
$1.65M
Visits
AVG 42
114
Year Built
AVG 1939
1947
Walkscore
AVG 92
94
Data Provided by Walkscore ® not using MLS data

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