$1,195,000
$1,100,000
8.6%For more information regarding the value of a property, please contact us for a free consultation.
3 Beds
3 Baths
2,151 SqFt
SOLD DATE : 08/14/2024
Key Details
Sold Price $1,195,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 2,151 sqft
Price per Sqft $555
MLS Listing ID 24382303
Sold Date 08/14/24
Bedrooms 3
HOA Y/N No
Year Built 1924
Lot Size 6,168 Sqft
Property Description
We are pleased to present 1123 N. Vista Avenue, a triplex located in the heart of West Hollywood. Built in 1924, this 2,151 square foot property sits on a 6,166 square foot lot and features three 1-bedroom, 1-bathroom units, each with its own private patio space. Tenants enjoy ample outdoor common area space and five on-site parking spaces. The property presents a significant value-add opportunity for investors seeking to implement interior and exterior renovation plans. It is currently fully occupied, however there are efforts being made by ownership to deliver the property vacant or to provide a path to vacancies which will allow a future investor to renovate the property as desired. In addition, there is an attached one-car garage located at the rear of the property that could potentially be converted into an ADU (Buyer to investigate and confirm). For Developers, the property is zoned WDR2, and offers the potential to transform the site into a 5-unit multifamily or condo building like many similar lots in the area that have the same zoning. Located north of Santa Monica Blvd and nestled between N Fairfax Ave and N La Brea, the property is in the heart of West Hollywood and is considered a walker's paradise boasting a walk score of 93. There are many public transportation options minimizing the need for a vehicle. Tenants are within proximity of the famous Sunset Strip, numerous restaurants, boutique shopping on Melrose Ave, and a short distance to Beverly Hills and Hollywood.
Location
State CA
County Los Angeles
Area C10 - West Hollywood Vicinity
Zoning WDR2*
Interior
Interior Features Ceiling Fan(s)
Heating Central, Wall Furnace
Fireplace No
Laundry Stacked
Exterior
Garage Uncovered
Parking Type Uncovered
Total Parking Spaces 5
Building
Story 1
Entry Level One
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 5531002020
Special Listing Condition Standard
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Bought with Sevak Keshishian • Marcus & Millichap
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REALTORS® | Lic# 01155199 | 02051274