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8985 Keith Avenue

West Hollywood, CA 90069
  • $1,900,000
  • STATUS: Active Under Contract
  • ON SITE: 47 Days
  • ID#: 24456297
Under Contract
UPDATED: 63 min ago
$1,900,000
  • 5
    BEDS
  • 0.12
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 2,288
    SQFT
  • $830
    $/SQFT
Type:
Multi-Family
Built:
1930
County:

School Ratings & Info

Listing Agent(s): Jason Tuvia of Marcus & Millichap (818-212-2700)


Description

We are pleased to present a four (4) unit apartment building located at 8985 Keith Avenue in West Hollywood, California. The subject property is situated in a prime Norma Triangle location, north of Santa Monica Boulevard and east of N Doheny Drive. Built in 1930, this property contains a good unit mix of three (3) one-bedroom / one-bathroom units and one (1) two-bedroom / one-bathroom unit. Select units have been tastefully renovated with new countertops, flooring, in unit washer and dryer machines, and new tiles in the bathrooms. All of the units a re separately metered for gas and electric. This character, Spanish style asset boast two (2) detached buildings giving the residents a strong sense of privacy. This property features fully parked surface parking. The Norma Triangle is home to numerous amazing amenities, some of the closest include amazing stops along Santa Monica Boulevard: Rocco's WeHo, Bottega Louie WeHo, Hauser & Wirth, Dayglow, The Troubadour, WeHo Bistro, Barney's Beanery, and many more. Less than half a mile south, tenants will find outdoor recreation at the West Hollywood Park as well as other trendy destinations such as Revolver Video Bar, Hi Tops Bard, Insomnia Cookies, Salt & Straw, WEHO WHO WHAT WEAR, and others. Located in the prestigious location of Norma Triangle, this offering presents an excellent opportunity for any investor to acquire a Spanish style asset utilizing 30-year fixed residential financing to add multiple ADU units to the center of the property.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2024-12-10T20:38:36.22. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or eXp Realty of California Inc.. Licensed in the State of California, USA.
www.hometownnorthcounty.com/homes/157085624
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8985 Keith Avenue West Hollywood, CA 90069

  • Price: $1,900,000
  • Status: Active Under Contract
  • On Site: 47 Days
  • Updated: 63 min ago
  • ID#: 24456297
5
Beds
0
Baths
0
½ Baths
0.12
Acres
2,288
SQFT
$830
$/SQFT
1930
Built
Neighborhood:
C10 - West Hollywood Vicinity
County:
Los Angeles
Area:
C10 - West Hollywood Vicinity
Property Description
We are pleased to present a four (4) unit apartment building located at 8985 Keith Avenue in West Hollywood, California. The subject property is situated in a prime Norma Triangle location, north of Santa Monica Boulevard and east of N Doheny Drive. Built in 1930, this property contains a good unit mix of three (3) one-bedroom / one-bathroom units and one (1) two-bedroom / one-bathroom unit. Select units have been tastefully renovated with new countertops, flooring, in unit washer and dryer machines, and new tiles in the bathrooms. All of the units a re separately metered for gas and electric. This character, Spanish style asset boast two (2) detached buildings giving the residents a strong sense of privacy. This property features fully parked surface parking. The Norma Triangle is home to numerous amazing amenities, some of the closest include amazing stops along Santa Monica Boulevard: Rocco's WeHo, Bottega Louie WeHo, Hauser & Wirth, Dayglow, The Troubadour, WeHo Bistro, Barney's Beanery, and many more. Less than half a mile south, tenants will find outdoor recreation at the West Hollywood Park as well as other trendy destinations such as Revolver Video Bar, Hi Tops Bard, Insomnia Cookies, Salt & Straw, WEHO WHO WHAT WEAR, and others. Located in the prestigious location of Norma Triangle, this offering presents an excellent opportunity for any investor to acquire a Spanish style asset utilizing 30-year fixed residential financing to add multiple ADU units to the center of the property.
Exterior Features

Architectural Style Spanish Lot Features Irregular LotLandscaped Open Parking Spaces 4 Parking Features Uncovered Parking Total 4 Pool Features None Pool Private YN No Spa Features None Spa YN No View City Lights View YN Yes

Interior Features

Appliances DishwasherRefrigerator Flooring Wood Heating Wall Furnace Heating YN Yes

Property Features

Additional Parcels YN No Association YN No Cap Rate 4.49 Gross Income 119280 Land Lease YN No Levels Two Listing Agreement Seller Reserved Listing Service Full Service Net Operating Income 85342 New Construction YN No Possession Close Of Escrow Property Condition Additions/AlterationsRepairs CosmeticUpdated/Remodeled Senior Community YN No Special Listing Conditions Standard Vacancy Allowance Rate 0 Zoning WDR2*



Based on information from California Regional Multiple Listing Service, Inc. as of 2024-12-10T20:38:36.22. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or eXp Realty of California Inc.. Licensed in the State of California, USA.
 
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eXp Realty of California Inc.
2603 Camino Ramon Suite 200
San Ramon CA, 94583
Listing Agent(s): Jason Tuvia of Marcus & Millichap (818-212-2700)