Description
Located at the intersection of Westbourne and Sherwood Dr., this property offers a compelling investment opportunity in the heart of West Hollywood. It currently consists of two 1-bedroom, 1-bathroom units, each currently leased for $3,000 per month. Additionally, there are two 2-bedroom, 1-bathroom units undergoing extensive renovations, with an expected completion date of December 29th, 2023, and a projected monthly rental income of $4,850 per unit. This property includes an Accessory Dwelling Unit (ADU) with approved plans and permits, encompassing approximately 500 sqft and designed as a 1-bedroom, 1-bathroom unit. This Property consists of a total of 5 units, 7 bedrooms and 5 bathrooms. This project offers flexibility, allowing it to be delivered either as a completed product or for collaboration with a prospective buyer to add finishing touches after the close of escrow. The property is located in close proximity to West Hollywood City Hall, the Los Angeles County Sheriff Station, the Pacific Design Center, Melrose Place, and Melrose shops. Don't miss this exceptional opportunity in a highly sought-after location!
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7BEDS
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0.14ACRES
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0BATHS
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01/2 BATHS
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3,638SQFT
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$866$/SQFT
School Ratings & Info
Description
Located at the intersection of Westbourne and Sherwood Dr., this property offers a compelling investment opportunity in the heart of West Hollywood. It currently consists of two 1-bedroom, 1-bathroom units, each currently leased for $3,000 per month. Additionally, there are two 2-bedroom, 1-bathroom units undergoing extensive renovations, with an expected completion date of December 29th, 2023, and a projected monthly rental income of $4,850 per unit. This property includes an Accessory Dwelling Unit (ADU) with approved plans and permits, encompassing approximately 500 sqft and designed as a 1-bedroom, 1-bathroom unit. This Property consists of a total of 5 units, 7 bedrooms and 5 bathrooms. This project offers flexibility, allowing it to be delivered either as a completed product or for collaboration with a prospective buyer to add finishing touches after the close of escrow. The property is located in close proximity to West Hollywood City Hall, the Los Angeles County Sheriff Station, the Pacific Design Center, Melrose Place, and Melrose shops. Don't miss this exceptional opportunity in a highly sought-after location!
Based on information from California Regional Multiple Listing Service, Inc. as of 2023-12-03T22:25:45.427. 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 Twiss Realty Group - Brokered by EXP. Licensed in the State of California, USA.