1031 N Crescent Heights

    West Hollywood, CA 90046
    • $11,195,000
    • STATUS: Closed
    • ON SITE: 127 days
    • ID#: 18362602
    Sold - 07/23/2018
    $11,195,000
    SOLD - 07/23/2018
    • 0
      BEDS
    • 0.42
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 21,374
      SQFT
    • $0
      $/SQFT
    Type:
    Multi-Family
    Built:
    1989
    County:

    School Ratings & Info

    Description

    1031 N. Crescent Heights Blvd., nicknamed "La Ventana", is a rare opportunity to acquire a true pride of ownership luxury property in one of the best rental locations in prime West Hollywood.++G++G+- La Ventana was built in 1989 and is NOT subject to rent control, allowing for significant and immediate rental upside.++G++G+- This extremely well maintained property boasts an ideal unit mix consisting of all 2 bedroom 2 bath units averaging 1,425 gross square feet and the 7 penthouse units all feature soaring vaulted ceilings.++G++G+- All of the units are extremely spacious, have a terrific floor plan, and offer an abundance of natural light.++G++G+- These apartments feel like a home and even the bottom floor units have 9 foot high ceilings.++G++G+- Other property features include an on-site heated pool with barbeque area, recreation room, copper plumbing, security cameras, and gated parking consisting of 2 parking spaces per unit AND guest parking.++G++G

    Sold by Jonathan Taksa of Remax Commercial And Investmen.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-11-14T20:39:09.213. 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. Licensed in the State of California, USA.
    www.playavistaliving.com/homes/85423856

    1031 N Crescent Heights West Hollywood, CA 90046

    • Price: $11,495,000
    • Status: Closed
    • Updated: 20 min ago
    • ID#: 18362602
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.42
    Acres
    21,374
    SQFT
    $0
    $/SQFT
    1989
    Built
    Neighborhood:
    C10 - West Hollywood Vicinity
    County:
    Los Angeles
    Area:
    C10 - West Hollywood Vicinity
    Property Description
    1031 N. Crescent Heights Blvd., nicknamed "La Ventana", is a rare opportunity to acquire a true pride of ownership luxury property in one of the best rental locations in prime West Hollywood.++G++G+- La Ventana was built in 1989 and is NOT subject to rent control, allowing for significant and immediate rental upside.++G++G+- This extremely well maintained property boasts an ideal unit mix consisting of all 2 bedroom 2 bath units averaging 1,425 gross square feet and the 7 penthouse units all feature soaring vaulted ceilings.++G++G+- All of the units are extremely spacious, have a terrific floor plan, and offer an abundance of natural light.++G++G+- These apartments feel like a home and even the bottom floor units have 9 foot high ceilings.++G++G+- Other property features include an on-site heated pool with barbeque area, recreation room, copper plumbing, security cameras, and gated parking consisting of 2 parking spaces per unit AND guest parking.++G++G
    Exterior Features

    Lot Size Source Assessor Lot Size Units Square Feet Parking Features Subterranean Parking YN Yes Pool Features Above Ground Pool Private YN Yes

    Interior Features

    Cooling Central Cooling YN Yes Interior Features Elevator Laundry Features Stackable

    Property Features

    Cap Rate 3.84 Gross Multiplier 16.97 Gross Operating Income 657136.00 Improvements Amount 3306308 Land Value 2705653 Laundry YN Yes Net Operating Income 441180.00 Security Features Card/Code Access Special Listing Conditions Standard Total Expenses 215956.00 Zoning Wdr3a*

    Listing provided courtesy of Jonathan Taksa of Remax Commercial And Investmen.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-11-14T20:39:09.213. 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. Licensed in the State of California, USA.
     
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