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866 Hilldale Avenue

West Hollywood, CA 90069
  • $3,899,000
  • STATUS: Active Under Contract
  • ON SITE: 200 Days
  • ID#: 23335173
Under Contract
UPDATED: 70 min ago
$3,899,000
  • 12
    BEDS
  • 0.16
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 7,782
    SQFT
  • $501
    $/SQFT
Type:
Multi-Family
Built:
1957
County:

School Ratings & Info

Listing Agent(s): Dario Svidler of Keller Williams Beverly Hills (310-432-6400)


Description

REDUCED! We are proud to exclusively present for sale a lovingly maintained 8 Unit Apartment Building in an A+ West Hollywood location sandwiched between Santa Monica Blvd. and the Sunset Strip! The Building boasts large units, each with a parking space. The area has Permit Parking to benefit multi-car households. This building does not keep vacancies for long. Ownership is keeping a vacant unit to facilitate showings. With the neighborhood being as desirable as they get, Walk Score calls this location a Walker's Paradise! A skip and a hop to dining, nightlife, shopping and just about anything that a tenant may want, the property also sits north of West Hollywood Park, with a swimming pool, tennis courts, dog park and library. Steps to The Abbey, Bottega Louie, Rocco's, Pavilions Supermarket, Fiesta Cantina, Tender Greens, Whisky A Go Go, Rainbow Bar & Grill, The Roxy Theatrecome to WeHo and have no reason to leave!Management has updated the building's plumbing, electrical, stucco, appliances and much more. Some units have washers and dryers. Ownership will cooperate with any Buyer interested in the existing Assumable Loan ($2.3m @ 5.35% interest only). All newer tenants except for one long-term, low paying tenant with no plans to move out. The building features gated parking with coded entry and security cameras.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2024-06-16T19:31:48.303. 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 Team Tami | Palm Realty Boutique. Licensed in the State of California, USA.
www.playavistaliving.com/homes/145533099
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866 Hilldale Avenue West Hollywood, CA 90069

  • Price: $3,899,000
  • Status: Active Under Contract
  • On Site: 200 Days
  • Updated: 70 min ago
  • ID#: 23335173
12
Beds
0
Baths
0
½ Baths
0.16
Acres
7,782
SQFT
$501
$/SQFT
1957
Built
Neighborhood:
C10 - West Hollywood Vicinity
County:
Los Angeles
Area:
C10 - West Hollywood Vicinity
Property Description
REDUCED! We are proud to exclusively present for sale a lovingly maintained 8 Unit Apartment Building in an A+ West Hollywood location sandwiched between Santa Monica Blvd. and the Sunset Strip! The Building boasts large units, each with a parking space. The area has Permit Parking to benefit multi-car households. This building does not keep vacancies for long. Ownership is keeping a vacant unit to facilitate showings. With the neighborhood being as desirable as they get, Walk Score calls this location a Walker's Paradise! A skip and a hop to dining, nightlife, shopping and just about anything that a tenant may want, the property also sits north of West Hollywood Park, with a swimming pool, tennis courts, dog park and library. Steps to The Abbey, Bottega Louie, Rocco's, Pavilions Supermarket, Fiesta Cantina, Tender Greens, Whisky A Go Go, Rainbow Bar & Grill, The Roxy Theatrecome to WeHo and have no reason to leave!Management has updated the building's plumbing, electrical, stucco, appliances and much more. Some units have washers and dryers. Ownership will cooperate with any Buyer interested in the existing Assumable Loan ($2.3m @ 5.35% interest only). All newer tenants except for one long-term, low paying tenant with no plans to move out. The building features gated parking with coded entry and security cameras.
Exterior Features

Parking Features Gated Parking Total 8

Interior Features

Cooling Central Air Cooling YN Yes Heating Central Heating YN Yes

Property Features

Association YN No Cap Rate 4.94 Disclosures Rent Control Gross Income 285957 Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Net Operating Income 192548 New Construction YN No Rent Control YN Yes Senior Community YN No Special Listing Conditions Standard Vacancy Allowance Rate 13 Zoning WDR3A*



Based on information from California Regional Multiple Listing Service, Inc. as of 2024-06-16T19:31:48.303. 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 Team Tami | Palm Realty Boutique. Licensed in the State of California, USA.
 
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Team Tami | Palm Realty Boutique
323 Culver Blvd.
Playa del Rey CA, 90293
Listing Agent(s): Dario Svidler of Keller Williams Beverly Hills (310-432-6400)