1042 N Crescent Heights Boulevard

    West Hollywood, CA 90046
    • $3,750,000
    • STATUS: Active
    • ON SITE: 215 days
    • ID#: WS19249186
    $3,750,000
    • 0
      BEDS
    • 0.3
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 6,230
      SQFT
    • $602
      $/SQFT
    Type:
    Multi-Family
    Built:
    1922
    County:

    School Ratings & Info

    Description

    8 units situated on a huge double lot totaling 13,101 square feet with a 100 ft front lot width, which allows for a 12 unit luxury development with significant architectural creativity and maximized parking spaces.Located on the corner of Santa Monica Blvd and Crescent Heights Blvd, one of the best rental locations at the center of prime West Hollywood and close to Beverly Hills.Property is also suited for buy and hold investors, given rental income with tremendous long term upside.Site consists of 4 separate buildings. There are five - two story 1 bed+1 bath units, two - single story 1+1's, and one - single story 2+1. Three separate garden/patio areas, two - 2 car garages and 8 other parking spaces.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-05-26T00:25:55.313. 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 Robin McCann | EXIT Alliance Realty. Licensed in the State of California, USA.

    www.socalrealtyexpert.com/homes/100216530

    1042 N Crescent Heights Boulevard West Hollywood, CA 90046

    • Price: $3,750,000
    • Status: Active
    • ID#: WS19249186
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.3
    Acres
    6,230
    SQFT
    $602
    $/SQFT
    1922
    Built
    Neighborhood:
    C10 - West Hollywood Vicinity
    County:
    Los Angeles
    Area:
    C10 - West Hollywood Vicinity
    Property Description
    8 units situated on a huge double lot totaling 13,101 square feet with a 100 ft front lot width, which allows for a 12 unit luxury development with significant architectural creativity and maximized parking spaces.Located on the corner of Santa Monica Blvd and Crescent Heights Blvd, one of the best rental locations at the center of prime West Hollywood and close to Beverly Hills.Property is also suited for buy and hold investors, given rental income with tremendous long term upside.Site consists of 4 separate buildings. There are five - two story 1 bed+1 bath units, two - single story 1+1's, and one - single story 2+1. Three separate garden/patio areas, two - 2 car garages and 8 other parking spaces.
    Exterior Features

    Garage Spaces 4.00 Lot Features Lot 10000-19999 Sqft Lot Size Source Assessor Lot Size Units Square Feet Parking Total 12.00 Pool Features None Pool Private YN No Property Attached YN Yes

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls 2+ Common Walls Laundry Features See Remarks

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Community Features SidewalksStreet Lights Country Us Electric Expense 600.00 Elevation Units Feet Gardener Expense 1200.00 Gross Income 138686.00 Gross Scheduled Income 138686.00 Insurance Expense 4162.00 Land Lease YN No Laundry YN Yes Maintenance Expense 2000.00 Net Operating Income 87058.00 New Construction YN No New Taxes Expense 38567.00 Number Of Separate Electric Meters 9 Number Of Separate Gas Meters 8 Number Of Separate Water Meters 1 Operating Expense 50629.00 Professional Management Expense 0.00 Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Subdivision Name Other None Total Expenses 50629.00 Trash Expense 1400.00 Water Sewer Expense 2700.00 Water Source Public Year Built Source Assessor Zoning Wdr3c*

    Listing provided courtesy of Kenneth Lee of Great Wall Realty


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-05-26T00:25:55.313. 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 Robin McCann | EXIT Alliance Realty. Licensed in the State of California, USA.

     
    Robin McCann | EXIT Alliance Realty
    43521 Rige Park Drive, Suite 201
    Temecula CA, 92590