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$1,950,000

Est. payment - /mo

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6 BD

4 BA

2,984 SqFt

Price Dropped by $300K

1251 N Detroit ST West Hollywood, CA 90046

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Nathan King Real Estate Group

info@kingrealestate.group +1(559) 396-0000

UPDATED:

10/01/2024 06:56 PM

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 2,984 sqft

Price per Sqft $653

MLS Listing ID 24436081

Bedrooms 6

Construction Status Updated/Remodeled

HOA Y/N No

Year Built 1947

Lot Size 6,673 Sqft

Property Description

We are pleased to present a four (4) unit apartment building located at 1251 N Detroit Street in West Hollywood, California. The subject property is situated in a prime West Hollywood location, south of Fountain Avenue and west of N La Brea Avenue. Built in 1947, this property contains a good unit mix of two (2) one-bedroom / one-bathroom units and two (2) two-bedroom / one-bathroom units. The asset will be de livered 75% vacant. Select units have also been renovated with new appliances, cabinets, windows, sinks, and in unit washer and dryer. This offering also includes RTI plans for a duplex consisting of two (2) three-bedroom / two-bathroom units that will be situated between the two existing structures. Tenants will love living within only a couple miles from the Sunset Strip, Hollywood Boulevard, and numerous fashion, art, and entertainment amenities that West Hollywood has to offer. The neighborhood attracts many young professionals given the film, fashion, and art industry presence in this location. Plenty of dedicated street parking is available. Situated in the coveted 90046 zip code, this offering presents an excellent opportunity for any investor to capitalize on a 75% vacant property with RTI plans for two additional units while still getting a highly levered residential loan.

Location

State CA

County Los Angeles

Area C10 - West Hollywood Vicinity

Zoning WDR3C*

Interior

Heating Wall Furnace

Fireplace No

Exterior

Garage On Street

Pool None

View Y/N Yes

View City Lights

Porch Covered

Parking Type On Street

Private Pool No

Building

Lot Description Landscaped, Rectangular Lot

Story 2

Entry Level Two

Architectural Style Craftsman

Level or Stories Two

New Construction No

Construction Status Updated/Remodeled

Others

Senior Community No

Tax ID 5531008009

Special Listing Condition Standard

Listed by Jason Tuvia • Marcus & Millichap

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Nathan King Real Estate Group

Broker | License ID: 01878277

+1(559) 396-0000

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