West Hollywood, CA 90069 8997 Keith Avenue
$2,100,000
25 more
Presented By: Jason Tuvia with Marcus & Millichap;
Home Details
We are pleased to present a four (4) unit apartment building located at 8997 Keith Avenue in West Hollywood, California. The subject property is situated in a prime West Hollywood location, north of Santa Monica Boulevard and east of N Doheny Drive. Built in 1918, this property contains a great unit mix of two (2) one-bedroom / one-bathroom units and two (2) two-bedroom / two-bathroom units. One (1) one-bedroom unit and one (1) two-bedroom unit have spacious rooftop patios. The units are well-maintained with each unit having in-unit washers and dryers or a dedicated washer and dryer in the laundry room for that specific unit. Equipped with a long gated driveway this complex also offers full on-site parking and a small dedicated laundry room. Tenants will love living just down the street from the Sunset Strip to the north, and Beverly Hills to the west. This pocket allows immediate access to incredible local amenities including the Troubador Theater, Sur Restaurant and Lounge, Soho House, Rocco's, and Insomnia Cookies. Situated in a prime West Hollywood location, this offering presents an excellent opportunity for any investor to capitalize on 30-year fixed residential financing and a seller who is willing to carry a new first loan to acquire a character, Spanish style asset with strong rental upside potential.
Presented By: Jason Tuvia with Marcus & Millichap;
Interior Features for 8997 Keith Avenue
Bedrooms
Total Bedrooms6
Bathrooms
1/4 Baths0
3/4 Baths0
Full Baths
Half Baths
Total Baths6
Other Interior Features
Air Conditioning Y/NNo
Basement (Y/N)No
Electric On Property Y/NNo
Fireplace Y/NNo
FlooringWood
Heating Y/NYes
Laundry FeaturesStacked
Street SuffixAvenue
Total Stories2
General for 8997 Keith Avenue
Additional Parcels Y/NNo
AppliancesDishwasher, Refrigerator, Dryer, Washer
Architectural StyleSpanish
Attached Garage No
Cap Rate4.1
Carport Y/NNo
CityWest Hollywood
Community FeaturesGated
CountyLos Angeles
Days on Market15
DirectionsThe subject property is situated in a prime West Hollywood location, north of Santa Monica Boulevard and east of N Doheny Drive.
Garage Y/NNo
Gross Income124297.0
HOA / Comm AssnNo
HeatingWallFurnace
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsMultiSplit
Lot Size Square Feet6527.0
MLS AreaC10 - West Hollywood Vicinity
MobileHomeRemainsYNNo
Net Operating Income86038.0
New ConstructionNo
Occupancy DescriptionVacant
Patio/Porch FeaturesOpen, Patio, Rooftop
Pool FeaturesNone
PossessionCloseOfEscrow
Private PoolNo
Property Attached Y/NNo
Property ConditionUpdatedRemodeled
Property TypeResidentialIncome
Rent Control Y/NNo
Security FeaturesGatedCommunity
Senior Community Y/NNo
Spa FeaturesNone
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Street NameKeith
Total Units4
ViewCityLights
View Y/NYes
Waterfront Y/NNo
Year Built1918
ZoningWDR2*
Exterior for 8997 Keith Avenue
Building Area Total2554.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesLandscaped, RectangularLot
Lot Size Acres0.1498
Lot Size Area6527.0
Lot Size UnitsSquareFeet
Number of Buildings3
Open Parking Y/NNo
Parking FeaturesControlledEntrance, Driveway
SpaNo
Total Parking4.0
Additional Details
Price History
Stephen Pliaconis
Pliaconis Realty Group REALTOR® DRE 02015480