West Hollywood, CA 90069 1216 N La Cienega Boulevard
$10,995,000
50 more
Presented By: Cory Weiss with Douglas Elliman;
Home Details
Introducing an exceptional investment opportunity: Empire Residences, a testament to vintage architectural splendor situated in the heart of West Hollywood's prestigious Courtyard Thematic District. Built in 1928 by renowned architect William Hauptman, this historic property boasts 14 units spread across two floors, offering one Executive Studio, 9 one-bedroom and 4 one-bedroom plus den floor plans ranging from 1,000 to 1,300 square feet. Steeped in rich history, Empire Residences embodies Hauptman's homage to Japanese-style architecture, paying tribute to the Emperor of Japan with its highly stylized pagoda-like structure. Original design elements such as decorative banding, corbels, and metal cresting adorn the exterior, while peaked and undulating gables, wood window grilles, and wood-frame large picture windows with arched headers capture the essence of a bygone era. Wood balconies, panel doors with hammered doorknobs, hand-finished plaster walls, antique lanterns, and decorative Japanese metal relief insets further enhance the property's allure. Nestled amidst lush greenery, Empire Residences offers a tranquil retreat from the hustle and bustle of Los Angeles, yet remains conveniently located just moments away from the vibrant segment of the Sunset Strip. The interiors seamlessly blend historic charm with modern convenience, with many units fully updated to include their own washer/dryer, beautiful new hardwood floors, high ceilings, stainless steel appliances, and a comprehensive security system. Moreover, seize the opportunity to maximize income potential with three units currently paying significantly below market value. With secured underground parking adding to the property's appeal, investors will appreciate the potential for increased revenue streams. Notably, Empire Residences benefit from its designation as a Historical Property, qualifying for the Mills Act and offering a substantial reduction in property taxes. No ULA as well. Don't miss out on the chance to own this magnificent income property in prime West Hollywood. Embrace the prestige and profitability of Empire Residences, where timeless charm meets lucrative investment potential.
Presented By: Cory Weiss with Douglas Elliman;
Interior Features for 1216 N La Cienega Boulevard
Bedrooms
Total Bedrooms13
Bathrooms
1/4 Baths0
3/4 Baths0
Half Baths
Total Baths14
Other Interior Features
Air Conditioning Y/NYes
Basement (Y/N)No
Electric On Property Y/NNo
Fireplace Y/NNo
Heating Y/NYes
Total Stories3
General for 1216 N La Cienega Boulevard
Additional Parcels Y/NNo
AppliancesDishwasher, Refrigerator, Dryer, Washer
Attached Garage No
Cap Rate4.21
Carport Y/NNo
CityWest Hollywood
CoolingCentralAir
CountyLos Angeles
Days on Market26
DirectionsSouth of Sunset; North of Fountain
Full Baths
Garage Y/NNo
Gross Income581516.0
HeatingCentral
Home Owner AssocNo
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsMultiSplit
Lot Size Square Feet15107.0
Lot Size UnitsSquareFeet
MLS AreaC10 - West Hollywood Vicinity
MobileHomeRemainsYNNo
Net Operating Income462545.0
New ConstructionNo
NumberOfUnitsTotal14
Pool FeaturesNone
Private PoolNo
Property TypeResidentialIncome
Rent Control Y/NYes
Security FeaturesSecurityGate, KeyCardEntry
Senior Community Y/NNo
Spa FeaturesNone
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
View Y/NNo
Waterfront Y/NNo
Year Built1928
ZoningWDR4*
Exterior for 1216 N La Cienega Boulevard
Building Area Total17282.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Size Acres0.3468
Lot Size Area15107.0
Number of Buildings1
Open Parking Y/NNo
Parking FeaturesElectricGate, Guest, Private
SpaNo
Total Parking17.0
Additional Details
Price History
Stephen Pliaconis
Pliaconis Realty Group REALTOR® DRE 02015480