West Hollywood, CA 90069 1204 N Clark Street
$2,695,000
5 more
Presented By: Kunal S. Sethi with Sync Brokerage, Inc.; 818-400-9292
Home Details
Exceptional investment opportunity nested in the prestigious Hills of West Hollywood. This unique income producing property is north of world famous Sunset Blvd (Sunset Strip) and features (4) four distinct fully rented units on a 6,718 Square feet R4 zoned lot, offering unparalleled potential for continued rental income or redevelopment. The Unit mix consists of One 2+2+Den, One 2+1.5, One 1+1+Den and one 1+1 units. This income producing property presents an investor with an exceptional rate of return based on the location of the property.
The potential for redevelopment is immense, given its desirable location, breathtaking views and expansive lot size. Whether you envision modern luxury condos, exclusive high-end townhomes or apartments, the possibilities with this property are endless. The area is a hot bed for redevelopment.
This property boasts stunning views based on the elevation of the lot, serene surroundings with well kept properties, and easy access to the vibrant heart of West Hollywood, Los Angeles and Beverly Hills. The subject property is right below the coveted Bird streets and Trousdale Estates which feature homes in the tens of millions of dollars. Sunset Boulevard in West Hollywood is a dynamic mix of culture, entertainment, and luxury, making it a must-visit destination in Los Angeles. Some of the highlights of the Sunset Strip in West Hollywood include iconic destinations such as The Roxy Theater, The Viper Room, Chateau Marmont, The Comedy Store, Sunset Plaza, Whiskey A Go Go and the Skybar at Mondrian. This is an incredible opportunity to any astute investor to acquire a generational property that should only keep appreciating with time. Location! Location! Location!
Presented By: Kunal S. Sethi with Sync Brokerage, Inc.; 818-400-9292
Interior Features for 1204 N Clark Street
Other Interior Features
Air Conditioning Y/NYes
Basement (Y/N)No
Common WallsOneCommonWall
Fireplace Y/NNo
Heating Y/NNo
Laundry FeaturesSeeRemarks
Total Stories2
Other Rooms
Entry Level1
General for 1204 N Clark Street
Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Carport Y/NNo
CityWest Hollywood
Community FeaturesMountainous, Urban
CoolingCentralAir, WallWindowUnits
CountyLos Angeles
Days on Market60
DirectionsNorth of Sunset Blvd on Clark Street
Electric Expense0.0
Electric On Property Y/NNo
Entry LocationStreet
Fuel Expense0.0
Garage Spaces0.0
Garage Y/NNo
Gross Income141348.0
Home Owner AssocNo
Home Warranty Y/NNo
Insurance Expense2550.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Lot Size Square Feet6718.0
Lot Size UnitsSquareFeet
MLS AreaC03 - Sunset Strip - Hollywood Hills West
MaintenanceExpense3400.0
MobileHomeRemainsYNNo
Net Operating Income94052.0
New ConstructionNo
NumberOfUnitsTotal4
Operating Expense43090.0
Pool FeaturesNone
Private PoolNo
Property Sub Type AdditionalQuadruplex
Property SubTypeQuadruplex
Property TypeResidentialIncome
Rent Control Y/NYes
RoofComposition, Shingle
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories2
Tax Lot12
Taxes$32,340
Tenant PaysElectricity, Gas
TermsCashToNewLoan
Trash Expense0.0
View Y/NNo
Water Sewer Expense1800.0
Waterfront Y/NNo
Year Built1928
Year Built SourceAssessor
ZoningWDR4*
Exterior for 1204 N Clark Street
Building Area Total3400.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesZeroToOneUnitAcre, RectangularLot
Lot Size Acres0.1542
Lot Size Area6718.0
Lot Size SourceAssessor
Number of Buildings2
Number of Separate Electric Meters4
Number of Separate Gas Meters3
Number of Separate Water Meters1
Open Parking Y/NNo
SpaNo
Total Parking0.0
Water SourcePublic
Additional Details
Price History
Stephen Pliaconis
Pliaconis Realty Group REALTOR® DRE 02015480