1269 Havenhurst Dr - Apartments FOR SALE


West Hollywood, CA 90046
$4,995,000 USD
310-722-3161
1269 Havenhurst Dr, West Hollywood, CA for Sale
$4,995,000 USD
Apartments - FOR SALE
1/18
null | 3.8% Cap Rate

1269 Havenhurst Dr
West Hollywood, CA 90046


HIGHLIGHTS

  • Walkable to premium dining, cafes and entertainment option on Santa Monica Blvd and Sunset Blvd. (Walk Score of 92).
  • Potential for significant upside through Mills Act property tax reduction (see OM).
  • 3 Units thoughtfully updated to offer new kitchens with stainless steel appliances and granite counter-tops and in-unit washer/dryer.
  • Separately metered for Gas and Electricity.
  • Onsite Parking for Each Unit (10 Spaces Total).
  • Spacious Units (some have private patios) with vintage fixtures , hardwood floors and bay windows.

OVERVIEW

The Mason Canter Group is pleased to present a unique and rare opportunity to acquire a fine example of a Spanish Revival property in prime West Hollywood. 1263-1269 Havenhurst is a meticulously maintained, 10-unit property in the heart of West Hollywood. The Old Hollywood charm of these beautiful, highly sought-after apartment residences can be seen throughout: a bubbling fountain at the entry and manicured, lush gardens surrounding the property. Most residences offer views of the original courtyard and its plentiful greenery (or other parts of the grounds). Units are spacious, 1 bedroom and 2 bedroom residences with high ceilings, hardwood floors, many vintage details and, in the case of 3 of the units, thoughtfully updated kitchens with modern amenities (including dishwasher and washer/dryer). Along with ample built-in storage, these features ensure that vacancy periods are short. The property is consistently 100% occupied. Some units offer private patios. Each unit has 1 assigned parking space in the on-site garage. Separately metered for gas and electricity. Potential for significant upside through Mills Act property tax reduction (see OM).

FOR SALE DETAILS

PRICE

$4,995,000 USD

PRICE/SF

$491 USD /SF

# OF UNITS

10

PRICE/UNIT

$499,500

CAP RATE

3.8%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Casa Julieta

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1939

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.35 AC

LAND SF

15,127 SF

ZONING

WDR4

APN/PARCEL ID

5554-016-033

ASK ABOUT THIS PROPERTY

Mason CanterKW CommercialMore Info
310-722-3161

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Mason CanterKW CommercialMore Info
310-722-3161

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.