8218 De Longpre Ave - Apartments FOR SALE


West Hollywood, CA 90046
$5,195,000 USD
310-968-5303
8218 De Longpre Ave, West Hollywood, CA for Sale
$5,195,000 USD
Apartments - FOR SALE
1/17
null | Request Cap Rate

8218 De Longpre Ave
West Hollywood, CA 90046


HIGHLIGHTS

  • Premier West Hollywood location
  • Excellent unit mix (mostly large 1, 2, 3, and 4-bedroom units) - Two units are dramatic 2-story Townhome style floor plans
  • Significant rental upside (current rent/SQFT of $2.22)
  • Large 13,044 SQFT lot zoned WD-R4
  • Long term ownership
  • Walker's Paradise - Centrally located near some of the city’s best dining, retail, nightlife, and entertainment venues

OVERVIEW

Jonathan Taksa of the Taksa Investment Group, part of RE/MAX Commercial & Investment Realty, is pleased to present 8218 De Longpre Avenue, a prestigious opportunity to acquire a true pride of ownership property in one of the best locations in prime West Hollywood. Set prominently on an idyllic tree lined street, the beautiful open courtyard property boasts an ideal unit mix consisting of large 1 and 2-bedroom units and two dramatic two-story townhome style units, one with 3 bedrooms and one with 4 bedrooms (in addition, there is one studio unit). Each of the units is very spacious, has a terrific floor plan, and offers an abundance of natural light. Built in 1955 and owned by the current ownership’s family for over 40 years, the property is an ideal mid-century gem. Units feature hardwood floors (select units), spacious kitchens/bedrooms/ bathrooms, and large closets. Other property features include a well landscaped courtyard, a large sparkling pool, an on-site laundry facility, a pitched roof, and on-site parking. All soft story retrofit work has been completed by ownership. Close to some of the Westside’s best dining, retail, and nightlife, this rare offering presents an astute investor with the unique opportunity to capitalize on higher market rents and to acquire a premier turnkey asset in one of the best rental locations in all of Los Angeles.

FOR SALE DETAILS

PRICE

$5,195,000 USD

PRICE/SF

$344 USD /SF

# OF UNITS

15

PRICE/UNIT

$346,333

CAP RATE

Request Cap Rate

% LEASED

93%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

15 Units in A+ Location of West Hollywood

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1955

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.3 AC

LAND SF

13,044 SF

ZONING

WDR4*

APN/PARCEL ID

5554-019-011

ASK ABOUT THIS PROPERTY

Jonathan TaksaRE/MAX Commercial & Investment RealtyMore Info
310-968-5303

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Jonathan TaksaRE/MAX Commercial & Investment RealtyMore Info
310-968-5303

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