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990 Palm Ave

West Hollywood, CA 90069
  • $6,500,000
  • STATUS: Active
  • ON SITE: 30 days
  • MLS #: 21-734512
UPDATED: 64 min ago
$6,500,000
  • 1
    BEDS
  • 0.29
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 9,158
    SQFT
  • $710
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1951
County:

School Ratings & Info

Description

Built in 1951 and renovated in 2020, this 22-unit property is located in the premier West Hollywood neighborhood between Holloway Drive and Santa Monica Boulevard, a location featuring some of the city's most famous restaurants, bustling entertainment and nightlife scenes, local cafes, and boutique shopping destinations.990 Palm Avenue totals 9,158 SF featuring a unit mix that includes 21 singles and 1 one-bedroom. This turnkey investment provides an investor the opportunity to acquire a building with recent capital expenditures and zero deferred maintenance required. The subject property is being offered at a low price per square unit of $295,455.19 of 22 units have been recently renovated with gourmet kitchens featuring stainless-steel appliances (gas oven with designer range top, refrigerator, and microwave), quartz countertops and new cabinetry. The units also feature a designer bathroom with pedestal sink, stylish shower tiles, mirrored closet doors in the dresser area, wood inspired flooring in the living/bedroom area, sleek porcelain tiles in the kitchen and bathroom, large wall-to-wall and walk-in closets, and a designer lighting and finishes package.The building is set on a 12,477 SF lot with community amenities including controlled-access entry, a retreat courtyard with a firepit and barbecue...

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-06-20T17:42:34.69. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
www.desertarealuxuryhomes.com/homes/117420415
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990 Palm Ave West Hollywood, CA 90069

  • Price: $6,500,000
  • Status: Active
  • Updated: 64 min ago
  • MLS #: 21-734512
1
Beds
0
Baths
0
½ Baths
0.29
Acres
9,158
SQFT
$710
$/SQFT
1951
Built
Neighborhood:
West Hollywood Vicinity
County:
Los Angeles
Area:
West Hollywood Vicinity
Property Description
Built in 1951 and renovated in 2020, this 22-unit property is located in the premier West Hollywood neighborhood between Holloway Drive and Santa Monica Boulevard, a location featuring some of the city's most famous restaurants, bustling entertainment and nightlife scenes, local cafes, and boutique shopping destinations.990 Palm Avenue totals 9,158 SF featuring a unit mix that includes 21 singles and 1 one-bedroom. This turnkey investment provides an investor the opportunity to acquire a building with recent capital expenditures and zero deferred maintenance required. The subject property is being offered at a low price per square unit of $295,455.19 of 22 units have been recently renovated with gourmet kitchens featuring stainless-steel appliances (gas oven with designer range top, refrigerator, and microwave), quartz countertops and new cabinetry. The units also feature a designer bathroom with pedestal sink, stylish shower tiles, mirrored closet doors in the dresser area, wood inspired flooring in the living/bedroom area, sleek porcelain tiles in the kitchen and bathroom, large wall-to-wall and walk-in closets, and a designer lighting and finishes package.The building is set on a 12,477 SF lot with community amenities including controlled-access entry, a retreat courtyard with a firepit and barbecue...
Exterior Features

Lot Size Area 12477 Other Structures None Parking Garage Driveway Gate Patio Features Patio Open Total Parking 14

Interior Features

Baths Total 22.00 Cooling Other Equipment MicrowaveRange/OvenRefrigeratorWasherDryer Flooring TileCarpet Heating Other Laundry Community

Property Features

Assessed Total Value 5192483 Gross Income 425832 Gross Operating Income 494540 Like Units1 21 Like Units2 1 Net Operating Income 252187.00 Number Of Buildings 1 Number Of Units 22 Property Condition Updated/Remodeled Sale Type Standard Security Features Other Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Source Lot Size Dimensions Vendor Enhanced Total Annual Expense 152353 Type Of Units Apartment Water Heaters YN Yes Year Built Source Vendor Enhanced Zoning Wdr4*

Listing provided courtesy of Neema Ahadian DRE#01346750 of Marcus & Millichap.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-06-20T17:42:34.69. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
 
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