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$12,995,000
Est. payment /mo
38 Beds
39 Baths
26,051 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 26,051 sqft
Price per Sqft $498
MLS Listing ID 26107233
Bedrooms 38
HOA Y/N No
Year Built 1963
Lot Size 0.356 Acres
Property Description
Exceptional 35-unit multifamily investment opportunity in the heart of prime West Hollywood, just two blocks from the world-famous Sunset Strip. Built in 1963, this five-story property encompasses approximately 26,051 square feet on a 15,499-square-foot lot, offering rare block-to-block frontage along Hacienda Place and La Cienega Boulevard. The desirable unit mix consists of (31) 1-bedroom/1-bath units, (3) 2-bedroom/2-bath units, and (1) 2-bedroom/2.5-bath unit with a den.The property has undergone extensive renovations and capital improvements, with over 91% of the units fully or semi-renovated. Interior upgrades include quartz countertops, stainless steel appliances, updated flooring, remodeled bathrooms, modern cabinetry, and upgraded fixtures. Significant capital improvements include a full roof replacement, elevator modernization, new water heater, updated exterior stucco and wood trim, balcony improvements, and swimming pool and equipment upgrades. Residents enjoy desirable amenities including a swimming pool, outdoor BBQ area, secured garage parking with 36 spaces, and on-site laundry facilities.Situated in one of Los Angeles County's most sought-after rental markets, the property boasts a Walk Score of 95 and is within close proximity to Soho House, Sunset Marquis, Erewhon, Gelson's, and an abundance of premier dining, shopping, and entertainment destinations. Located within the City of West Hollywood, the property is outside the jurisdiction of the City of Los Angeles Measure ULA transfer tax. With substantial renovations and major capital improvements already completed, 1115 Hacienda Place presents an attractive income-producing investment with additional rental upside through lease-up and the continued optimization of below-market rents, subject to applicable rent regulations. Listing includes parcels 5555-004-004 & 5555-004-030. (All property information, including square footage, rents, expenses, and financial projections, is deemed reliable but not guaranteed. Buyer to independently verify all information.)
Location
State CA
County Los Angeles
Area C10 - West Hollywood Vicinity
Zoning WDR4*
Interior
Heating Wall Furnace
Fireplace No
Appliance Dishwasher, Disposal, Microwave, Refrigerator
Exterior
Parking Features Community Structure
Pool Community
Community Features Pool
Total Parking Spaces 36
Private Pool No
Building
Story 3
Entry Level Three Or More
Level or Stories Three Or More
New Construction No
Others
Senior Community No
Tax ID 5555004004
Special Listing Condition Standard
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Listed by Janet Neman Kidder Mathews of California, Inc. #01069127
Nearby School & Business
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