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    1251 N Detroit St

    West Hollywood, CA 90046
    • $1,649,000
    • STATUS: Active
    • ON SITE: 69 days
    • MLS #: 21-692642
    $1,649,000
    • 1
      BEDS
    • 0.15
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,984
      SQFT
    • $553
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1947
    County:

    School Ratings & Info

    Description

    We are pleased to present this rare opportunity to build OR operate the turnkey 4-unit property located in prime WEST HOLLYWOOD. Zoning is R3C which allows to build up to 45 Feet. The property is currently situated on a 6,724 SF lot, consisting of (4) one-bed/one-bath units, & generating ~$51,400/year (including market rental of 1 unit to be delivered VACANT), which helps offset carry costs, during a developer's entitlement period OR provides cash flow for this turnkey investment rental property. ***The current owner has schematic designs for the opportunity to build 5-8 luxury condos w/ combined building area of about 9,500 SF in one of the trendiest blocks of West Hollywood.*** The design proposes each unit comprising of individual private rooftop decks providing for extended views and social space for outdoor living. The vacant lot next door provides developers tremendous opportunity to combine properties creating a more cost effective project. The area is experiencing significant redevelopment (w/ numerous properties currently in the process of development) with an emphasis on the 1100 and 1200 blocks of Detroit Street. With a walk score of 90, the property is in close proximity to local restaurants and shops, Sunset Strip, Hollywood, Melrose, Pacific Design Center, Cedars Sinai & Beverly Hills.

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-05-17T23:42:36.31. 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.searchdesertrealestate.com/homes/114898333
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    1251 N Detroit St West Hollywood, CA 90046

    • Price: $1,649,000
    • Status: Active
    • MLS #: 21-692642
    1
    Beds
    0
    Baths
    0
    ½ Baths
    0.15
    Acres
    2,984
    SQFT
    $553
    $/SQFT
    1947
    Built
    Neighborhood:
    West Hollywood Vicinity
    County:
    Los Angeles
    Area:
    West Hollywood Vicinity
    Property Description
    We are pleased to present this rare opportunity to build OR operate the turnkey 4-unit property located in prime WEST HOLLYWOOD. Zoning is R3C which allows to build up to 45 Feet. The property is currently situated on a 6,724 SF lot, consisting of (4) one-bed/one-bath units, & generating ~$51,400/year (including market rental of 1 unit to be delivered VACANT), which helps offset carry costs, during a developer's entitlement period OR provides cash flow for this turnkey investment rental property. ***The current owner has schematic designs for the opportunity to build 5-8 luxury condos w/ combined building area of about 9,500 SF in one of the trendiest blocks of West Hollywood.*** The design proposes each unit comprising of individual private rooftop decks providing for extended views and social space for outdoor living. The vacant lot next door provides developers tremendous opportunity to combine properties creating a more cost effective project. The area is experiencing significant redevelopment (w/ numerous properties currently in the process of development) with an emphasis on the 1100 and 1200 blocks of Detroit Street. With a walk score of 90, the property is in close proximity to local restaurants and shops, Sunset Strip, Hollywood, Melrose, Pacific Design Center, Cedars Sinai & Beverly Hills.
    Exterior Features

    Lot Size Area 6443 Other Structures Other Parking Garage Other Total Parking 0

    Interior Features

    Baths Total 4.00 Cooling Other Equipment Other Heating Other

    Property Features

    Assessed Total Value 1190885 Gross Income 4330 Gross Operating Income 0 Like Units1 1 Like Units2 1 Like Units3 1 Like Units4 1 Net Operating Income 0.00 Number Of Buildings 2 Number Of Units 4 Sale Type Standard Source Living Area Other Source Lot Size Area Vendor Enhanced Total Annual Expense 0 Type Of Units 4 Plex Year Built Source Vendor Enhanced Zoning Wdr3c*

    Listing provided courtesy of Josh 'Afi' Afighom DRE#01783784 of Josh "Afi" Afighom.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-05-17T23:42:36.31. 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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    The John Jay Group - Bennion Deville Homes
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