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$ 15,425,000
Est. payment | /mo
40 Beds
40 Baths
23,675 SqFt
$ 15,425,000
Est. payment | /mo
40 Beds
40 Baths
23,675 SqFt
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 23,675 sqft
Price per Sqft $651
MLS Listing ID 24424451
Bedrooms 40
HOA Y/N No
Year Built 1989
Lot Size 0.408 Acres
Property Description
Huge price reduction!!! 8815 Cynthia Street is a prestigious opportunity to acquire a property in one of the best rental locations in prime West Hollywood. Built in 1989, the property isNOT subject to the city of West Hollywood's rent control (AB 1482 does apply). 4 of the units are subject to lower income covenants. The beautiful courtyard property boasts an ideal unit mix consisting of all 19 two-bedroom two bath units and 2 one-bedroom one bath units. Each of the units is extremely spacious, has a terrific floor plan, and offers an abundance of natural light. Units feature upgraded and luxurious amenities including stainless steel appliances, quartz or granite countertops, fireplaces, vinyl or laminate flooring, spacious kitchens/bedrooms/bathrooms, large balconies/patios, individual water heaters, and central heat and air conditioning. Other property features include secureentry, copper plumbing, 18 camera video system, and gated subterranean parking (an incredible 47 parking spaces for 21 units). 8815 Cynthia Street is regarded as a "Walker's Paradise" as it features an incredible Walk Score of 92. With such an abundance of parking and an ideal unit mix, the property is well positioned for an investor looking for a condominium conversion project. This rare offering presents an astute investor with the unique opportunity to capitalize on higher market rents and to acquire a premier asset in one of the best rental locations in all of Los Angeles.
Location
State CA
County Los Angeles
Area C10 - West Hollywood Vicinity
Zoning LCR4*
Interior
Heating Central
Cooling Central Air
Fireplace No
Exterior
Parking Features Underground
Total Parking Spaces 47
Building
Story 3
Entry Level Multi/Split
Level or Stories Multi/Split
New Construction No
Others
Senior Community No
Tax ID 4339013028
Special Listing Condition Standard
Listed by Jonathan Taksa • Remax Commercial and Investment Realty