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$ 2,200,000
Est. payment /mo
Pending
525 N Sweetzer Avenue West Hollywood, CA 90048
6,120 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Pending
Purchase Type For Sale
Square Footage 6,120 sqft
Price per Sqft $359
MLS Listing ID CL25617219
HOA Y/N No
Year Built 1959
Lot Size 5,493 Sqft
Acres 0.13
Property Sub-Type Other
Property Description
525 N Sweetzer Ave, a 6 unit apartment building located in the heart of West Hollywood, a highly desirable area in Los Angeles, California. Built in 1959, the property consists of (2) one-bedroom + one-bathroom units, (2) two-bedroom + two-bathroom units and (2) three-bedroom + two-bathroom units. The building is 6,120 gross square feet and sits on a 5,493square foot lot.Located in the heart of West Hollywood, 525 N Sweetzer Ave offers residents a vibrant and sophisticated lifestyle surrounded by some of Los Angeles' most desirable destinations. Just moments from Melrose Avenue, Beverly Grove, and the Design District, this property places tenants at the center of fashion, dining, and culture. With a Walk Score of 93, residents can easily explore local cafes, high-end boutiques, and acclaimed restaurants such as Catch LA, Cecconi's, and Croft Alley. Just minutes away, the Pacific Design Center, Beverly Center, and West Hollywood Park contribute to the area's vibrant mix of design, culture, and leisure.525 N Sweetzer Ave represents a unique value-add opportunity for investors due to the property's location and rental upside. The property offers a initial CAP rate of 5.39% with the ability to improve to a 8.24% CAP rate once units turnover.
Location
State CA
County Los Angeles
Zoning WDR3
Interior
Heating None
Cooling None
Fireplace No
Building
New Construction No
Others
Tax ID 5528004049
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Listed by Michael Kamara • Lyon Stahl Investment Real Estate, Inc.