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1031 N Crescent Heights Blvd

West Hollywood, CA 90046
  • $13,695,000
  • STATUS: Active
  • ON SITE: 33 Days
  • MLS #: 21-112175
UPDATED: 155 min ago
$13,695,000
  • 30
    BEDS
  • 0.42
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 21,374
    SQFT
  • $641
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1989
County:

School Ratings & Info

Description

Rare opportunity to acquire a trophy property located at 1031 N. Crescent Heights Boulevard in prime West Hollywood. Also known as "La Ventana," the property was built in 1989 and thus is not subject to the strict rent control regulations of the city of West Hollywood, allowing for immediate upside (seller has not raised the rents during the pandemic). It consists of fifteen (15) large two-bedroom / two-bathroom units and many featuring soaring vaulted ceilings with an abundance of natural light. The units feature upgraded and luxurious amenities including stainless steel appliances, quartz or granite countertops, fireplaces, hardwood floors, spacious kitchens/bedrooms/bathrooms, in-unit washer/dryers, large balconies, and central heat and air conditioning. The common areas include an on-site heated pool with barbeque area, recreation room, copper plumbing, security cameras, and gated parking consisting of 34 total spaces (including guest parking). Additionally, the property is a potential candidate for a condominium conversion and previously had an approved tentative tract map. The location is a walker's paradise with a "Walk Score" of 92. Esteemed La Ventana presents an investor with a unique opportunity to immediately capitalize on higher market rents and to acquire a prime low maintenance asset in one of the best rental locations in all of LA.

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-01-17T23:42:25.73. 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.deserthouseseekers.com/homes/124053836
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1031 N Crescent Heights Blvd West Hollywood, CA 90046

  • Price: $13,695,000
  • Status: Active
  • On Site: 33 Days
  • Updated: 155 min ago
  • MLS #: 21-112175
30
Beds
0
Baths
0
½ Baths
0.42
Acres
21,374
SQFT
$641
$/SQFT
1989
Built
Neighborhood:
West Hollywood Vicinity
County:
Los Angeles
Area:
West Hollywood Vicinity
Property Description
Rare opportunity to acquire a trophy property located at 1031 N. Crescent Heights Boulevard in prime West Hollywood. Also known as "La Ventana," the property was built in 1989 and thus is not subject to the strict rent control regulations of the city of West Hollywood, allowing for immediate upside (seller has not raised the rents during the pandemic). It consists of fifteen (15) large two-bedroom / two-bathroom units and many featuring soaring vaulted ceilings with an abundance of natural light. The units feature upgraded and luxurious amenities including stainless steel appliances, quartz or granite countertops, fireplaces, hardwood floors, spacious kitchens/bedrooms/bathrooms, in-unit washer/dryers, large balconies, and central heat and air conditioning. The common areas include an on-site heated pool with barbeque area, recreation room, copper plumbing, security cameras, and gated parking consisting of 34 total spaces (including guest parking). Additionally, the property is a potential candidate for a condominium conversion and previously had an approved tentative tract map. The location is a walker's paradise with a "Walk Score" of 92. Esteemed La Ventana presents an investor with a unique opportunity to immediately capitalize on higher market rents and to acquire a prime low maintenance asset in one of the best rental locations in all of LA.
Exterior Features

Lot Size Area 18149 Other Structures Other Parking Garage Covered ParkingGated Total Parking 34

Interior Features

Baths Total 31.00 Cooling Other Equipment Other Heating Other

Property Features

Assessed Total Value 11537199 Gross Income 746232 Gross Operating Income 724241 Like Units1 12 Like Units2 2 Like Units3 1 Net Operating Income 455978.00 Number Of Buildings 1 Number Of Units 15 Sale Type Standard Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Total Annual Expense 268263 Type Of Units Apts Year Built Source Vendor Enhanced Zoning Wdr3a*

Listing provided courtesy of Ardy Ishal DRE#01769601 of Brc Advisors- Bh.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-01-17T23:42:25.73. 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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