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$ 2,200,000
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525 N Sweetzer AVE West Hollywood, CA 90048
12 Beds
10 Baths
6,120 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 6,120 sqft
Price per Sqft $359
MLS Listing ID 25617219
Bedrooms 12
HOA Y/N No
Year Built 1959
Lot Size 5,492 Sqft
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
Area C10 - West Hollywood Vicinity
Zoning WDR3C*
Interior
Heating None
Cooling None
Fireplace No
Exterior
Parking Features Covered
Building
Entry Level Multi/Split
Level or Stories Multi/Split
New Construction No
Others
Senior Community No
Tax ID 5528004049
Special Listing Condition Standard
Listed by Michael Kamara Lyon Stahl Investment Real Estate, Inc.