34.08474 -118.377335

8520 Sherwood Drive West Hollywood, CA 90069

319868435 34.08474 -118.377335 124 /listing/319868435-150078717/8520-sherwood-drive-west-hollywood-ca-90069 False 0 4795000.0 9392 105 8 12 22180901 False
  • $4,795,000
  • 8 bd
  • 12 ba
  • 9,392 sqft
  • 0.15 lot
  • Est payment $25740.6/mo

Property & Neighborhood Info

Courtesy Of Jason Tuvia, DRE#01772495, Marcus & Millichap

Multi-Family in West Hollywood

We are pleased to present a twelve (12) unit apartment building with preliminary plans for three (3) ADU units and four (4) vacant units for immediate renovation and upside priced at only 399K/door! The subject property is situated in a prime Tri-West location, south of Santa Monica Boulevard and west of La Cienega Boulevard. Built in 1957, this offering contains a solid unit mix of four (4) studio/one-bathroom units, eight (8) one-bedroom/one-bathroom units, and preliminary plans for three (3) studio/one-bathroom ADU units in the basement while keeping all existing parking spaces, all in prime West Hollywood. The property features large units with potential to reconfigure the layouts, creating additional beds and maximizing rent potential. Each unit features laminate flooring in the living rooms and bedrooms, while the kitchens and bathrooms boast unique tile with tons of built-in storage/cabinetry. These character units are expansive and bright with plenty of windows letting in natural light. All units come fully equipped with ceiling fans, window A/C units, stove/oven combos, refrigerators, and access to on-site laundry facilities. Select units include updated kitchens and fresh paint. Located on the corner of Sherwood Drive and West Knoll Drive, this 9,392 square foot building sits on a 6,466 square foot lot. This well-maintained property features an Old-Hollywood aesthetic, fitting for its prime location. It also includes eight (8) tuck-under parking spaces which need to be retrofitted (ADUs will lower the scope and cost of required soft-story retrofit), multi-level balcony space, and lovely curb appeal. Tenants enjoy the walkable access to dominant commercial corridors on La Cienega Blvd, a one (1) minute walk, and the Beverly Center, a fifteen (15) minute walk south. Situated in prime West Hollywood, this offering presents an excellent opportunity for any investor to capitalize on huge rental upside proximate to some of Los Angeles' most sought-after dining,

Courtesy Of Jason Tuvia, DRE#01772495, Marcus & Millichap
  1. 8 Beds
  2. 12 Baths
  3. 9,392 Sq. Ft.
  4. 0.15 Lot

Main Features

  • Listing Status: Active
  • Year Built: 1957
  • County: Los Angeles
  • Units: 12
  • Zoning: WDR3C*
  • MLS Number:22180901

Additional Features

  • Flooring:
    • Wood
  • Interior Features:
    • CeilingFans
  • Appliances:
    • BuiltIn
    • Dryer
    • Oven
    • Range
    • RangeHood
    • Refrigerator
    • Washer
  • Building Square Feet:
    • 9392
  • Levels:
    • MultiSplit
  • New Construction:
    • N
  • Occupied By:
    • Tenant
  • View:
    • CityLights
    • Y
  • Year Built Source:
    • Assessor
  • Condition:
    • UpdatedRemodeled
  • Lot Description:
    • FrontYard
  • Pool:
    • None
  • Spa:
    • None
  • Spa YN:
    • false
  • Parking:
    • Covered
  • Heating:
    • WallFurnace
  • Number of Buildings:
    • 1
  • Gross Income:
    • 250008
  • Net Operating Income:
    • 155376
  • HOA:
    • N
  • Special Conditions:
    • Standard
  • Cap Rate:
    • 3.24
  • DOM:
    • 37
  • Listing Service:
    • FullService
  • Listing Type:
    • SellerReserved
  • Listing Key:
    • 1020442929
  • Parcel Number:
    • UNAVAILABLE
  • Possession:
    • CloseOfEscrow
  • Public Document Count:
    • 0
  • Quarter Bath:
    • 0
  • SQFT Source:
    • Assessor
  • Three Quarter Bath:
    • 0
Neighborhood info courtesy of Homes.com © 2022

What's My Mortgage?

$38,769.95*
*Estimated monthly payment is a starting point to help assist you with your home search. To find out more about mortgage pre-qualification, click here.
Leisure Living Resales, Inc.
Leisure Living Resales, Inc.
(562) 493-6601
13918 Seal Beach Blvd. Seal Beach CA 90740
no name available Leisure Living Resales, Inc.
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34.08474 -118.377335

8520 Sherwood Drive West Hollywood, CA 90069

319868435 34.08474 -118.377335 124 /listing/319868435-150078717/8520-sherwood-drive-west-hollywood-ca-90069 False 0 4795000.0 9392 105 8 12 22180901 False
  • $4,795,000
  • 8 bd
  • 12 ba
  • 9,392 sqft
  • 0.15 lot
  • Est payment $25740.6/mo