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    1283 Havenhurst Dr , #407

    West Hollywood, CA 90046
    • $10,495,000
    • STATUS: Active
    • ON SITE: 20 Days
    • ID#: 21-791776
    UPDATED: 172 min ago
    $10,495,000
    • 21
      BEDS
    • 0.23
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 12,990
      SQFT
    • $808
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    2008
    County:

    School Ratings & Info

    Description

    Rare opportunity to acquire an 8-unit luxury condominium building located in the heart of West Hollywood. All units are separately parceled (APNS: 5554-016-064, 065, 066, 067, 068, 069, 070, 071), and the Property boasts an exceptional unit mix of (3) 2+3 private entranced townhomes and (5) spacious 3+2 condominium and penthouse residences. This is a turnkey, pride-of-ownership asset with quality construction and exquisite design features. All units include modern luxury finishes, stainless steel appliances, designer kitchens with custom cabinets, Caesarstone countertops and glass backsplashes, hardwood flooring, high ceilings with recessed lighting, spacious layouts, floating bathroom vanities, and in-unit laundry. The well-designed units have an abundance of natural light and feature large curving or wrap around balconies, many with sweeping city views. While all of the units are in pristine condition and contain modern luxury finishes, a new investor will have the opportunity to add additional building upgrades to capitalize on the remaining rental upside. Building amenities include a beautifully landscaped courtyard and a massive rooftop deck with spectacular 360-degree views, seating areas, and a brand-new BBQ island and grill, offering tenants the perfect space for relaxation and entertainment. ver the past year, ownership has invested in extensive building upgrades including complete building paint, installation of new lighting throughout, beautiful drought-resistant landscaping with drip systems, new entry systems, all new gates, front entrance lobby doors, new epoxy floors in garages and stairwells, and much more. Additionally, the Property benefits from secured gated entry and two private parking garages with 19 spaces. The Property is ideally positioned in an unparalleled West Hollywood location, often referred to as the trendiest and most desirable neighborhood in all of Los Angeles. Tenants are situated in the heart of everything, only one block away from the world-famous Sunset Blvd and Santa Monica Blvd and minutes from the coveted Melrose Avenue. The Property is a Walkers Paradise, conveniently located amongst countless amenities including critically acclaimed restaurants, nightlife, shopping, hotels, entertainment venues, museums, fitness centers, and much more. Further, the Property is centrally located near major employment centers including Beverly Hills, Century City, Hollywood and Downtown LA. 1283 Havenhurst offers an investor the opportunity to purchase a well-maintained, income generating trophy asset with recent capital expenditures and additional upside in rents.

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-10-25T23:44:10.407. 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.theparsonsrealestateteam.com/homes/122114918
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    1283 Havenhurst Dr , #407 West Hollywood, CA 90046

    • Price: $10,495,000
    • Status: Active
    • Updated: 172 min ago
    • ID#: 21-791776
    21
    Beds
    0
    Baths
    0
    ½ Baths
    0.23
    Acres
    12,990
    SQFT
    $808
    $/SQFT
    2008
    Built
    Neighborhood:
    West Hollywood Vicinity
    County:
    Los Angeles
    Area:
    West Hollywood Vicinity
    Property Description
    Rare opportunity to acquire an 8-unit luxury condominium building located in the heart of West Hollywood. All units are separately parceled (APNS: 5554-016-064, 065, 066, 067, 068, 069, 070, 071), and the Property boasts an exceptional unit mix of (3) 2+3 private entranced townhomes and (5) spacious 3+2 condominium and penthouse residences. This is a turnkey, pride-of-ownership asset with quality construction and exquisite design features. All units include modern luxury finishes, stainless steel appliances, designer kitchens with custom cabinets, Caesarstone countertops and glass backsplashes, hardwood flooring, high ceilings with recessed lighting, spacious layouts, floating bathroom vanities, and in-unit laundry. The well-designed units have an abundance of natural light and feature large curving or wrap around balconies, many with sweeping city views. While all of the units are in pristine condition and contain modern luxury finishes, a new investor will have the opportunity to add additional building upgrades to capitalize on the remaining rental upside. Building amenities include a beautifully landscaped courtyard and a massive rooftop deck with spectacular 360-degree views, seating areas, and a brand-new BBQ island and grill, offering tenants the perfect space for relaxation and entertainment. ver the past year, ownership has invested in extensive building upgrades including complete building paint, installation of new lighting throughout, beautiful drought-resistant landscaping with drip systems, new entry systems, all new gates, front entrance lobby doors, new epoxy floors in garages and stairwells, and much more. Additionally, the Property benefits from secured gated entry and two private parking garages with 19 spaces. The Property is ideally positioned in an unparalleled West Hollywood location, often referred to as the trendiest and most desirable neighborhood in all of Los Angeles. Tenants are situated in the heart of everything, only one block away from the world-famous Sunset Blvd and Santa Monica Blvd and minutes from the coveted Melrose Avenue. The Property is a Walkers Paradise, conveniently located amongst countless amenities including critically acclaimed restaurants, nightlife, shopping, hotels, entertainment venues, museums, fitness centers, and much more. Further, the Property is centrally located near major employment centers including Beverly Hills, Century City, Hollywood and Downtown LA. 1283 Havenhurst offers an investor the opportunity to purchase a well-maintained, income generating trophy asset with recent capital expenditures and additional upside in rents.
    Exterior Features

    Lot Size Area 10017 Other Structures None Parking Garage Controlled EntranceGarageGated Total Parking 19

    Interior Features

    Baths Total 19.00 Cooling Central Equipment DishwasherDryerGarbage DisposalFreezerWasherRefrigeratorRange/OvenMicrowave Heating Central

    Property Features

    Assessed Total Value 1764518 Gross Income 541320 Gross Operating Income 525080 Like Units1 3 Like Units2 5 Net Operating Income 335367.00 Number Of Buildings 1 Number Of Units 8 Sale Type Standard Source Living Area Assessor Source Lot Size Area Vendor Enhanced Tenant Pays ElectricityGasWater Total Annual Expense 189714 Type Of Units Condominium Water Heaters YN Yes Year Built Source Vendor Enhanced Zoning Wdr4*

    Listing provided courtesy of Janet Neman DRE#01069127 of Kidder Mathews Of California, Inc..


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-10-25T23:44:10.407. 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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