1251 N Detroit Street

West Hollywood, CA 90046

PRICE REDUCED

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-$300,000 (-13.33%)

$1,950,000

List Price

6

bed Beds

4

shower Baths

2,984 sqft

straighten / sqft

1947

calendar_month Built

Property Description

We are pleased to present a four (4) unit apartment building located at 1251 N Detroit Street in West Hollywood, California. The subject property is situated in a prime West Hollywood location, south of Fountain Avenue and west of N La Brea Avenue. Built in 1947, this property contains a good unit mix of two (2) one-bedroom / one-bathroom units and two (2) two-bedroom / one-bathroom units. The asset will be de livered 75% vacant. Select units have also been renovated with new appliances, cabinets, windows, sinks, and in unit washer and dryer. This offering also includes RTI plans for a duplex consisting of two (2) three-bedroom / two-bathroom units that will be situated between the two existing structures. Tenants will love living within only a couple miles from the Sunset Strip, Hollywood Boulevard, and numerous fashion, art, and entertainment amenities that West Hollywood has to offer. The neighborhood attracts many young professionals given the film, fashion, and art industry presence in this location. Plenty of dedicated street parking is available. Situated in the coveted 90046 zip code, this offering presents an excellent opportunity for any investor to capitalize on a 75% vacant property with RTI plans for two additional units while still getting a highly levered residential loan.

Listing Information

List Price $1,950,000
Status Active
MLS 24436081
Type Residential Income
Year Built 1947
Lot Size 6,673
Structure Size 2,984
DOM 26
Courtesy Of Marcus & Millichap
Listing Agent Jason Tuvia DRE#01772495

Interior Features

Total Bedroom
Bedrooms 6
Total Bathroom
Bathrooms 4

Exterior Information

Other Structures
Features Covered
View Yes

Maps

Listing information courtesy of: Jason Tuvia, Marcus & Millichap . *Based on information from the Association of REALTORS/Multiple Listing as of Oct 1st, 2024 at 6:56 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. 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.