Presenting 1041 North Stanley Avenue, an 8-unit apartment asset in West Hollywood, one of the most desirable submarkets of Los Angeles. Located a half a block south of Santa Monica Boulevard and five blocks east of Fairfax, 1041 North Stanley Avenue tenants enjoy some of the hottest restaurants, shopping and nightlife within walking distance. Built in 1957, the property has an advantageous unit mix of (5) two-bedroom/two-bathroom and (3) one-bedroom/one-bathroom units with 8 parking spaces. This asset offers an investor a rare opportunity to own a value-add apartment asset in a class A location and neighborhood in West Hollywood. The current units are ripe for luxury renovations and offer a 63% upside potential in rental income. Densely packed into 1.9 walkable square miles, West Hollywood includes a vast culinary landscape, the Sunset Strips notorious nightlife, designer flagships lining the Design District, celebrity hot spots, global annual events, premier spas, fitness centers and entertainment. With the median price of homes at $1.82 million, 1041 North Stanley Avenue is in a highly sought-after location.
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DAYS ON MARKET
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139
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LAST UPDATED
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12/1/2021
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YEAR BUILT
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1957
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COMMUNITY
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West Hollywood Vicinity
|
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COUNTY
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Los Angeles
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STATUS
|
Sold
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PROPERTY TYPE(S)
|
Residential Income
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|
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| AIR |
None |
| APPLIANCES |
Gas Cooktop, Gas Oven |
| AREA |
West Hollywood Vicinity |
| GARAGE |
Carport, Covered |
| HEAT |
None |
| HOA DUES |
0 |
| INTERIOR |
Ceiling Fan(s) |
| LOT |
6526 sq ft |
| PARKING |
Covered,Carport |
| STORIES |
2 |
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Listed with Stepp Commercial
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of 4/24/24 9:59 PM PDT and /or other sources. 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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