West Hollywood, CA 90046,7634 Hampton AVE
West Hollywood, CA 90046,7634 Hampton AVE
West Hollywood, CA 90046,7634 Hampton AVE
West Hollywood, CA 90046,7634 Hampton AVE
West Hollywood, CA 90046,7634 Hampton AVE
West Hollywood, CA 90046,7634 Hampton AVE
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$3,300,000

$3,400,000

2.9%
Est.Price: ?

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Est. payment /mo

13 Beds

10 Baths

6,154 SqFt


SOLD DATE : 10/11/2023

Key Details

Sold Price $3,300,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Square Footage 6,154 sqft

Price per Sqft $536

MLS Listing ID 23285527

Sold Date 10/11/23

Bedrooms 13

HOA Y/N No

Year Built 1955

Lot Size 6,669 Sqft

Property Description

Huge 500k Price Reduction! 8 Unit building with 5 fully renovated units (3 vacant) in prime West Hollywood cash flowing at an amazing 5.5% Cap Rate and 12.9 GRM from day 1! 1 Attached (1bed/1bath) RTI ADU under construction which will improve the current financials to an incredible Current 6.2% Cap Rate, 11.6 GRM and only 377k/door after completion. Additional 24% upside to 7.2% Cap Rate and 10.4 GRM on the proforma. Diverse Unit Mix of 2 (2bed/1bath), 3 (1bed/1bath+den) and 3 (1bed/1bath) units. Individually metered for Gas & Electricity. RTI Plans for 1 Attached ADU in the storage area (Under Construction) + Prelim Plans for 2 Detached ADUs over the carport. All 5 units have been completely renovated and boast a high-end aesthetic with new modern cabinets, flooring, recessed lighting, new bathrooms, stainless steel appliances, washer/dryer inside, as well as major exterior capital improvements. This property is located in the heart of West Hollywood just minutes away from the iconic Sunset Strip, Beverly Hills, and within close proximity to many hip neighborhood attractions, restaurants, bars, and shops such as Delilah, Laurel Hardware, Employees Only, Bar Lubitsch, Formosa Cafe, and more popping up all around the area.

Location

State CA

County Los Angeles

Area C10 - West Hollywood Vicinity

Zoning WDR2*

Interior

Interior Features Ceiling Fan(s)

Fireplace No

Appliance Microwave, Refrigerator

Exterior

Garage Detached Carport

Parking Type Detached Carport

Attached Garage No

Building

Entry Level Two

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 5530007016

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Armin Soleimani • Global Platinum Properties, Inc.
Bought with Alex Galuz • Keller Williams Realty Calabasas
Amin Zarif

Real Estate Agent & Loan Officer | License ID: 02076931

+1(949) 226-1789 | realestateaminzarif@gmail.com

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