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    1041 N Stanley Ave

    West Hollywood, CA 90046
    • $2,900,000
    • STATUS: Active
    • ON SITE: 9 days
    • ID#: 21-759848
    UPDATED: 219 min ago
    $2,900,000
    • 13
      BEDS
    • 0.15
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 6,756
      SQFT
    • $429
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1957
    County:

    School Ratings & Info

    Description

    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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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-07-23T23:42:45.767. 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.brandiprattrealestate.com/homes/119302522
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    1041 N Stanley Ave West Hollywood, CA 90046

    • Price: $2,900,000
    • Status: Active
    • Updated: 219 min ago
    • ID#: 21-759848
    13
    Beds
    0
    Baths
    0
    ½ Baths
    0.15
    Acres
    6,756
    SQFT
    $429
    $/SQFT
    1957
    Built
    Neighborhood:
    West Hollywood Vicinity
    County:
    Los Angeles
    Area:
    West Hollywood Vicinity
    Property Description
    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.
    Exterior Features

    Lot Size Area 6526 Other Structures None Parking Garage CarportCovered Parking Total Parking 8

    Interior Features

    Bathroom Features Shower Over Tub Baths Total 13.00 Cooking Appliances Oven-GasCooktop - Gas Cooling None Equipment Ceiling Fan Heating None Laundry Laundry Area

    Property Features

    Gross Income 152748 Gross Operating Income 149693 Like Units1 5 Like Units2 3 Net Operating Income 89985.00 Number Of Buildings 1 Number Of Units 8 Sale Type Standard Source Living Area Owner Source Lot Size Area Owner Total Annual Expense 59708 Type Of Units Apartment Year Built Source Seller Zoning Wdr3c*

    Listing provided courtesy of Kimberly Roberts Stepp DRE#01251767 of Stepp Commercial.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-07-23T23:42:45.767. 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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    eXp Realty of California, Inc.
    2603 Camino Ramon, Suite 200
    San Ramon CA, 94583