920 Westbourne Dr., West Hollywood, CA 90069 - 20613336 - iPro Real Estate
iPro Real Estate

iPro Real Estate

920 Westbourne Dr.
West Hollywood, CA 90069

Active, Multi-Family/Income Sale

For Sale

$3,995,000

Free Professional CMA

Listing ID : 20613336

  • Beds

    3
  • Year

    1955

Description

Situated just three blocks from the world-renowned Sunset Strip, the property sits among numerous upscale hotels and famous fine dining locations. A new investor can enjoy the attractive initial 4.30% CAP rate while also capitalizing on the opportunity to continually improve the income to capture the approximately 21% rentupside.Helping the building to attract tenants are the numerous interior upgrades and amenities. The spacious apartments feature in-unit washer/dryers, stainless steel appliances, quartz

Details

Type: Multi-Family/Income Sale 
County: Los Angeles 
Tax ID: 4339006011
Net Operating Income: $171,895 
Days on Market: 690 
Number of Units: 10 
Property Type: Residential Income 
Sub Type: Multi Family 
Zoning: WDR3C* 

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Interactive

34.088253 -118.38018 $3,995,000 20613336
920 Westbourne Dr., West Hollywood, CA 90069
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Area Information 90069

Population:

21,245 Up .02% since 2010
Average Income:
$153,985
Average Age:
42Years
Gender:
58.47%Male
41.53%Female
Households:
13,9264.27% with children
Average Value:
$1,637,284
Occupancy:
35.62%Owned
64.38%Rented
9.29%Vacant
Education:
11.19%High School
4.42%Associate
42.46%Bachelor
20.42%Graduate
Average Residency:
19Years
Crime Rate:
Very High
Annual Rainfall:
17.1Inches
Earthquake Risk:
Very High
Hurricane Risk:
Very Low
Ozone Risk:
Average
Pollution Risk:
Average
Tornado Risk:
Below Average

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Listed by Roderick 'Rick' Raymundo with Marcus & Millichap