$1,749,000
West Hollywood, CA 90048
5
Beds
6
Baths
2,916
Sq. Ft.
1922
Year Built
Los Angeles
County
ResidentialIncome
Property Type
A rare and incredibly versatile four-unit opportunity in the heart of prime West Hollywood, just moments from the luxury boutiques, celebrated restaurants, and vibrant energy of Melrose Avenue and Beverly Boulevard. The property offers the best of both worlds: a private, freestanding 2-bedroom, 2.5-bath front residence tucked behind a gated, hedged courtyard, ideal for owner-user, plus a separate three-unit building at the rear featuring an upper 2-bedroom, 1-bath residence, a lower 1-bedroom, 1-bath unit, and a studio unit. With two units currently vacant (the front house and lower back studio unit), the property offers immediate flexibility for an owner-user or investor, while current gross rents are $4,612.64 per month ($55,352 annually) and projected market rents are approximately $9,775 per month ($117,300 annually). Behind mature ficus hedging and a gated entrance, the front home (#358), currently vacant, presents like a private bungalow, entirely separate from the rear building. The unit welcomes you with a charming front courtyard before opening to warm, inviting interiors featuring a fireplace, breakfast nook, living room, and kitchen designed for everyday living. A side driveway leads to the rear triplex and parking for three vehicles. Upstairs, the renovated 2-bedroom, 1-bath residence (#360) features soaring ceilings, an open-concept floor plan, generous built-in storage, a spacious kitchen, a dedicated dining area, and sliding glass doors that open to a private balcony. Downstairs, the 1-bedroom, 1-bath unit (#362C) offers an open living and kitchen area with a full bath, while the adjacent studio (#362D), currently vacant, includes its own kitchen and private bath with a shower. An on-site laundry room is also located at the property. Perfectly positioned just minutes from the Pacific Design Center, Melrose Avenue, Urth Caffe, and some of West Hollywood's best shopping, dining, and nightlife, this is an exceptional investment with long-term upside. Whether you're seeking immediate occupancy, high rental income, or a combination of both, this is a property that offers remarkable flexibility in one of Los Angeles' most coveted neighborhoods.
$9,309/mo
20% down · 7% APR · 30-yr fixed
Estimate only. Does not include taxes, insurance, or HOA.
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