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$ 5,250,000
Est. payment | /mo
10,744 SqFt
$ 5,250,000
Est. payment | /mo
10,744 SqFt
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 10,744 sqft
Price per Sqft $488
MLS Listing ID CL25586183
HOA Y/N No
Year Built 1950
Lot Size 0.280 Acres
Acres 0.28
Property Sub-Type Other
Property Description
Paloma Realty Partners is proud to present 8730-8736 Holloway Drive, a 16-unit value-add multifamily offering located in the heart of West Hollywood just steps from the world-famous Sunset Strip. This is a rare opportunity to acquire two adjacent eight-unit buildings on separate APNs totaling 10,744 SF of rentable space, situated on a 12,014 SF lot. The property features a mix of renovated and classic one-bedroom units, with seven current vacancies. Investors have immediate lease-up potential and the ability to capitalize on West Hollywood's premium rental rates, which range from $2,750 to $3,250 for similar units. The property comes with 16 parking spaces(12 covered, 4 open) and is located close to popular hotspots, keeping the neighborhood in high demand among affluent renters. Each unit has its own water heater, and all units are separately metered for gas and electricity.
Location
State CA
County Los Angeles
Zoning WDR4
Interior
Heating None
Fireplace No
Appliance Dryer
Laundry Dryer, Washer
Building
New Construction No
Others
Tax ID 4339009001
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Listed by Adam Kanizo • Paloma Realty Partners, Inc.
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