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Multifamily

1123 N Vista St

1123 N Vista St, West Hollywood, CA 90046

Listing Price: $1,100,000

Number of Units
3
GRM
11.11
Price/Unit
$366,667
Price/Gross SF
$511.39
Gross SF
2,151

Investment Overview

Marcus & Millichap is pleased to present 1123 N. Vista Avenue, a triplex located in the heart of West Hollywood. Built in 1924, this 2,151 square foot property sits on a 6,166 square foot lot and features three 1-bedroom, 1-bathroom units, each with its own private patio space. Tenants enjoy ample outdoor common area space and five on-site parking spaces.
The property presents a significant value-add opportunity for investors seeking to implement interior and exterior renovation plans. It is currently fully occupied, however there are efforts being made by ownership to deliver the property vacant or to provide a path to vacancies which will allow a future investor to renovate the property as desired. In addition, there is an attached one-car garage located at the rear of the property that could potentially be converted into an ADU (Buyer to investigate and confirm).
For Developers, the property is zoned WDR2, and offers the potential to transform the site into a 5-unit multifamily or condo building like many similar lots in the area that have the same zoning.
Located north of Santa Monica Blvd and nestled between N Fairfax Ave and N La Brea, the property is in the heart of West Hollywood and is considered a walker’s paradise boasting a walk score of 93. There are many public transportation options minimizing the need for a vehicle. Tenants are within proximity of the famous Sunset Strip, numerous restaurants, boutique shopping on Melrose Ave, and a short distance to Beverly Hills and Hollywood.

Investment Highlights

  • Value-add opportunity
  • Owner-user opportunity
  • Potential for ADU conversion
  • Development Potential for a 5-unit multifamily or condos
  • Prime location in West Hollywood

Exclusively Listed By

Financing By

Multifamily

1123 N Vista St

Listing Price: $1,100,000

Number of Units
3
GRM
11.11
Price/Unit
$366,667
Price/Gross SF
$511.39
Gross SF
2,151

Investment Highlights

  • Value-add opportunity
  • Owner-user opportunity
  • Potential for ADU conversion
  • Development Potential for a 5-unit multifamily or condos
  • Prime location in West Hollywood

Investment Overview

Marcus & Millichap is pleased to present 1123 N. Vista Avenue, a triplex located in the heart of West Hollywood. Built in 1924, this 2,151 square foot property sits on a 6,166 square foot lot and features three 1-bedroom, 1-bathroom units, each with its own private patio space. Tenants enjoy ample outdoor common area space and five on-site parking spaces. The property presents a significant value-add opportunity for investors seeking to implement interior and exterior renovation plans. It is currently fully occupied, however there are efforts being made by ownership to deliver the property vacant or to provide a path to vacancies which will allow a future investor to renovate the property as desired. In addition, there is an attached one-car garage located at the rear of the property that could potentially be converted into an ADU (Buyer to investigate and confirm). For Developers, the property is zoned WDR2, and offers the potential to transform the site into a 5-unit multifamily or condo building like many similar lots in the area that have the same zoning. Located north of Santa Monica Blvd and nestled between N Fairfax Ave and N La Brea, the property is in the heart of West Hollywood and is considered a walker’s paradise boasting a walk score of 93. There are many public transportation options minimizing the need for a vehicle. Tenants are within proximity of the famous Sunset Strip, numerous restaurants, boutique shopping on Melrose Ave, and a short distance to Beverly Hills and Hollywood.

Exclusively Listed By

Financing By

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