Multifamily

1264 N Sweetzer Ave

1264 N Sweetzer Ave, West Hollywood, CA 90069

Listing Price: $6,200,000

Cap Rate
3.30%
Number of Units
15
Price/Unit
$413,333
Price/Gross SF
$389.42
Gross SF
15,921

Investment Overview

Marcus and Millichap, as the exclusive listing agent is pleased to present the opportunity to acquire 1264 North Sweetzer Avenue, a 15-unit multifamily investment opportunity located in the supply constrained West Hollywood submarket of Los Angeles. The property features 15,921 square feet of gross rentable area, situated on a 9,369-square foot lot. The 15-unit building is composed of three one-bedroom/one-bathroom units, three one-bedroom/one-bathroom units with den and nine two-bedroom/two-bathroom units. The building is well-maintained and offers gated secured entry, on-site parking and Laundry Facilities for tenants. The property is situated in one of the trendiest locations in Los Angeles, sitting just north of Santa Monica Boulevard, sandwiched between Flores Street to the west and Harper Avenue to the east. This prime location offers a tremendous amount of dining, shopping and entertainment destinations in walking distance to the property, while being a short commute of major employment centers such as Century City, Beverly Hills, Hollywood, and Downtown Los Angeles. 1264 North Sweetzer Avenue offers tenants excellent proximity to some of Los Angeles’ finest amenities such as the Beverly Center, Pacific Design Center, Melrose Avenue, the Sunset Strip, Restaurant Row on La Cienega, the world renowned shopping center, The Grove, LA County Museum of Art (LACMA) and others. Nearby grocers include Trader Joe’s, Whole Foods Market and Bristol Farms. Local dining options include E.P. & L.P, Fig & Olive, Taste on Melrose, Rosaline, Crossroads Kitchen, The Nice Guy and more. Due to the property’s premier location and rental upside, 1264 North Sweetzer Avenue offers a unique opportunity to any investor looking to acquire a well-maintained asset in the heart of West Hollywood.

Investment Highlights

  • Excellent Unit Mix Offering 60% of Unit Mix as Two-Bedrooms.
  • Approximately Over 50% in Rental Upside Through Renovation -a True Value-Add Opportunity.
  • Spacious Units Averaging 1,061-Sqaure Feet.
  • Roof Top Rec Room with 360 Degree Views of the City and Opportunity for Additional Income.
  • Property Offers Elevator, Rare Amenity for Rent Controlled Properties in the Area.
  • Property Includes On-Site Parking and Laundry Facilities for Tenants.

Exclusively Listed By

Listing Price: $6,200,000

Cap Rate
3.30%
Number of Units
15
Price/Unit
$413,333
Price/Gross SF
$389.42
Gross SF
15,921

Investment Highlights

  • Excellent Unit Mix Offering 60% of Unit Mix as Two-Bedrooms.
  • Approximately Over 50% in Rental Upside Through Renovation -a True Value-Add Opportunity.
  • Spacious Units Averaging 1,061-Sqaure Feet.
  • Roof Top Rec Room with 360 Degree Views of the City and Opportunity for Additional Income.
  • Property Offers Elevator, Rare Amenity for Rent Controlled Properties in the Area.
  • Property Includes On-Site Parking and Laundry Facilities for Tenants.

Investment Overview

Marcus and Millichap, as the exclusive listing agent is pleased to present the opportunity to acquire 1264 North Sweetzer Avenue, a 15-unit multifamily investment opportunity located in the supply constrained West Hollywood submarket of Los Angeles. The property features 15,921 square feet of gross rentable area, situated on a 9,369-square foot lot. The 15-unit building is composed of three one-bedroom/one-bathroom units, three one-bedroom/one-bathroom units with den and nine two-bedroom/two-bathroom units. The building is well-maintained and offers gated secured entry, on-site parking and Laundry Facilities for tenants. The property is situated in one of the trendiest locations in Los Angeles, sitting just north of Santa Monica Boulevard, sandwiched between Flores Street to the west and Harper Avenue to the east. This prime location offers a tremendous amount of dining, shopping and entertainment destinations in walking distance to the property, while being a short commute of major employment centers such as Century City, Beverly Hills, Hollywood, and Downtown Los Angeles. 1264 North Sweetzer Avenue offers tenants excellent proximity to some of Los Angeles’ finest amenities such as the Beverly Center, Pacific Design Center, Melrose Avenue, the Sunset Strip, Restaurant Row on La Cienega, the world renowned shopping center, The Grove, LA County Museum of Art (LACMA) and others. Nearby grocers include Trader Joe’s, Whole Foods Market and Bristol Farms. Local dining options include E.P. & L.P, Fig & Olive, Taste on Melrose, Rosaline, Crossroads Kitchen, The Nice Guy and more. Due to the property’s premier location and rental upside, 1264 North Sweetzer Avenue offers a unique opportunity to any investor looking to acquire a well-maintained asset in the heart of West Hollywood.

Exclusively Listed By

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