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Multifamily

617 N. Sweetzer

617 N Sweetzer Ave, West Hollywood, CA 90048

Listing Price: $3,000,000

Cap Rate
3.74%
Number of Units
7
GRM
16.23
Occupancy
97.0%
Price/Unit
$428,571
Price/Gross SF
$433.78
Gross SF
6,916

Investment Overview

Marcus & Millichap, as the exclusive listing agent, is pleased to offer for sale, for the first time in over 35 years, 617 N. Sweetzer Avenue, a 7-unit apartment building located in one of the most desirable parts of West Hollywood, California.

Situated on a 5,500 SF lot, the property consists of 6,916 SF and features one (1) studio, two (2) One-Bedroom/One-Bathroom, and four (4) Two-Bedroom/Two-Bathroom units. The property will be delivered with a vacant two-bedroom unit.

617 N. Sweetzer Avenue is an excellent opportunity for a buyer looking to purchase an investment property located within close proximity to world-famous shopping, dining, and entertainment venues. Residents enjoy being within walking distance to everyday amenities, while also having convenient access to the 101 Freeway, offering them easy accessibility to many popular employment centers throughout Los Angeles, including West Hollywood, Hollywood, Beverly Hills, and Century City.

Being on the market for the first time in over 35 years, this is the perfect opportunity for a buyer looking to acquire a property in an excellent location with strong upside potential.

Investment Highlights

  • First Time on The Market in Over 35 Years.
  • Excellent Upside Potential By Taking Advantage of Interior/Exterior Renovation Plan.
  • An Exceptionally Well-Maintained Building.
  • The Property Has Large Floor Plans with the Average Unit Size Being Over 980 Sq. Ft
  • Close Proximity to Local Shopping, Dining & Entertainment.
  • Average Annual Household Income in West Hollywood Are $121,557 Within a 1-Mile Radius

Exclusively Listed By

Listing Price: $3,000,000

Cap Rate
3.74%
Number of Units
7
GRM
16.23
Occupancy
97.0%
Price/Unit
$428,571
Price/Gross SF
$433.78
Gross SF
6,916

Investment Highlights

  • First Time on The Market in Over 35 Years.
  • Excellent Upside Potential By Taking Advantage of Interior/Exterior Renovation Plan.
  • An Exceptionally Well-Maintained Building.
  • The Property Has Large Floor Plans with the Average Unit Size Being Over 980 Sq. Ft
  • Close Proximity to Local Shopping, Dining & Entertainment.
  • Average Annual Household Income in West Hollywood Are $121,557 Within a 1-Mile Radius

Investment Overview

Marcus & Millichap, as the exclusive listing agent, is pleased to offer for sale, for the first time in over 35 years, 617 N. Sweetzer Avenue, a 7-unit apartment building located in one of the most desirable parts of West Hollywood, California.

Situated on a 5,500 SF lot, the property consists of 6,916 SF and features one (1) studio, two (2) One-Bedroom/One-Bathroom, and four (4) Two-Bedroom/Two-Bathroom units. The property will be delivered with a vacant two-bedroom unit.

617 N. Sweetzer Avenue is an excellent opportunity for a buyer looking to purchase an investment property located within close proximity to world-famous shopping, dining, and entertainment venues. Residents enjoy being within walking distance to everyday amenities, while also having convenient access to the 101 Freeway, offering them easy accessibility to many popular employment centers throughout Los Angeles, including West Hollywood, Hollywood, Beverly Hills, and Century City.

Being on the market for the first time in over 35 years, this is the perfect opportunity for a buyer looking to acquire a property in an excellent location with strong upside potential.

Exclusively Listed By

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