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Multifamily

1238-1244 Larrabee Street

1238 Larrabee St, West Hollywood, CA 90069

Listing Price: $6,300,000

Cap Rate
4.17%

Investment Overview

Ringer Group at Marcus and Millichap is pleased to exclusively present for purchase two contiguous properties located at 1238-1244 Larrabee St, a unique multifamily investment opportunity located in a vibrant neighborhood of West Hollywood. This A+ location is North of the famed Sunset Boulevard and East of Doheny Drive. Residents at this location are walking distance to the best part of the Sunset Strip with many places for dining, shopping, and entertainment. This location is also adjacent to Beverly Hills and easy access to the finest of West Hollywood. These 2-story Bungalow style apartment buildings were constructed in 1930’s and have all the charm and character of the era. The offering features 6,840 SF of improvements; 1238 Larrabee St was built in 1937 and consists of one-bedroom SFR and a fourplex with all spacious one-bedrooms and 1244 was built in 1930 and comprises of two structures totaling two studios, five one-bedroom units and two two-bedrooms. Selected units have private decks and patios. The two adjacent flat lots boast a total of 13,367 SF, zoned WDR4* with tremendous future development potential. Ideally positioned on the hill with stunning views of Los Angeles. This offering will appeal to any savvy investor and/or developer who is looking for a well-located trophy in West Hollywood with existing cash flow and immense potential for a development down the road. Properties can be sold together or individually with a provision to close escrow at the same time.

Investment Highlights

  • Exceptional Location
  • Future Development Potential
  • Value Add Opportunity

Exclusively Listed By

Financing By

Multifamily

1238-1244 Larrabee Street

Investment Highlights

  • Exceptional Location
  • Future Development Potential
  • Value Add Opportunity

Investment Overview

Ringer Group at Marcus and Millichap is pleased to exclusively present for purchase two contiguous properties located at 1238-1244 Larrabee St, a unique multifamily investment opportunity located in a vibrant neighborhood of West Hollywood. This A+ location is North of the famed Sunset Boulevard and East of Doheny Drive. Residents at this location are walking distance to the best part of the Sunset Strip with many places for dining, shopping, and entertainment. This location is also adjacent to Beverly Hills and easy access to the finest of West Hollywood. These 2-story Bungalow style apartment buildings were constructed in 1930’s and have all the charm and character of the era. The offering features 6,840 SF of improvements; 1238 Larrabee St was built in 1937 and consists of one-bedroom SFR and a fourplex with all spacious one-bedrooms and 1244 was built in 1930 and comprises of two structures totaling two studios, five one-bedroom units and two two-bedrooms. Selected units have private decks and patios. The two adjacent flat lots boast a total of 13,367 SF, zoned WDR4* with tremendous future development potential. Ideally positioned on the hill with stunning views of Los Angeles. This offering will appeal to any savvy investor and/or developer who is looking for a well-located trophy in West Hollywood with existing cash flow and immense potential for a development down the road. Properties can be sold together or individually with a provision to close escrow at the same time.

Exclusively Listed By

Financing By

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