1038 N Crescent Heights Blvd

LOS ANGELES, 90046
5-Unit Multifamily Income Property in West Hollywood

11
BEDS
7
BATHS
$2,779,000
PRICE
6,551 SF WDR3C
LOT
4,304 SF
PROPERTY

FINANCIALS

SALES PRICE

PRICE PER SF

CAP RATE
CAP RATE PRO FORMA

GRM
GRM PROFORMA

GROSS INCOME
GROSS INCOME PRO FORMA

$2,779,000

$645.68

4.86%
6.40%

15.22
12.25

182,628
$226,800

For a full financial breakdown, please browse the Offering Memorandum Package PDF by clicking below.

Ikon Advisors is pleased to present 1038 N Crescent Heights Blvd, a 5-Unit, value-add investment property in Prime West Hollywood. The building features (1) 5 Bed/2 Bath, (1) 2 Bed/1 Bath, and (2) 1 Bed/1 Bath units plus a 2 Bed/2 Bath newly-created 2022 ADU. Both the 5 Bed and 2 Bed units are newly-renovated with new A.C & heating, electrical, plumbing, flooring and appliances. The ADU has also just completed conversion with new walls, AC, electrical, plumbing, flooring and stainless steel appliances. All renovations have been beautifully done with high quality materials and finishes. Investor will enjoy a high demand rental in the sought-after, active & trendy West Hollywood District. Renters will enjoy unmatched, easy access to daily essentials and the epicenter of dining & nightlife in L.A. With a walking score of 95 and an overwhelming sense of community, this pocket of L.A proves the most desirable to today's renters.

(View the offering memorandum for rent rolls and financials.)

 

INTERIOR

YEAR BUILT

FLOORING

APPLIANCES




OTHER INTERIOR
FEATURES

1938, 2022 ADU

Laminate Wood Floors

Washer/Dryer, Dishwasher, Dryer, Freezer, Garbage Disposal, Microwave, Range/Oven
Washer, Refrigerator


Two units newly renovated w/ updated finishes

EXTERIOR

STORIES

YARD

AIR CONDITIONING

PARKING


 

2

Manicured landscaping

Central Air & Heat & Wall Units


4 Spaces Uncovered, Onsite, Private

Griffith Observatory_edited.jpg

Contact Yohann about 
1038 N Crescent Heights Blvd!

310.923.1550 | yohann@ikonadvisors.com

marketing pic.jpg

Yohann Bensimon | CALDRE #01966630

Interested in this property?