8815 Cynthia Street, West Hollywood, CA 90069

$10,750,000
40
BD
40
BA
23,675
SqFt
List Price
$10,750,000
Price Change
▼ $500,000 1753758064
Status
ACTIVE
MLS#
24424451
Year Built
1989
Bedrooms
40
Bathrooms
40
Living Sq. Ft
23,675
Lot Size
17,763
Acres
0.41
Days on Market
410
Property Type
Multifamily
Stories
Multi Level

Property Description

INCREDIBLE NEW PRICING FOR 1989 BUILT PROPERTY IN WEST HOLLYWOOD!!!! 8815 Cynthia Street is a prestigious opportunity to acquire a property in one of the best rental locations in prime West Hollywood. Built in 1989, the property isNOT subject to the city of West Hollywood's rent control (AB 1482 does apply). 4 of the units are subject to lower income covenants. The beautiful courtyard property boasts an ideal unit mix consisting of all 19 two-bedroom two bath units and 2 one-bedroom one bath units. Each of the units is extremely spacious, has a terrific floor plan, and offers an abundance of natural light. Units feature upgraded and luxurious amenities including stainless steel appliances, quartz or granite countertops, fireplaces, vinyl or laminate flooring, spacious kitchens/bedrooms/bathrooms, large balconies/patios, individual water heaters, and central heat and air conditioning. Other property features include secureentry, copper plumbing, 18 camera video system, and gated subterranean parking (an incredible 47 parking spaces for 21 units). 8815 Cynthia Street is regarded as a "Walker's Paradise" as it features an incredible Walk Score of 92. With such an abundance of parking and an ideal unit mix, the property is well positioned for an investor looking for a condominium conversion project. This rare offering presents an astute investor with the unique opportunity to capitalize on higher market rents and to acquire a premier asset in one of the best rental locations in all of Los Angeles.

Additional Information

Heat
Central
Cooling
Yes
Cooling Description
Central Air
Attached Structure
Detached
Number Of Units Total
21

Listing courtesy of Listing Agent: Jonathan Taksa (jon@taksainvestment.com) from Listing Office: Remax Commercial and Investment Realty.

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Calculator source: Real Geeks

Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.