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Key Details
Sold Price $2,050,000
Property Type Multi-Family
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
Square Footage 7,797 sqft
Price per Sqft $262
MLS Listing ID PW23166451
Sold Date 11/07/23
HOA Y/N No
Year Built 1965
Lot Size 5,758 Sqft
Property Description
Rare Value-Add Multifamily Opportunity in prime location in the heart of West Hollywood.
Discover an exceptional investment opportunity at 537 N Kings Road. Situated on a serene and desirable street in the core of West Hollywood, this property offers a unique chance to enter one of Los Angeles' most sought-after neighborhoods.
Key Features:
Proximity to Melrose Place: Located just one block away from Melrose Place, which is currently one of the hottest amenity corridors in Los Angeles. Enjoy easy access to trendy boutiques, dining, and entertainment.
Meticulously Maintained: This property boasts a single owner who constructed it in 1965 and has diligently preserved its condition.
Unit Variety: Comprising two 1-bedroom 1-bath units, two 2-bedroom 2-bath units, one 3-bedroom 2-bath unit, and one 3-bedroom 3-bath unit, this property offers a diverse range of rental opportunities.
Value-Add Potential: Each unit presents the opportunity for strategic repositioning, allowing you to command top-of-the-market rents.
Parking and Amenities: Benefit from below-grade and gated parking spaces, providing convenience and security for tenants. Additionally, the property includes a laundry room for added tenant satisfaction.
Act Quickly: A Rare Repositioning Opportunity
Don't miss out on this extraordinary property primed for repositioning. Properties of this caliber in West Hollywood's core are in high demand and tend to be snapped up swiftly.
Contact us today to seize this exceptional investment opportunity at 537 N Kings Road.
Location
State CA
County Los Angeles
Area C10 - West Hollywood Vicinity
Rooms
Ensuite Laundry Common Area
Interior
Laundry Location Common Area
Fireplace No
Laundry Common Area
Building
Lot Description 0-1 Unit/Acre
Story 2
Water Public
Others
Tax ID 5528014059
Financing Cash
Special Listing Condition Standard
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Bought with Ariel Sayani • Keller Williams Beverly Hills