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    1354 N Harper Ave

    West Hollywood, CA 90046
    • $66,750,000
    • STATUS: Active
    • ON SITE: 40 days
    • ID#: 20-617508
    UPDATED: 53 min ago
    $66,750,000
    • 202
      BEDS
    • 0.34
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 140,892
      SQFT
    • $474
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1930
    County:

    School Ratings & Info

    Description

    The Los Angeles Multifamily Portfolio, a five property investment opportunity in Los Angeles, California. The offering is being marketed as a portfolio; however, an investor could purchase one or more buildings individually. Each building is unique and located in a different submarket of Los Angeles including Koreatown, Pico-Robertson, Downtown, Miracle Mile and West Hollywood.5-BUILDING MULTIFAMILY OPPORTUNITY WITHIN HIGH-GROWTH LOS ANGELES SUBMARKETS 5-building multifamily portfolio totaling 180 units in Koreatown, Pico-Robertson, Downtown, Miracle Mile and West Hollywood. Each asset is unique within the portfolio including value-add, turnkey and redevelopment offerings. Despite recent upgrades, all assets can undergo further renovations to achieve market rents. PORTFOLIO INCLUDES ART DECO-STYLE ARCHITECTURE, MILLS ACT TAX BREAKS, AND LUXURY EXEMPTION FROM THE RENT STABILIZATION ORDINANCE. (Properties also available for individual sale)

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-09-24T09:42:15.877. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
    www.randyplaice.com/homes/108919603
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    1354 N Harper Ave West Hollywood, CA 90046

    • Price: $66,750,000
    • Status: Active
    • Updated: 53 min ago
    • ID#: 20-617508
    202
    Beds
    0
    Baths
    0
    ½ Baths
    0.34
    Acres
    140,892
    SQFT
    $474
    $/SQFT
    1930
    Built
    Neighborhood:
    West Hollywood Vicinity
    County:
    Los Angeles
    Area:
    West Hollywood Vicinity
    Property Description
    The Los Angeles Multifamily Portfolio, a five property investment opportunity in Los Angeles, California. The offering is being marketed as a portfolio; however, an investor could purchase one or more buildings individually. Each building is unique and located in a different submarket of Los Angeles including Koreatown, Pico-Robertson, Downtown, Miracle Mile and West Hollywood.5-BUILDING MULTIFAMILY OPPORTUNITY WITHIN HIGH-GROWTH LOS ANGELES SUBMARKETS 5-building multifamily portfolio totaling 180 units in Koreatown, Pico-Robertson, Downtown, Miracle Mile and West Hollywood. Each asset is unique within the portfolio including value-add, turnkey and redevelopment offerings. Despite recent upgrades, all assets can undergo further renovations to achieve market rents. PORTFOLIO INCLUDES ART DECO-STYLE ARCHITECTURE, MILLS ACT TAX BREAKS, AND LUXURY EXEMPTION FROM THE RENT STABILIZATION ORDINANCE. (Properties also available for individual sale)
    Exterior Features

    Lot Size Area 70261 Other Structures Other Parking Garage Other Total Parking 0

    Interior Features

    Baths Total 191.00 Cooling Air Conditioning Equipment WasherRange/OvenRefrigeratorGarbage DisposalOtherDryerCeiling FanCable Heating Other Laundry Community

    Property Features

    Assessed Total Value 2801353 Gross Income 5165700 Gross Operating Income 3449945 Like Units1 99 Like Units2 60 Like Units3 8 Like Units4 9 Like Units5 3 Net Operating Income 2280797.00 Number Of Buildings 5 Number Of Units 180 Sale Type Standard Source Living Area Other Source Lot Size Area Other Source Lot Size Dimensions Vendor Enhanced Total Annual Expense 1241243 Type Of Units Apartment Year Built Source Vendor Enhanced Zoning Wdr4*

    Listing provided courtesy of Neema Ahadian DRE#01346750 of Marcus & Millichap.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-09-24T09:42:15.877. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
     
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    Valencia CA, 91355