1316 North Fairfax Avenue West Hollywood, CA ^$ 2,950,000

1316 North Fairfax Avenue

^$ 2,950,000

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1316 North Fairfax Avenue

West Hollywood, CA, 90046

^$ 2,950,000

Studio Baths0.0 Sq 7,885

Monthly Estimate*

^$ 19,607

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Studio

Multi-Family Home for sale in West Hollywood, CA

for $2,950,000. This 7,885 square foot home was built in 1967 on a lot size of 0.15.

Prime investment opportunity on the edge of West Hollywood! This 8 unit building features 4 spacious 2br/2bath units, and 4 large 1br/1bath units with parking. Units have been renovated as vacancies occur. Walkable to the Weho Whole Foods and the trendy restaurants and shops of the Sunset Strip, this location is as desirable for its neighborhood feel as it is for its easy accessibility to the Weho nightlife. This is a unique opportunity in a prime location.

Multi-Family Active

Price

^$ 2,950,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

^$ 0

Style

Lot Size

0.15

Year Built

1967

Town/City

West Hollywood

County/Region

Los Angeles

MLS | Web ID

0024391109

Features

General

Interior Features Ceiling Fan(s) Living Room Balcony Storage

Cooling Wall/Window Unit(s)

Exterior Features Rain Gutters

Zoning R2-1XL

Security Features Window Bars

Construction Materials Stucco Wood Siding

Year Built 1967

Tenant Pays Electricity Cable TV Gas

Levels Two

Accessibility Other

County Los Angeles

Net Operating Income 153942.0

Insurance Expense 11282.0

New Construction No

Property Type C

HOA / Comm Assn No

Facing Direction West

Status Active

City West Hollywood

Buyer Agent Compensation 2.50

Entry Location Ground Level w/steps

Senior Community Y/N No

MLS Area C20 - Hollywood

Lot Size Units Square Feet

Lot Size Square Feet 6550.0

Number of Units Leased 8

Street Name Fairfax

Electric Expense 360.0

Property Condition Updated/Remodeled Repairs Cosmetic

Trash Expense 3720.0

Water Sewer Expense 8000.0

Additional Parcels Y/N No

Standard Status Active

Buyer Agent Compensation Type %

Interior

Flooring Tile Wood Vinyl Carpet

Kitchen Appliances Disposal Range Range Hood Refrigerator

Total Stories 2

Air Conditioning Y/N Yes

Window Features Blinds Double Pane Windows Drapes

Street Suffix Avenue

Laundry Features Washer Included Dryer Included Individual Room

Total Baths 0

Exterior

Parking Features Assigned Covered Shared Driveway Driveway Street

Lot Features Value In Land Landscaped Rectangular Lot Utilities - Overhead

Water Source Public

Inclusions Common area coin operated washer/dryer. Each unit comes with range refrigerator and wall a/c unit.

Lot Size Area 6550.0

Building Area Total 7885.0

Lot Dimensions 131x50

Lot Size Acres 0.15

Lot Size Source Assessor

Land Lease Type Fee

* Excluded Features

List By

Grey Blavin

Listing Agent

Power Brokers

Broker

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$19,607

Per Month

Monthly Principal & Interest: $19,607
Monthly Property Taxes: --
Monthly Home Insurance: --

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Yearly Home Insurance

Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in West Hollywood, CA

Average List Price ^$3,407,947

Percent of Sale Price 16%

About West Hollywood, CA

35,971 Population

1% Since 2002

^$69,697 Median Income

43.33 Median Age

4% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

793437 Elementary School

793428 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
5/31/2024	$2,950,000	-13.24%	Price Down
5/13/2024	$3,400,000		Listed Price

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1316 North Fairfax Avenue, West Hollywood, CA, 90046 is a Multi-Family Home for sale at $2,950,000 with 7,885 sqft and a lot size of 0.15. 1316 North Fairfax Avenue is a studio with 0.0 baths and was built in 1967. The property's zip code is 90046 which is in West Hollywood, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the California Desert Association of Realtors.

Based on information from the California Desert Association of REALTORS® as of 6/1/2024. 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.

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the California Desert Association of Realtors. Real Estate listings held by brokerage firms (licensees) other than Weichert Realtors include the name of the listing brokers.

The information being provided is for consumers' personal, non-commercial use and may not be reproduced or redistributed. Its sole purpose is to be used to identify prospective properties consumers may be interested in purchasing.

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1316 North Fairfax Avenue

Multi-Family Home for sale in West Hollywood, CA

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