Rare opportunity to acquire an 8-unit luxury condominium building located in the heart of West Hollywood. All units are separately parceled (APNS: 5554-016-064, 065, 066, 067, 068, 069, 070, 071), and the Property boasts an exceptional unit mix of (3) 2+3 private entranced townhomes and (5) spacious 3+2 condominium and penthouse residences. This is a turnkey, pride-of-ownership asset with quality construction and exquisite design features. All units include modern luxury finishes, stainless steel appliances, designer kitchens with custom cabinets, Caesarstone countertops and glass backsplashes, hardwood flooring, high ceilings with recessed lighting, spacious layouts, floating bathroom vanities, and in-unit laundry. The well-designed units have an abundance of natural light and feature large curving or wrap around balconies, many with sweeping city views. While all of the units are in pristine condition and contain modern luxury finishes, a new investor will have the opportunity to add additional building upgrades to capitalize on the remaining rental upside. Building amenities include a beautifully landscaped courtyard and a massive rooftop deck with spectacular 360-degree views, seating areas, and a brand-new BBQ island and grill, offering tenants the perfect space for relaxation and entertainment. ver the past year, ownership has invested in extensive building upgrades including complete building paint, installation of new lighting throughout, beautiful drought-resistant landscaping with drip systems, new entry systems, all new gates, front entrance lobby doors, new epoxy floors in garages and stairwells, and much more. Additionally, the Property benefits from secured gated entry and two private parking garages with 19 spaces. The Property is ideally positioned in an unparalleled West Hollywood location, often referred to as the trendiest and most desirable neighborhood in all of Los Angeles. Tenants are situated in the heart of everything, only one block away from the world-famous Sunset Blvd and Santa Monica Blvd and minutes from the coveted Melrose Avenue. The Property is a Walkers Paradise, conveniently located amongst countless amenities including critically acclaimed restaurants, nightlife, shopping, hotels, entertainment venues, museums, fitness centers, and much more. Further, the Property is centrally located near major employment centers including Beverly Hills, Century City, Hollywood and Downtown LA. 1283 Havenhurst offers an investor the opportunity to purchase a well-maintained, income generating trophy asset with recent capital expenditures and additional upside in rents.
Courtesy of Janet Neman, Kidder Mathews of California, Inc.
Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor Living the Dream shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
©2021 Combined L.A./Westside MLS. All rights reserved.
Data last updated 12/4/21