1031 N CRESCENT HEIGHTS BLVD

WEST HOLLYWOOD, CA, 90046

$13,695,000

$640 per ft²
$13,695,000
$640 per ft²
Active
Active
 - For Sale
beds
30 Beds
baths
31 Baths
carpenters-square
21,374 ft²
property_type
Multi-family
calendar
Built 1989
Rare opportunity to acquire a trophy property located at 1031 N. Crescent Heights Boulevard in prime West Hollywood. Also known as "La Ventana," the property was built in 1989 and thus is not subject to the strict rent control regulations of the city of West Hollywood, allowing for immediate upside (seller has not raised the rents during the pandemic). It consists of fifteen (15) large two-bedroom / two-bathroom units and many featuring soaring vaulted ceilings with an abundance of natural light. The units feature upgraded and luxurious amenities including stainless steel appliances, quartz or granite countertops, fireplaces, hardwood floors, spacious kitchens/bedrooms/bathrooms, in-unit washer/dryers, large balconies, and central heat and air conditioning. The common areas include an on-site heated pool with barbeque area, recreation room, copper plumbing, security cameras, and gated parking consisting of 34 total spaces (including guest parking). Additionally, the property is a potential candidate for a condominium conversion and previously had an approved tentative tract map. The location is a walker's paradise with a "Walk Score" of 92. Esteemed La Ventana presents an investor with a unique opportunity to immediately capitalize on higher market rents and to acquire a prime low maintenance asset in one of the best rental locations in all of LA.
MLS ID:
21-112175
Updated:
1/29/22

Interior Features

Total Bedrooms
30
Total Bathrooms
31
Cooling
Other
Heating
Other

Exterior/Building Features

Lot Size
0.42 acres lot

Other Property Details

Attached Garage
No
Parking
Covered Parking, Gated
Parking Total
34.0
View
N
County
Los Angeles
Pool
No
Total Stories
2
Zoning
WDR3A*

 

Courtesy of Ardy Ishal, BRC Advisors- BH

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. 

©2022 Combined L.A./Westside MLS. All rights reserved.

Data last updated 1/29/22

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