1210 N. Larrabee Street, perched above the legendary Sunset Strip, is a prestigious opportunity to acquire a pride of ownership and an incredibly turnkey asset in one of the best rental locations in prime West Hollywood. The mid-century gem has been meticulously upgraded with no expense spared by current ownership. The iconic building boasts an ideal unit mix of all very large one-bedroom, 2-bedroom and 3-bedroom layouts. Each of the units has a terrific floor plan, offers an abundance of natural light, and some units have incredible views.The unit mix consists of 4 (1+1), 2 (2+2), 1 (3+3) and 1 (3+3.5 Penthouse). Seven units, including the Penthouse, have been upgraded with: brand new electrical, central HV/AC with Nest units, in unit washer/dryer, new plumbing, new windows, engineered hardwood flooring (not vinyl), new kitchens with tiled backsplash, custom cabinets, stainless steel appliance packages, and stone countertops. The Penthouse unit offers up over 2,000 SF of unparalleled living space and could be ultimately used as a perfect owner user ideal for entertaining. Additionally, ownership has completed all soft story seismic work, added a new security gate and created a new common area rooftop deck with dramatic city views.Priced at an attractive 4.01 CAP and 16.81 GRM, the property is walking distance to some of the Westside's best dining and nightlife. This rare offering presents an astute investor with the unique opportunity to acquire a premier asset in a high-profile location in all of Los Angeles.
Courtesy of Jonathan Taksa, Remax Commercial and Investment Realty
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Data last updated 6/29/22