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Property Description

Huge price reduction!!! 8815 Cynthia Street is a prestigious opportunity to acquire a property in one of the best rental locations in prime West Hollywood. Built in 1989, the property isNOT subject to the city of West Hollywood’s rent control (AB 1482 does apply). 4 of the units are subject to lower income covenants. The beautiful courtyard property boasts an ideal unit mix consisting of all 19 two-bedroom two bath units and 2 one-bedroom one bath units. Each of the units is extremely spacious, has a terrific floor plan, and offers an abundance of natural light. Units feature upgraded and luxurious amenities including stainless steel appliances, quartz or granite countertops, fireplaces, vinyl or laminate flooring, spacious kitchens/bedrooms/bathrooms, large balconies/patios, individual water heaters, and central heat and air conditioning. Other property features include secureentry, copper plumbing, 18 camera video system, and gated subterranean parking (an incredible 47 parking spaces for 21 units). 8815 Cynthia Street is regarded as a “Walker’s Paradise” as it features an incredible Walk Score of 92. With such an abundance of parking and an ideal unit mix, the property is well positioned for an investor looking for a condominium conversion project. This rare offering presents an astute investor with the unique opportunity to capitalize on higher market rents and to acquire a premier asset in one of the best rental locations in all of Los Angeles.

Features
: Central
: Central Air
3
0
Additional Information
Remax Commercial and Investment Realty
0
CLW-X90025
CLW-X7538301
Jonathan
4339013028
: Standard
Multi/Split
32

Multi-Family For Sale

8815 Cynthia Street, West Hollywood, California 90069

23,675 Sqft
$15,425,000
Listing ID #24424451
Basic Details
Status : Active
DaysOnMarket : 120
Property Type : Multi-Family
Listing Type : For Sale
Listing ID : 24424451
Price : $15,425,000
Living Area : 23,675 Sqft
Lot Size : 17,763 Sqft
Year Built : 1989
Country : US
State : California
County : Los Angeles
City : West Hollywood
Zipcode : 90069
Price Per Square Foot : $652
ModificationTimestamp : 2024-12-04 14:44:30
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