Sold

7634 Hampton Avenue

West Hollywood CA, 90046

$3,300,000


$536.24 per sqft

Sold

13 Beds

10 Baths

6,154 sqft

Multi-family

Built in 1955

Listed by Armin Soleimani with Global Platinum Properties, Inc. 818-524-0706

Huge 500k Price Reduction! 8 Unit building with 5 fully renovated units (3 vacant) in prime West Hollywood cash flowing at an amazing 5.5% Cap Rate and 12.9 GRM from day 1! 1 Attached (1bed/1bath) RTI ADU under construction which will improve the current financials to an incredible Current 6.2% Cap Rate, 11.6 GRM and only 377k/door after completion. Additional 24% upside to 7.2% Cap Rate and 10.4 GRM on the proforma. Diverse Unit Mix of 2 (2bed/1bath), 3 (1bed/1bath+den) and 3 (1bed/1bath) units. Individually metered for Gas & Electricity. RTI Plans for 1 Attached ADU in the storage area (Under Construction) + Prelim Plans for 2 Detached ADUs over the carport. All 5 units have been completely renovated and boast a high-end aesthetic with new modern cabinets, flooring, recessed lighting, new bathrooms, stainless steel appliances, washer/dryer inside, as well as major exterior capital improvements. This property is located in the heart of West Hollywood just minutes away from the iconic Sunset Strip, Beverly Hills, and within close proximity to many hip neighborhood attractions, restaurants, bars, and shops such as Delilah, Laurel Hardware, Employees Only, Bar Lubitsch, Formosa Cafe, and more popping up all around the area.

23285527

MLS ID

June 28, 2023

Listed

October 12, 2023

Updated

Map

7634 Hampton Avenue
West Hollywood CA, 90046

Interior Features

Total Stories

2


Bedrooms

13 Beds


Bathrooms

10 Baths


Interior Features

Ceiling Fan(s)


Appliances

Microwave, Refrigerator


Fireplace

No


Cooling

No


Heating

No

Exterior/Building Features

Lot Size

0.15 acres

Other Property Details

Days on Market

44


Garage

No


Parking

Detached Carport


View

No


County

Los Angeles


Pool

No

Listing History

Date

Event

Price

10/11/2023

Price Change

$3,300,000

-3%

10/11/2023

Sold

8/31/2023

Pending

8/8/2023

Price Change

$3,400,000

-6%

7/21/2023

Price Change

$3,595,000

-5%

Listing Contact: 818-524-0706 

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 10/12/2023. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

©2023 California Regional Multiple Listing Service (CRMLS) all rights reserved.

Data last updated on 10/12/2023 at 12:36 AM UTC

 

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