8991 Keith Ave
WEST HOLLYWOOD, CA 90069

Property

Ownership: For Sale
Bedrooms: 6 BR
Bathrooms: 6
Area: 6171 sq ft
Lot Size: 0.14 Acres

Financials

Price:$1,400,000
271 North Canon Drive Beverly Hills, CA 90210
Listing Courtesy of Lyon Stahl Investment Real Estate, Inc.

8991 Keith Ave 6BR Sunset Strip La

Description

8991 Keith Avenue, a well-maintained 5-unit property located in the highly desirable Norma Triangle neighborhood of West Hollywood. This ultra prime location sits moments from both the Sunset Strip and Santa Monica Boulevard, placing residents steps from major retail, dining, and entertainment amenities in one of the strongest rental submarkets in Los Angeles. The property consists of two detached buildings with a diversified mix of (1) studio, (2) one-bedroom units, (1) two-bedroom / one-bath unit, and (1) two-bedroom / two-bath townhouse with in-unit laundry. The studio and the 2-bed / 1-bath unit in the back structure are currently both vacant. Additionally, the vacant 2+1 is mid-rehab, allowing a new owner to complete the improvements and bring the unit to market at top-of-market rent. In-place rents provide approximately 25% upside, offering investors a clear path to increasing revenue. Recent improvements include updated electrical panels, partial plumbing upgrades, and interior renovations in select units. There is also a one-car garage and one uncovered surface space, allowing parking for 2 cars, or 3 if one parks tandem. The property also has two large storage sheds behind the front structure.

Neighborhood

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CLAW

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. International currency conversions where shown are estimates based on recent exchange rates and are not official asking prices.

All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.