937 Hilldale Ave
WEST HOLLYWOOD, CA 90069
Cross street:N. Doheny Dr. and Cynthia St.

Property

Ownership: For Sale
Bedrooms: 11 BR
Bathrooms: 9
Area: 7017 sq ft
Lot Size: 7017 sq ft

Financials

Price:$2,550,000
271 North Canon Drive Beverly Hills, CA 90210
Listing Courtesy of Compass

937 Hilldale Ave 11BR Sunset Strip La

Front of Property - 937 Hillda

Front of Property - 937 Hillda

Front of Property - 937 Hillda
0.5 Mile from Sunset & San Vic
0.5 Mile from Sunset & Doheny
0.3 Mile from Santa Monica Blv
Front of Property - 937 Hillda
Unit Entrances - 937 Hilldale
Aerial Front of Property - 937
Roof - 937 Hilldale
Front of Property - 937 Hillda0.5 Mile from Sunset & San Vic0.5 Mile from Sunset & Doheny0.3 Mile from Santa Monica BlvFront of Property - 937 HilldaUnit Entrances - 937 HilldaleAerial Front of Property - 937Roof - 937 Hilldale

Description

937 N. Hilldale is a 9-unit West Hollywood complex on a quiet Norma Triangle cul-de-sac, just steps from Sunset Blvd. and Doheny Dr. The property gives residents the quieter feel of a residential side street while placing them minutes from the Sunset Strip, Santa Monica Blvd., Melrose, the Pacific Design Center, Beverly Center, and Beverly Hills.Held by the same ownership for 38 years, the building has been well maintained and improved over time. Built in 1957, the property reflects the classic LA dingbat style, with tuck-under parking, horizontal windows, and clean stucco massing. Ownership has completed over $500K in capital improvements, including the soft-story retrofit, new roof, new windows, and renovations to 5 of the 9 units. These upgrades reduce near-term capital exposure and allow a buyer to focus on interior turnover, lease-up, and rent growth.Offered at $2,550,000, or $283,333 per unit and $360 per SF, 937 N. Hilldale Ave. is priced below recent nearby West Hollywood sales comps on a per-unit basis. The unit mix includes (2) 2-bdrm. / 1-bath units and (7) 1-bdrm. / 1-bath units. Market rents support approx. 60% rental upside, with projected rents near $2,750 for 1-bdrm. units and $3,500 for 2-bdrm. units. 937 N. Hilldale Ave. gives investors a well-maintained 9-unit building in one of West Hollywood's most recognizable rental pockets, with major capital improvements already completed and meaningful rental upside still in place.

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.