Nest Seekers

937 Hilldale Ave 11BR Sunset Strip La

937 Hilldale Ave
WEST HOLLYWOOD, CA 90069

Listing

Web ID:5565448
Website:https://www.nestseekers.com/5565448
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

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.
  • 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

Location

937   Hilldale Ave WEST HOLLYWOOD CA 90069 USA

Contact

Beverly Hills, CA
271 North Canon Drive Beverly Hills, CA 90210
Phone: +1 310-278-8861
Fax: +1 310-362-0351
info@nestseekers.com
Listing Courtesy of Compass
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