525 N Sweetzer Ave, a 6 unit apartment building located in the heart of West Hollywood, a highly desirable area in Los Angeles, California. Built in 1959, the property consists of (2) one-bedroom + one-bathroom units, (2) two-bedroom + two-bathroom units and (2) three-bedroom + two-bathroom units. The building is… Read More 6,120 gross square feet and sits on a 5,493square foot lot.Located in the heart of West Hollywood, 525 N Sweetzer Ave offers residents a vibrant and sophisticated lifestyle surrounded by some of Los Angeles' most desirable destinations. Just moments from Melrose Avenue, Beverly Grove, and the Design District, this property places tenants at the center of fashion, dining, and culture. With a Walk Score of 93, residents can easily explore local cafes, high-end boutiques, and acclaimed restaurants such as Catch LA, Cecconi's, and Croft Alley. Just minutes away, the Pacific Design Center, Beverly Center, and West Hollywood Park contribute to the area's vibrant mix of design, culture, and leisure.525 N Sweetzer Ave represents a unique value-add opportunity for investors due to the property's location and rental upside. The property offers a initial CAP rate of 5.39% with the ability to improve to a 8.24% CAP rate once units turnover. Read Less
Courtesy of Lyon Stahl Investment Real Estate, Inc. 310-425-9838
Listing Snapshot
Days Online
15
Last Updated
Property Type
Other
Beds
12
Square Ft.
6,120
Lot Size
0.13 Acres
Year Built
1959
MLS Number
25617219
30 Days Snapshot Of 90048
$2.70M
+8%
(avg) sold price
11
-35%
homes sold
58
-47%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
None
Building
6,120 sq ft, Built in 1959, Levels: Multi/Split
Cooling
None
Disclosures
None
Garage
Covered Parking
Heating
None
Lot
LotAcreage: 0.1261, LotSizeArea: 5,493
Parking
TotalParking: 0
Property
NumberOfUnits: 6, Zoning: WDR3C*
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