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… Read More 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. Read Less
Courtesy of Lyon Stahl Investment Real Estate, Inc. 310-425-9838
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