937 Hilldale Ave Immeuble residentiel 9 lots 3 753 023 € (417 003 €/Lot) West Hollywood, CA 90069

Coldwell Banker proudly brings to the market an extraordinary opportunity that you won't want to miss! "BEVERLY HILLS ADJACENT" "View Apts. 937 Hilldale Ave," a charming apartment building nestled at the end of a peaceful cul-de-sac, just a stone's throw away from the vibrant intersections of Sunset and Doheny Drive. This well-maintained property boasts nine spacious units spread across 7,077 square feet, offering a comfortable and clean living environment. Situated on 7,016 square feet of WRD2* zoned land, these apartments provide a perfect blend of urban convenience and suburban tranquility. Currently 100% occupied, with 5 of the 9 tenants already paying market rent, with the property being well-positioned for strong returns. The remaining three units, occupied by long-term elderly tenants, offer a unique opportunity for future growth, as their rents are currently below market by $5,000 a month. This means the current annual income of $186,000 has the potential to soar to $246,000 once leases transition, making it an exciting investment opportunity in the heart of West Hollywood.
Living in West Hollywood, a lively suburb of Los Angeles with a population of 35,090, you'll experience the best of both worlds. Known for its dense urban feel, this area is one of the most desirable places to live in California. As a resident, you'll enjoy the vibrant culture, diverse dining options, and a strong sense of community, all while being part of a neighborhood where most people rent their homes. Whether you're drawn to the bustling nightlife or the serene residential streets, West Hollywood offers a unique and fulfilling lifestyle.
The Sunset Strip, a vibrant stretch of Sunset Boulevard in West Hollywood, is known for its nightlife, entertainment, and iconic landmarks. It's bordered by Doheny Drive on the west, marking the gateway to Beverly Hills. Doheny Drive, named for oil tycoon Edward L. Doheny, extends north-south through West Hollywood and Beverly Hills, encountering few traffic lights. The intersection of Sunset and Doheny is a key location, hosting the West Hollywood EDITION hotel, a luxury boutique hotel, and residential and commercial development.
Sunset Boulevard and the Sunset Strip:
• Iconic Entertainment Destination:
Sunset Boulevard, particularly its section known as the Sunset Strip, is a world-renowned entertainment destination, known for its music venues, nightclubs, and nightlife.
• Western Gateway:
The Sunset/Doheny intersection marks the western entrance to West Hollywood and the beginning of the Sunset Strip.
• Residential and Commercial Mix:
The area features a mix of residential properties, including high-end condominiums, and commercial spaces, including shops, restaurants, and entertainment venues.
• Walkable and Accessible:
The area is considered very walkable, with good transit options and some bikeability.
Doheny Drive:
• North-South Route: Doheny Drive runs north-south through West Hollywood and Beverly Hills, providing access to the Sunset Strip and other key areas.
• Minimal Traffic Lights: Doheny Drive has few traffic lights, making it a relatively quick route.
• Border Between Cities: It forms the boundary between West Hollywood and Beverly Hills.
• Residential and Condominium Developments: The road features residential properties, including condominiums, from Santa Monica Boulevard to Sunset Boulevard.