1031 N Crescent Heights Blvd, West Hollywood, CA 90046

$13,695,000
30
BD
31
BA
21,374
SqFt
List Price
$13,695,000
MLS#
21-112175
Year Built
1989
Bedrooms
30
Bathrooms
31
Living Sq. Ft
21,374
Lot Size
18,149
Days on Market
42
Property Type
Multifamily
Stories
2

Property Description

Rare opportunity to acquire a trophy property located at 1031 N. Crescent Heights Boulevard in prime West Hollywood. Also known as "La Ventana," the property was built in 1989 and thus is not subject to the strict rent control regulations of the city of West Hollywood, allowing for immediate upside (seller has not raised the rents during the pandemic). It consists of fifteen (15) large two-bedroom / two-bathroom units and many featuring soaring vaulted ceilings with an abundance of natural light. The units feature upgraded and luxurious amenities including stainless steel appliances, quartz or granite countertops, fireplaces, hardwood floors, spacious kitchens/bedrooms/bathrooms, in-unit washer/dryers, large balconies, and central heat and air conditioning. The common areas include an on-site heated pool with barbeque area, recreation room, copper plumbing, security cameras, and gated parking consisting of 34 total spaces (including guest parking). Additionally, the property is a potential candidate for a condominium conversion and previously had an approved tentative tract map. The location is a walker's paradise with a "Walk Score" of 92. Esteemed La Ventana presents an investor with a unique opportunity to immediately capitalize on higher market rents and to acquire a prime low maintenance asset in one of the best rental locations in all of LA.

Additional Information

Other Buildings
Other
Heat
Other
Cooling
Other
Number of Cars in Garage
Covered Parking, Gated

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Courtesy of , Ardy Ishal - CA DRE#

The information being provided by CARETS (CLAW, CRISNet MLS, DAMLS, CRMLS, i-Tech MLS, and/or VCRDS)is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identifyprospective properties visitor may be interested in purchasing.Any information relating to a property referenced on this web site comes from the Internet Data Exchange (IDX)program of CARETS. This web site may reference real estate listing(s) held by a brokerage firm other than thebroker and/or agent who owns this web site.The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, isdeemed reliable but not guaranteed and should be personally verified through personal inspection by and/or withthe appropriate professionals. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS,DAMLS, CRMLS, i-Tech MLS and/or VCRDS and is protected by all applicable copyright laws. Any disseminationof this information is in violation of copyright laws and is strictly prohibited.CARETS, California Real Estate Technology Services, is a consolidated MLS property listing data feed comprisedof CLAW (Combined LA/Westside MLS), CRISNet MLS (Southland Regional AOR), DAMLS (Desert Area MLS),CRMLS (California Regional MLS), i-Tech MLS (Glendale AOR/Pasadena Foothills AOR) and VCRDS (VenturaCounty Regional Data Share).