937 Hilldale Ave, West Hollywood, CA 90069
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937 Hilldale Ave, West Hollywood, CA 90069
937 Hilldale Ave, West Hollywood, CA 90069
937 Hilldale Ave, West Hollywood, CA 90069
937 Hilldale Ave, West Hollywood, CA 90069
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Sharlyn Nazarian & Paul Phillips

Sharlyn Nazarian & Paul Phillips

+1(213) 317-5377
$ 2,500,000
Est. payment /mo
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Price Dropped by $50K

937 Hilldale Ave West Hollywood, CA 90069

11 Beds

9 Baths

7,077 SqFt


UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 7,077 sqft

Price per Sqft $353

MLS Listing ID 26847091

Bedrooms 11

Year Built 1957

Lot Size 7,017 Sqft

Property Sub-Type Multi-Family

Property Description

937 N. Hilldale Ave. is a 9-unit West Hollywood offering 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. Improvements include 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 $2,500,000, or $277,778 per unit and $353 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 $2,650 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 completed improvements and meaningful rental upside still in place.

Location

State CA

County Los Angeles

Area West Hollywood Vicinity

Zoning WDR2*

Rooms

Other Rooms None

Interior

Heating Wall

Cooling Wall/Window

Equipment Other

Exterior

Parking Features Tandem

Garage Spaces 5.0

View Y/N No

View None

Building

Story 2

Level or Stories Two

Others

Special Listing Condition Standard


TheMLS (CLAW)
Listed by Compass
Sharlyn Nazarian & Paul Phillips

Sharlyn Nazarian & Paul Phillips

Realtor License ID: DRE #02251393 DRE#02251387

+1(213) 317-5377

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937 Hilldale Ave