SOLD — 40-Bedroom Residential Income — 8815 Cynthia Street, West Hollywood, CA
Sold for $9,250,000
8815 Cynthia Street, West Hollywood, CA
About this property
NOW PRICED TO SELL. INCREDIBLE A+ LOCATION AND NOT SUBJECT TO WEST HOLLYWOOD RENT CONTROL. 8815 Cynthia Street is a prestigious opportunity to acquire a property in one of the best rental locations in prime West Hollywood. Built in 1989, the property is NOT subject to the city of West Hollywood's rent control (AB 1482 does apply). 4 of the units are subject to lower income covenants. The beautiful courtyard property boasts an ideal unit mix consisting of all 19 two-bedroom two bath units and 2 one-bedroom one bath units. Each of the units is extremely spacious, has a terrific floor plan, and offers an abundance of natural light. Additionally, the property is in the process of being converted to condominiums. Units feature upgraded and luxurious amenities including stainless steel appliances, quartz or granite countertops, fireplaces, vinyl or laminate flooring, spacious kitchens/bedrooms/bathrooms, large balconies/patios, individual water heaters, and central heat and air conditioning. Other property features include secure entry, copper plumbing, 18 camera video system, and gated subterranean parking (an incredible 47 parking spaces for 21 units). 8815 Cynthia Street is regarded as a "Walker's Paradise" as it features an incredible Walk Score of 92. With such an abundance of parking and an ideal unit mix, the property is well positioned for an investor looking for a condominium conversion project. This rare offering presents an astute investor with the unique opportunity to capitalize on higher market rents and to acquire a premier asset in one of the best rental locations in all of Los Angeles.
Property details
Location
8815 Cynthia Street • West Hollywood, CA 90069
Listed by
Jonathan Taksa · Remax Commercial and Investment Realty
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