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Listed by Raymond Rodriguez • Equity Union
$ 5,775,000
Est. payment | /mo
17,468 SqFt
$ 5,775,000
Est. payment | /mo
17,468 SqFt
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 17,468 sqft
Price per Sqft $330
MLS Listing ID CRSR25032522
HOA Y/N No
Originating Board Datashare California Regional
Year Built 1964
Lot Size 0.341 Acres
Property Sub-Type Other
Property Description
We are proud to present The Enclave, located at 1226 North Fuller Avenue in the City of West Hollywood, California. This investment opportunity presents an ideal income property for an investor looking to acquire an attractively priced asset in a highly desirable sub-market of Los Angeles. The Enclave is a highly improved and well-kept apartment complex comprised of (19) 1-Bedroom + 1-Bath and (3) 2-Bedroom + 2-Bath well-appointed units, totaling 17,468± BSF. It was built in 1964 and is located on a 14,858± SF lot, zoned WDR3B*. Situated on a quiet and beautiful tree-lined street, The Enclave provides each of its tenants with an array of communal amenities, including secured intercom entry with 24-hour CCTV security cameras throughÂout, along with 22 assigned parking spaces, lush and mature landscaping, a sparkling swimming pool with outdoor lounge, and an on-site laundry facility. In addition, the property features (8) massive unutilized 6’ x 16’ walk-in storage rooms that the current ownership has yet to monetize, allowing for the potential of an additional income stream. 1-Bedroom + 1-Bath Units: There is a total of 19 one-bedroom units, with an average rent of $2,019. Current market rents for similar one-bedroom units in the area are hovering around $2,500± providing
Location
State CA
County Los Angeles
Interior
Fireplace No
Laundry Other
Building
Water Public
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Melanie Peterson-Katz
Partner | Lic# 00890767